Bitcoin records largest weekly dollar gain in history; Strive CEO predicts ‘strongest’ cycle ever
Strive CEO said the next bitcoin cycle will be the strongest ever, citing its strong performance against both the dollar and gold.
Bitcoin is holding near $77,000 after a 22% weekly gain, according to CoinDesk. Other cryptocurrencies that had a significant rally last week are steady, with some pulling back, including XRP and Zcash.
The focus is now turning to Federal Reserve Chair Jerome Powell's speech at Jackson Hole.
Strive CEO has expressed optimism about the next bitcoin cycle, saying it will be the strongest ever, driven by bitcoin's performance against the dollar and gold, as reported by The Block.
Brief written by urgent.news from CoinDesk, Live Mint, The Block — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
