![Polygon Completes MATIC to POL Upgrade](https://static.news.bitcoin.com/wp-content/uploads/2024/09/polygon.jpg)

Polygon has officially transitioned from **MATIC** to **POL** as its network token, marking a significant milestone in its evolution. This **community-driven upgrade**, effective from **September 4, 2024**, establishes POL as the native gas and staking token for the **Polygon proof-of-stake network**.

Users holding MATIC on Ethereum can **seamlessly migrate to POL** through the **Polygon Portal interface**. This upgrade is part of Polygon’s broader vision to become an **aggregated blockchain network**, unifying liquidity and state across multiple chains. The POL token is designed to be **hyper productive**, with future phases potentially expanding its utility across various dimensions, subject to **community consensus**.

Polygon has officially upgraded from MATIC to POL as its network token, marking a significant milestone in its evolution. This community-driven upgrade,

Polygon's Major Leap: MATIC Transitions to POL - What You Need to Know!

### Key Updates on the 2024 Election Campaigns

- **Donald Trump**, the former President, faced an **apparent assassination attempt** recently, with a suspect now in custody.
- Tonight, Trump is expected to join **X Spaces** for the launch of his digital currency venture, **World Liberty Financial**. He stated, "We're embracing the future with crypto and leaving the slow and outdated big banks behind."

### Vice President Kamala Harris's Engagement
- **Kamala Harris** is scheduled to meet with members of the **International Brotherhood of Teamsters** today, focusing on issues that matter to working people.
- Harris's campaign is actively engaging with voters as the election approaches.

### Campaign Activities in Georgia
- Trump’s running mate, **Sen. JD Vance**, will attend a **Faith and Freedom Coalition dinner** in Georgia, while Minnesota Gov. **Tim Walz** is also in the state for campaign events.

![Donald Trump at a campaign rally](https://media-cldnry.s-nbcnews.com/image/upload/t_fit-560w,f_auto,q_auto:best/rockcms/2024-09/240915-donald-trump-vl-433p-64a2e1.jpg)
*Donald Trump, pictured at a campaign rally in Arizona last month, is expected to launch a digital currency project this evening.*

### What’s Next?
Stay tuned for more updates as the campaigns heat up ahead of the **November presidential election**. Both parties are strategizing to connect with voters and address key issues, including economic concerns and voter engagement.

The latest news and live updates on the 2024 election. Follow the Trump-Vance and Harris-Walz campaigns ahead of the presidential election in November.

Trump's Bold Move into Cryptocurrency: What You Need to Know!

Michael Saylor predicts that **Bitcoin** is far from reaching its full potential.

Few individuals have become such vocal advocates for **Bitcoin** (BTC) as **Michael Saylor**, CEO of **MicroStrategy** (NASDAQ: MSTR). As a self-proclaimed Bitcoin evangelist, Saylor's belief in the cryptocurrency is so strong that his company has shifted its strategy to replace cash reserves with Bitcoin.

To many, this decision appears bold, even risky, but Saylor's recent interview with CNBC sheds light on his rationale. He projects that one day Bitcoin could be worth **$13 million per coin**, an extraordinary **22,000% increase** from today's prices. Here's why Saylor believes Bitcoin has the potential to reach such astronomical heights, and whether his prediction holds water.

![Person at desk looking at computer with shocked expression.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F790736%2Fgettyimages-1130771144.jpg&amp;op=resize&amp;w=700)

### Breaking down Michael Saylor's vision

Michael Saylor is no stranger to Bitcoin predictions, but on CNBC's *Squawk Box*, he made perhaps his most daring forecast yet: Bitcoin could skyrocket to **$13 million per coin** by the year **2045**. While this might seem like an outlandish claim to some, Saylor's conviction is rooted in more than just wishful thinking.

He believes that Bitcoin's key features and fundamentals, such as its **scarcity**, **decentralization**, and growing **institutional interest**, will drive its price upward over the long term. According to Saylor, Bitcoin currently makes up about **0.1% of global capital** but could eventually capture up to **7%**, a dramatic shift that he sees as inevitable.

At the core of Saylor's argument is the idea that Bitcoin is actually safer than traditional financial assets. Its decentralized nature and lack of central authority make it immune to the manipulation or debasement that can affect **fiat currencies**. Unlike government-backed currencies, policy decisions cannot inflate or devalue Bitcoin.

