The world’s largest cryptocurrency is expected to benefit from a number of positive catalysts in 2024, the report said.
The token associated with Altman’s crypto project rose over 9% after Microsoft reportedly said it would hire Altman to lead its new AI team.
Santander Private Banking International is offering buy, sell and hold services with bitcoin and ether to clients in Switzerland.
Altman and other departed OpenAI staff will join a new advanced AI research team at the software giant.
Over $250,000 in liquidity was built up in prediction market contracts on Polymarket over the weekend, from the serious to the absurd.
Developments in key AI companies sometimes drive gains in AI-focused tokens as traders bet on the long-term growth of such tokens.
Historically, increased inflows into exchange wallets have presaged bull market pauses or price pullbacks.
Only 30% of bitcoin and 39% of ether has changed hands in the last year, a record low for both tokens, according to The Block’s data.
The self-described anarcho-capitalist has been supportive of bitcoin, calling it “the return of money to its original creator, the private sector.”
Tools for Humanity, the company behind Worldcoin, still lists Altman as its co-founder and chairman amidst the OpenAI drama.
