Is there more Bitcoin in the market than there should be? That’s the latest debate heating up crypto circles.
Bitcoin pioneer Adam Back stepped in this week to shut down growing claims of “paper Bitcoin” but not everyone is buying his take.
Read on to know what the buzz is all about.
What’s Paper Bitcoin Anyway?
The term “paper Bitcoin” refers to Bitcoin that isn’t backed by actual BTC on the blockchain. Think futures, synthetic assets, or contracts that promise exposure to Bitcoin without ever holding the real thing.
Some in the community believe this “fake” BTC is flooding the market and that it’s one reason Bitcoin’s price hasn’t broken higher, despite strong institutional demand.
Adam Back: “They’re Taking Delivery”
Adam Back, the cypherpunk behind Hashcash and a key figure in Bitcoin’s early history, isn’t convinced.
Taking to social media, he said the idea of paper Bitcoin is overblown especially when large buyers are actually holding their BTC.
“Billions of btc buying price stuck in $100-110k ‘must be paper bitcoin selling’ here’s another paper debunk. The guys buying big ticket amounts of btc are taking delivery: storing with custodians.”
$billions of btc buying price stuck in $100-110k “must be paper bitcoin selling” here’s another paper debunk. the guys buying big ticket amounts of btc are taking delivery: storing with custodians. i know a lot of retail are leaving on exchange, but hard to hide that much paper.
He added that hiding that much extra Bitcoin simply isn’t realistic. If billions of fake BTC were out there, we’d see signs of it.
Not Everyone Agrees
Lawrence Lepard, an investment manager and author, fired back saying the data tells a different story. He pointed to large futures positions as proof that paper Bitcoin does exist.
“It is not hidden. Binance shows $12b of perpetual futures outstanding and worldwide ChatGPT says $30B. That is a lot of paper Bitcoin and that figure has grown rapidly (I monitor it),” Lepard said.
According to him, these numbers represent synthetic BTC that’s impacting the market without ever touching the blockchain.
Yes Adam, but it is not hidden. Binance shows $12b of perpetual futures outstanding and worldwide ChatGPT says $30B. That is a lot of paper Bitcoin and that figure has grown rapidly (I monitor it).
— Lawrence Lepard, “fix the money, fix the world” (@LawrenceLepard) June 28, 2025
Why This Debate Matters
This argument is about how Bitcoin’s price is being shaped in real time. If the market is full of paper Bitcoin, it could be muting real demand. If not, then something else is keeping the price in check.
For now, the community remains split. But as Bitcoin continues to hover near key levels, questions around what’s real and what’s not aren’t going away anytime soon.
After much wait, Paul Atkins has finally been sworn in as the new US SEC Chairman and is believed to bring better regulatory and supportive decisions related to the cryptocurrency ecosystem. Although his responsibilities are not limited to this industry, the focus is definitely on it, aligning with Donald Trump’s vision to make America the crypto capital. Before that takes shape, let’s discuss the top five facts to know about the new SEC Chair.
5 Not-to-Miss Facts About Paul Atkins
Paul Atkins, a 67-year-old American businessman and father of two, is the 34th SEC Chairman after having sworn on April 22, 2025. The current U.S. President, Donald Trump, nominated him for the SEC Chairman role. And after the Senate’s approval, he is replacing the acting chairman, Mark Udeya, since Gary Gensler resigned.
Interestingly, he has worked with the SEC before, as the commissioner of the U.S. Securities and Exchange Commission from July 9, 2002, to August 2008, where he served with Christopher Cox, William H. Donaldson, and Chairman Harvey Pitt.
He is a pro-crypto supporter and has a history of working with various Fintech companies. His support for the industry was also made clear during the ceremony, as Atkins proclaimed Bitcoin and crypto as top priorities.
Interestingly, he began his career as a Lawyer after studying at Vanderbilt University School of Law in 1983. Here, he worked on a vast array of corporate transactions, public and private offerings, mergers, and much more.
His experience in government and the fintech industries is seen as a positive catalyst for introducing and maintaining regulations.
Paul Atkins News: What to Expect From The New SEC Chairman?
Even before joining the SEC, Paul Atkins has been quite vocal about his focus once he gains the position. Atkins has pledged to maintain a fair, orderly, and efficient market while ensuring investor protection.
As I return to the SEC, I am pleased to join with my fellow Commissioners and the agency’s dedicated professionals to advance its mission to facilitate capital formation; maintain fair, orderly, and efficient markets; and protect investors.
He is expected to strengthen and simulate the regulatory developments of the industry, beginning with joining the upcoming crypto roundtable meetings. More importantly, better conclusions on the Ripple vs SEC could come out due to his influence.
Additionally, more than 17 crypto ETFs are awaiting the SEC’s attention and potential approval that Atkins needs to address immediately. Overall, there are many legal battles and regulatory developments in process, which will be under his care now.
XRP has recently broken out from a multi-month descending wedge, signaling a potential reversal after the largest downtrend of 2025. Trading at $2.22, the cryptocurrency appears to be entering a new phase of bullish momentum.
This shift could mark the end of the persistent price decline that started in January, setting the stage for further growth.
XRP Holders Are Holding On
The dominance of short-term holders has significantly declined, indicating a positive shift in market dynamics for XRP. According to the HODL waves, the supply held by investors holding between 1 and 3 months has dropped from 12% to 6% in the span of two months.
This shift suggests that more short-term holders have transitioned into mid-term holders, reducing the likelihood of immediate sell-offs. This maturation of holdings is a positive sign, as it indicates more stability and less selling pressure in the short term stemming from confidence in price recovery.