This decentralization, combined with Bitcoin's fixed supply of **21 million coins**, ensures that it retains its value over time. This makes it, in Saylor's view, the ultimate **safe haven** for investors seeking protection from economic instability and **inflation**. Demand will only increase as more entities recognize its benefits, pushing its price to unprecedented levels.

### MicroStrategy's bold Bitcoin plan

Saylor's faith in Bitcoin is not just talk -- it's evident in MicroStrategy's actions. Since 2020, MicroStrategy has acquired more than **244,000 bitcoins**, representing more than **1% of the entire supply**. With nearly **$10 billion invested**, MicroStrategy is pioneering what Saylor calls the "Bitcoin standard" and is already starting to see its **investment pay off**. Bitcoin has outperformed the **S&P 500** and most major assets, delivering an impressive **44% annual return** on average.

Saylor believes MicroStrategy's decision to ditch cash will be one every other person and company eventually has to face as Bitcoin solidifies itself as the supreme currency. He suggests that as time passes, even governments may adopt Bitcoin in a similar fashion to hedge against economic uncertainties and currency depreciation. In his view, Bitcoin is not just another asset; it's the **"apex predator" of finance**.

### Tempering expectations: Is $13 million realistic?

While Michael Saylor might not be wrong in believing that Bitcoin is superior to other assets, it doesn't take away from the fact that his prediction of Bitcoin reaching **$13 million** is audacious. However, to his credit and as skeptical as one might be, it is difficult to dismiss that Bitcoin has had a remarkable rise since its inception and has regularly defied expectations.

From a niche digital currency to a global financial phenomenon, Bitcoin's journey has been nothing short of remarkable. As society grows more technologically adept with younger generations coming of age and increasingly attuned to the benefits of **digital currencies**, Bitcoin's role in the financial ecosystem seems poised to expand.

When considering the current economic landscape -- dominated by inflated fiat currencies, rising government deficits, and delicate geopolitical tensions -- there is a strong case to be made for Bitcoin as a hedge against uncertainty. Its decentralized structure and fixed supply make it an appealing alternative to traditional financial systems, especially in times of economic turmoil. Not to mention, with institutional investors **starting to pile in**, Bitcoin's adoption could accelerate even further.

### The road ahead

As to whether Bitcoin will hit **$13 million per coin** by **2045**, only time will tell. However, Saylor's belief in Bitcoin's long-term potential is not entirely unfounded. The cryptocurrency's unique qualities suggest that its value could continue to rise over the coming years. While it may be too soon to predict such an astronomical price, what is clear is that Bitcoin has proven itself as a **resilient and revolutionary asset**.

At its current price of around **$60,000**, Bitcoin still offers considerable room for growth, especially if Saylor's vision for widespread adoption comes to fruition. Investors should remain optimistic but cautious, always considering the inherent risks of the market. But if history is any guide, Bitcoin's best days could very well still lie ahead.

Michael Saylor predicts that Bitcoin is far from reaching its full potential.

Billionaire Michael Saylor Predicts Bitcoin Could Skyrocket to $13 Million: Is It Possible?

Despite recent **market fluctuations**, Bitcoin has shown resilience, and analysts are bullish about its potential for a **significant rally** in the coming weeks. 

### Upcoming Weeks Could Be Great For Bitcoin
As the market continues to shift, **popular market expert Rekt Capital** has predicted an exciting period ahead for Bitcoin. His analysis suggests that BTC is on the verge of a major rally, primarily due to **strong accumulation trends** and historical price movements. 

According to Rekt Capital, BTC might soon emerge from its current **consolidation phase**, with **historical data** indicating a likely breakout in the next few weeks. He emphasized that the upcoming weeks could be “very exciting” for Bitcoin as the market stabilizes. 

![Exciting weeks ahead for Bitcoin](https://bitcoinist.com/wp-content/uploads/2024/09/Bitcoin-chart-from-Rekt-Capital.jpg?resize=595%2C420)
*Source: Rekt Capital on X*

### 3 Buying Points Before A Major Rally
Amidst the anticipation of a Bitcoin rally, crypto analyst **Mags** has outlined three crucial buying points for investors:  
1. Close to the **market bottom**.  
2. A few months prior to the **Halving**.  
3. Right after the **Halving**.  

Mags encourages investors to act quickly, noting that this could be the last opportunity to purchase BTC at lower prices before a potential parabolic rise.  

![BTC trading at $58,939](https://www.tradingview.com/x/wYtze30z/)
*Source: Tradingview.com*  

While optimism surrounds BTC's future, Rekt Capital cautions that further consolidation may be necessary before a breakout occurs in **October**, historically a strong month for Bitcoin. 

