In an interview, Marc Boiron, CEO of Polygon Labs, expressed his belief that Bitcoin (BTC) will reach $250,000 in the long term despite short-term market fluctuations. Boiron argued that Bitcoin's fixed supply and growing demand make it a straightforward asset to understand and predict. He also suggested that upcoming regulations could decrease the downside risk of investing in Bitcoin. Meanwhile, crypto prices experienced a dip after a hacker attack on crypto exchange Bybit resulted in the loss of almost $1.5 billion. Bitcoin fell to less than $97,000 after the attack, but it has since risen to $96,581. Ether, on the other hand, dropped by nearly 4% before recovering and showing a 5% rise in the last 24 hours.



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