XRP’s macro momentum is showing promising signs as the cryptocurrency pulls away from a potential Death Cross, which could have signaled a significant decline in price. The 50-day Exponential Moving Average (EMA) is currently trending upward, providing support for XRP as it moves away from bearish territory. The candlesticks are also positioned above the 50-day EMA, signaling that the altcoin is gaining strength and may continue its upward movement.
The pullback from the Death Cross and the upward movement of the 50-day EMA provide technical evidence that XRP’s price could continue to rise. This shifting momentum, combined with improving market sentiment, suggests that XRP is setting itself up for a potential rally. Investors will closely watch these indicators as signs of further recovery.
XRP is currently trading at $2.22, breaking out of a near 5-month-long descending wedge. If this breakout continues, it will mark the end of the largest downtrend of the year, which started in January. The next key resistance is at $2.38, and a successful breakout above this level could signal further upward movement for XRP.
If XRP maintains its current bullish trajectory, the altcoin could rise to $2.56 after breaking through the $2.38 resistance. Flipping $2.56 into support would further confirm the breakout and indicate that XRP is entering a more sustained phase of growth. This would set the stage for continued price appreciation.
However, if XRP fails to break the $2.38 resistance, the price could fall back to $2.02. Losing the $2.16 support level would invalidate the bullish thesis, signaling a potential reversal in sentiment and a resumption of the downtrend. The next few days will be crucial in determining whether XRP can maintain its upward momentum or face further declines.
Dogecoin price may reach a maximum of $1.07 in 2025.
With a potential surge, the DOGE price may achieve its $3 mark in 2030.
Dogecoin, the memecoin category leader, has been surfing the rough tides of the market. Amidst the turn of events, marketers are hoping for it to match its June 2021 high.
As the underlying dynamics shift amid broader market volatility, investors have started wondering, “Will Dogecoin reach $1?” to “Will Dogecoin go up?” Are you wondering the same? Worry not.
Coinpedia’s Dogecoin price prediction 2025 to 2030 will clear all such doubts. Look at this well-researched and detailed DOGE price prediction for the upcoming moves.
With Elon Musk leading the D.O.G.E department with Vivek Ramaswamy in Donald Trump’s 2.0 administration, the DOGE price is projected to jump back toward its 2021 levels.
If the FOMO around Dogecoin continues to grow and if influencers promote the coin, then its price could reach $1.07. However, if Dogecoin cannot maintain its current growth rate, its price will likely average out at $0.84 in a highly competitive market.
On the other hand, if Dogecoin fails to stay relevant in 2025, the price of DOGE can plunge to a low of $0.62.
Based on the historic market sentiments, and trend analysis of the altcoin, here are the possible Dogecoin price targets for the longer time frames.
Year
Potential Low ($)
Potential Average ($)
Potential High ($)
2031
3.01
3.49
3.98
2032
3.79
4.47
5.16
2033
4.96
5.87
6.79
2040
14.22
19.62
25.02
2050
54.99
104.95
154.91
Market Analysis
Firm Name
2025
2026
2030
Changelly
$0.321
$0.286
$1.22
Coincodex
$0.456
$0.313
$0.729
Binance
$0.327
$0.343
$0.417
CoinPedia’s DOGE Price Prediction
According to CoinPedia’s formulated Dogecoin price projections for 2025, if the trading volume of Dogecoin rises, then we can expect the DOGE price to surge to $1.07 as the year ends.
On the other hand, if the market is hit again by external forces like regulations or negative statements by influencers. Hence, the meme coin might trade at a potential low of $0.62.
We expect the DOGE price to reach a new swing high of $1.07 by the end of 2025.
Year
Potential Low
Potential Average
Potential High
2025
$0.62
$0.84
$1.07
Can DOGE Break the $1 Barrier?
Given DOGE’s success, largely driven by hype with some technical progress, crossing $1 by 2025 remains a realistic possibility. A sustained media frenzy and growing endorsement deals could maintain bullish momentum. Expanded merchant adoption would also strengthen confidence in its long-term viability.
Dogecoin’s Tokenomics and Long-Term Outlook
The future of Dogecoin hinges on its utility. Meme popularity alone may not sustain it indefinitely, but advancements in transaction fees, speed, and business collaborations could help it thrive as a mainstream digital currency. Its large and passionate community will likely continue to drive positive evolution.
Conclusion
Given Dogecoin’s past price behavior, driven largely by online hype and media coverage, it has the potential to reach over $1 in 2025. DOGE has shown remarkable resilience, and key factors like expanded merchant adoption, community growth, and protocol upgrades could enhance its viability.
According to our DOGE price prediction, the meme coin might hit a maximum of $1.07 in 2025.
How much is Dogecoin worth today?
At the time of writing, the Dogecoin value was $0.2027.
How high can the DOGE price go by the end of 2030?
With a potential surge, the price may go as high as $3.03 by 2030.
Is Dogecoin a good investment?
Yes, Dogecoin might definitely be a good investment, if you are looking to invest for the long term.
Is Dogecoin dead?
No, Dogecoin is not dead right now, the peaks and troughs are normal in the cryptocurrency industry. Major announcements and happenings will eventually drive the price.
What is Dogecoin used for?
Dogecoin was developed as a digital form of payment system, similar to Bitcoin or Litecoin.
How much would the price of Dogecoin be in 2040?
As per our latest DOGE price analysis, this memecoin could reach a maximum price of $25.02.
How much will the DOGE coin price be in 2050?
By 2050, a single Dogecoin price could go as high as $154.91.
The post Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1? appeared first on Coinpedia Fintech News
Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum of $1.07 in 2025. With a potential surge, the DOGE price may achieve its $3 mark in 2030. Dogecoin, the memecoin category leader, has been surfing the rough tides of the market. Amidst the turn of events, marketers are hoping …
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