### Historical Performance Insights
Historically, Bitcoin tends to peak between **150 to 160 days** following a Halving event, suggesting that late September 2024 could be pivotal for BTC as it potentially breaks out of its current accumulation range. 

In summary, as analysts remain bullish on Bitcoin's prospects, the market watches closely for signs of a significant price surge, making now an exciting time for investors in the crypto space.

Despite the negative market trends, several analysts are still bullish about Bitcoin, predicting a notable rally in the upcoming weeks.

Is a Bitcoin Surge on the Horizon? Experts Predict Thrilling Weeks Ahead for BTC!

### MoonPay's Registration in Australia

**MoonPay**, a leading Web3 infrastructure company, has officially registered with the **Australian Transaction Reports and Analysis Centre (AUSTRAC)**, paving the way for the provision of digital currency exchange services in Australia. This significant move will enable MoonPay to establish local **payment processing relationships** across the country, allowing users to utilize alternative payment methods such as **Osko** and **PayID**.

### Growing Crypto Adoption in Australia

The adoption of **crypto assets** in Australia is on the rise, with recent reports indicating that **one in five Australian adults** currently or previously owned crypto assets. Additionally, Australia made headlines by launching its first **Bitcoin ETF** in June, further solidifying its position in the crypto landscape.

### Compliance with Regulations

As a registered entity, MoonPay will adhere to Australia’s **AML/CTF Act**, which governs AUSTRAC’s functions. This compliance involves meeting stringent **reporting**, **KYC**, and **record-keeping requirements**.

### Commitment to Consumer Safety

**Ivan Soto-Wright**, co-founder and CEO of MoonPay, expressed his enthusiasm: “MoonPay continues to advocate for simple and compliant exchange of crypto assets around the world. We’re thrilled to bring our services directly to Australian users, and we will continue engaging with regulatory bodies globally to encourage innovation while prioritizing compliance and consumer safety.”

### Global Reach

To date, MoonPay has received registrations in the **U.K.**, **Ireland**, **Italy**, **Canada**, and **Australia**, along with **44 Money Transmitter Licenses** across the **U.S.**. It's important to note that MoonPay’s registration does not equate to a license or endorsement by AUSTRAC. As always, the value of crypto assets can fluctuate significantly, posing a risk of financial loss for investors.

MoonPay, a Web3 infrastructure company, has announced that it is registered with the Australian Transaction Reports and Analysis Centre

MoonPay Expands Horizons: Digital Currency Exchange Services Now Available in Australia!

Bitcoin has **retreated** ahead of a widely anticipated **interest-rate reduction** by the **Federal Reserve**, a significant policy change set to unfold this week, leaving global markets in a state of unease.

### Market Reaction
The largest digital asset experienced a dip of **up to 2.8%** on Monday, stabilizing around **$58,633** as of 7:03 a.m. in London. Other cryptocurrencies, such as **Ether** and **Dogecoin**, also faced losses during this period.

### Implications of the Rate Cut
The upcoming rate cut, expected to be the first in over four years, typically suggests **looser financial conditions**, which might create a favorable environment for riskier investments like cryptocurrencies. However, uncertainty looms over the **extent of the rate cut** and how markets will respond to updated forecasts from Fed officials, including Chair **Jerome Powell**'s press conference.

> “The cut is less important than the signaling during the press conference and the release of the updated dot plot,” stated **Sean McNulty**, director of trading at **Arbelos Markets**. He suggested that a **dovish** outlook could lead to Bitcoin **outperforming**.

### Recent Bitcoin Activity
This recent decline follows a **10% increase** in Bitcoin's price over the previous week, marking its largest rally since July. This increase was likely fueled by speculation surrounding a potential **50 basis points** rate cut. Currently, officials are expected to lower borrowing costs by at least **25 basis points** at the upcoming meeting.

### Market Sentiment and Political Context
In the **Bitcoin options market**, traders are anticipating a significant market event due to the Fed meeting. The monetary policy outlook has emerged as a crucial short-term driver for cryptocurrencies, overshadowing other factors, including the ongoing **US presidential race**. 

In recent political events, former President **Donald Trump** survived another assassination attempt, which previously led to a spike in Bitcoin prices due to speculation about his re-election chances.

Bitcoin reached a record high of **$73,798** in March, primarily driven by demand for US **exchange-traded funds**. However, inflows into these products have since decreased.

### Market Overview
As the market watches closely for the Fed's next steps, the sentiment around Bitcoin and other cryptocurrencies remains **volatile**, influenced significantly by economic policies and political developments.

