The blocmates Podcast Friday, Nov 7, LayerZero Buys $10 Million Worth $ZRO
Nov 7, 2025
LayerZero made waves by purchasing $10 million worth of ZRO, calling it mispriced. Ark Invest's Cathie Wood has revised her Bitcoin price target for 2030 down to $1.2 million, citing stablecoin impacts. JPMorgan forecasts Bitcoin could hit $170,000 in the next 6 to 12 months. Tether added nearly 1,000 BTC to its reserves, while Robinhood is contemplating including Bitcoin on its balance sheet. Meanwhile, institutional interest grows as ARK Invest continues buying shares in Bitmine.
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Tether Accumulates Bitcoin At Dip
- Tether added 961 BTC to its reserve wallet, seizing the dip around the $100k level.
- Large stablecoin issuers are actively accumulating Bitcoin as reserves during pullbacks.
Differing Major Price Views On Bitcoin
- ARK lowered its 2030 BTC price target from $1.5M to $1.2M citing stablecoin adoption eating payment use cases.
- JPMorgan projects $170k within 6–12 months, citing Bitcoin's historical undervaluation vs. gold.
Monitor Corporate Bitcoin Balance Sheet Moves
- Watch major custodians and platforms considering balance-sheet Bitcoin purchases as a catalyst for demand.
- Monitor corporate discussions like Robinhood's to anticipate institutional accumulation moves.