Weekly Cryptocurrency News | High interest in Bitcoin surpassing $110,000 and the author's prediction of reaching $1,000,000 by the author of Rich Dad Poor Dad.

## This Week’s News

Here is a summary of the most notable cryptocurrency news that garnered attention during this week (from 5/17 to 5/23).

This week, Arthur Hayes’ bullish market forecast, Robert Kiyosaki’s Bitcoin (BTC) price prediction, the author of the bestseller “Rich Dad Poor Dad”, and news regarding Bitcoin’s breakthrough of $110,000 garnered the most attention.

Table of Contents

1. This Week’s Highlighted News
2. Financial Market
3. Asia Special

This week’s top news

Arthur Hayes predicts the return of the “Alt Season” after this summer, with a forecast of Bitcoin increasing 2.5 times by the end of the year (5/19)

Arthur Hayes, who participated in an interview with the economic magazine Fortune, predicts a bullish market. Hayes, who accurately pinpointed the recent bottom, reiterated his previous bullish forecast that “Bitcoin will reach around $250,000 by the end of this year.” (Here is the article)

“Bitcoin is set to reach 1 million dollars” says Rich Dad Poor Dad author Kiyosaki (5/22)

On the 21st, Kiyosaki posted on X that he expects the price of Bitcoin to reach $500,000 to $1 million. The forecast seems to be due to sluggish auctions of U.S. Treasury bonds. (Click here for the article)

Bitcoin breaks its all-time high of $110,000, with experts predicting $200,000 by year-end (5/22)

Bitcoin rose to $110,500, up +3.7% from the previous day, setting a new all-time high. Jeffrey Kendrick of Standard Chartered Bank in the UK predicts that Bitcoin will reach $200,000 by the end of 2025. (Read the article here)

financial market

Bitcoin near its all-time high, approaching golden cross suggests medium to long-term buy signals (5/19)

Bitcoin is at $104,915, up +1.8% compared to the previous day. On this day, the Bitcoin market fluctuated around $105,000, with the formation of a golden cross approaching. (Read the article here)

Bitcoin surges, becoming a “safe asset” due to US bond downgrade and state laws | Virtual NISHI (5/20)

Bitcoin has risen to around $109,000, reaching an all-time high. Concerns about U.S. creditworthiness have emerged following the downgrade of U.S. bonds, leading to a depreciation of the dollar. In response, Bitcoin, as a stateless asset, has gained relative superiority, contributing to its price increase. (Read the article here)

Bitcoin hits all-time high, boosted by Texas bill passage and Vice President Pence’s expectations | Virtual NISHI (5/22)

Bitcoin updated its all-time high in the early hours of the 22nd. A decisive factor mentioned is the passage of the “Bitcoin Reserve Act” in Texas, which has the second largest GDP in the U.S., through both houses (requiring re-approval in the Senate), increasing the likelihood of its enactment. (Read the article here)

Asia Special

Metaplanet adds Bitcoin with a purchase of 15.1 billion yen, increasing its holdings to 7,800 BTC (5/19)

Metaplanet Inc. announced on the 19th that it has purchased an additional 1,004 BTC as part of its Bitcoin treasury strategy. The average purchase price was 15,134,304 yen per BTC, totaling approximately 15.195 billion yen. (Read the article here)

Remix Point aims to raise up to 5.6 billion yen, increasing Bitcoin purchases with 4.4 billion yen (5/19)

Remix Point Co., Ltd. announced on the 19th that it will issue its 24th series of stock acquisition rights (125,000 units) through a third-party allotment to EVO FUND, raising up to approximately 5.6 billion yen. Of the funds raised, 4.402 billion yen is planned to be allocated to the acquisition of bitcoin from June to August 25. (Click here for the article)

Holding NAC grants you the stay rights at NOT A HOTEL “THE DOOR” set to release in June (5/21)

NOT A HOTEL Inc. announced that NOT A HOTEL DAO Inc. will launch a new service called “THE DOOR” for users holding the cryptocurrency “NOT A HOTEL COIN (NAC)” on June 15, 2025. This service will be available to those who hold NAC worth more than 10,000 yen, with monthly lottery prizes and sales available on a first-come, first-served basis. (Read the article here)

GMO Coin to discontinue handling of 6 types of virtual currencies including NEM and Monacoin (5/21)

On the 21st, the cryptocurrency exchange GMO Coin announced that it will gradually discontinue handling six types of cryptocurrencies, including NEM (XEM) and Basic Attention Token (BAT), by August 2, 2025 (see article here).

Astar Network and Animoca Brands establish strategic partnership in the entertainment IP field (5/22)

Astar Network (ASTR), a blockchain platform originating from Japan, announced on the 22nd that it has received strategic investment from Animoca Brands, which is building a global position in the fields of blockchain gaming and digital asset management, and has signed a comprehensive partnership. (Read the article here)

The government and the Bank of Japan have announced the second interim report regarding the digital yen, considering coexistence measures for privacy protection and private payment systems (5/23)

On the 22nd, the government and the Bank of Japan announced the “Second Interim Report” of the inter-ministerial meeting regarding the Central Bank Digital Currency (CBDC) of the Japanese yen. The Second Report summarizes specific examination results on three themes: (1) organization under private law, (2) balancing privacy protection with data utilization/public policy requirements, and (3) the division of roles with private payment methods. (See the article here)

CoinPost Official App

The CoinPost official app (1.7.15) has been released on iOS and Android. ・iOS17 compatible ・Improvement of in-app WebView display ・Improvement of behavior when tapping notifications etc… pic.twitter.com/Y8dikLRBe7

— CoinPost (Cryptocurrency Media) (@coin_post) November 15, 2023