(Bloomberg) -- Bitcoin retreated ahead of a widely expected interest-rate reduction by the Federal Reserve, a looming policy change due later this week that has global markets on edge.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Higher Than EverA City Finds Success Using 'Trees as Medicine'The Hague Is World’s First City to Ban Oil and Air Travel AdsThe

Bitcoin Faces Turbulence Ahead of Fed's Anticipated Rate Cut – What It Means for Investors

## Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

The **Bank of Russia** has announced plans to implement a **digital ruble payment infrastructure** by **July 2025**. This initiative aims to modernize the country’s financial system and enhance the efficiency of transactions.

### Key Features of the Digital Ruble
- The digital ruble will serve as a **central bank digital currency (CBDC)**, providing a state-backed alternative to cryptocurrencies.
- It is expected to facilitate **faster and cheaper transactions**, both domestically and internationally.
- The central bank emphasizes that the digital ruble will promote **financial inclusion** and support the development of the digital economy.

### Timeline and Implementation
- The initial phase of the digital ruble project will involve **testing** the new payment system with select participants in 2024.
- Following successful tests, the infrastructure will be rolled out for broader use in **2025**.

### Regulatory Framework
- The Bank of Russia is currently working on the **regulatory framework** necessary for the digital ruble’s operation, which includes guidelines for usage and security measures.
- This move aligns with global trends as many countries explore the potential of CBDCs.

The launch of the digital ruble is seen as a significant step toward **digitizing the Russian economy** and enhancing the efficiency of its payment systems, reflecting a growing interest in digital currencies worldwide.

Russia's Ambitious Digital Ruble Project: Launching by July 2025

## FBI Takes Action Against Crypto Recovery Fraud

The **FBI** has recently seized multiple websites associated with **crypto recovery fraud**, marking a significant step in combating scams that prey on unsuspecting cryptocurrency investors. These fraudulent schemes often claim to help users recover lost funds from previous scams, exploiting the vulnerabilities of victims.

### Understanding Crypto Recovery Fraud

Crypto recovery fraud typically involves scammers posing as legitimate companies that offer to help individuals recover lost cryptocurrency. Victims are often lured into these schemes through **promises of guaranteed recovery** and may be asked to pay upfront fees, only to find themselves further victimized.

### Recent Developments

The FBI's actions come as part of a broader effort to protect consumers in the cryptocurrency space. By targeting these fraudulent websites, the agency aims to raise awareness about the risks associated with crypto investments and the prevalence of scams.

### How to Protect Yourself

To safeguard against such scams, it is essential for cryptocurrency investors to remain vigilant. Here are some tips:
- **Verify the legitimacy** of any recovery services before engaging.
- **Avoid sharing personal information** or sending funds to unknown entities.
- **Educate yourself** about common scams and stay informed about the latest fraud tactics.

By staying informed and cautious, investors can better navigate the often treacherous waters of cryptocurrency investing and avoid falling victim to fraudsters.

![FBI Seizes Fraud Websites](https://news.bitcoin.com/images/uploads/logo-light.svg)

Polygon's Major Leap: MATIC Transitions to POL - What You Need to Know!

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Other Latest News

Trump's Bold Move into Cryptocurrency: What You Need to Know!

Billionaire Michael Saylor Predicts Bitcoin Could Skyrocket to $13 Million: Is It Possible?

Is a Bitcoin Surge on the Horizon? Experts Predict Thrilling Weeks Ahead for BTC!

MoonPay Expands Horizons: Digital Currency Exchange Services Now Available in Australia!

Bitcoin Faces Turbulence Ahead of Fed's Anticipated Rate Cut – What It Means for Investors

Russia's Ambitious Digital Ruble Project: Launching by July 2025

FBI Cracks Down on Crypto Recovery Scams: What You Need to Know!

Other Latest News

Trump's Bold Move into Cryptocurrency: What You Need to Know!

Billionaire Michael Saylor Predicts Bitcoin Could Skyrocket to $13 Million: Is It Possible?

Is a Bitcoin Surge on the Horizon? Experts Predict Thrilling Weeks Ahead for BTC!

MoonPay Expands Horizons: Digital Currency Exchange Services Now Available in Australia!

Bitcoin Faces Turbulence Ahead of Fed's Anticipated Rate Cut – What It Means for Investors

Russia's Ambitious Digital Ruble Project: Launching by July 2025

FBI Cracks Down on Crypto Recovery Scams: What You Need to Know!