The latest issue of XEROF's weekly newsletter is now available. Dive into this edition for the most recent insights on digital currencies from our European research team, as well as highlights from the world of luxury real estate.
This week's top cryptoasset headlines are:
- Keiser Predicts $220K Bitcoin Price Surge Amid Inflation Concerns
- Long-Term Bitcoin Holders Bolster Support Above $27,000
- New Meme Kombat Raises $300,000 During Pre-Sale
We also cover the most recent developments in high-end living, such as:
- New York City Real Estate Market Surges with 300% Increase in $20M+ Home Sales
- Anticipating Market Growth: Mumbai's Latest Real Estate Statistics
- High-End Home Sales Outshine Affordable Segment in India
Keiser Predicts $220K Bitcoin Price Surge Amid Inflation Concerns
Max Keiser, a Bitcoin advocate and cryptoasset advisor to El Salvador's President, took to X to tweet about a rapid Bitcoin price surge to $220,000. His projection aligns with a growing trend of bullish predictions driven by concerns about inflation. XEROF remarks that although Keiser’s forecast is optimistic, other industry players echo the same sentiment, with some suggesting that the government may use "money printing" to rescue the bond market, triggering a meteoric rise in Bitcoin and other cryptoassets.
Long-Term Bitcoin Holders Bolster Support Above $27,000
Bitcoin advanced 1.3% as traditional markets stabilised and cryptoasset markets settled following Monday's sharp surge. The leading digital currency, with the largest market capitalisation, was trading at approximately $27,700. Last week, BTC briefly surpassed $28,000 before reducing some gains. XEROF observed on Wednesday that BTC had broken free from its summer downtrend and established support at the $27,000 level. This was partly due to long-term holders buying into a sell-off from the short-term holder cohort.
New Meme Kombat Raises $300,000 During Pre-Sale
Meme Kombat has experienced remarkable success at its pre-sale; the meme coin raised over $300,000 by selling its $MK token within just one week. The project is developing an AI-driven game that bridges the realms of web3 GameFi and GambleFi. Unlike Dogecoin, Meme Kombat allows users to stake their assets (with a 112% APY) for a passive income stream, as noted by XEROF.
Luxury Real Estate News
New York City Real Estate Market Surges with 300% Increase in $20M+ Home Sales
New York City's real estate market is seeing an unprecedented surge, as sales of properties valued at $20 million and higher have soared by 300% this year. Luxury transactions have also shown a solid quarterly increase of 23.6%, underscoring the enduring appeal of high-end properties to affluent buyers. In addition, according to a recent study by Bloomberg, Manhattan is witnessing a notable uptick in attention from international property buyers.
Anticipating Market Growth: Mumbai's Latest Real Estate Statistics
According to statistics from the Maharashtra Real Estate Regulatory Authority (MahaRERA), Mumbai's real estate market witnessed a significant increase in daily property unit launches during the first half of 2023. There were daily launches of about 150 real estate units on average. By 2022, it had almost doubled, rising to about 200 units per day. Before the COVID pandemic, 100 unit launches per day were made. The increase in real estate launches suggests that market stability and growth will continue through 2024.
High-End Home Sales Outshine Affordable Segment in India
In the July-September quarter, a significant development emerged in the Indian real estate sector. For the first time, sales of high-end homes outpaced demand in the affordable housing segment. Knight Frank India reports that rising home loan interest rates have disproportionately affected the lower end of the market. The mid to upper end, in contrast, relies less on mortgages, pointing to a market shift toward higher-value properties.
XEROF is a Swiss-licensed Crypto Gateway that offers exchange services for customers who possess crypto wallets and want to use them as fiat currency to purchase real estate properties and luxury goods.Learn more about XEROF