The **Bitcoin price trajectory** in September is at a **critical juncture**, with potential to unfold in **two distinct directions**. After closing August on a **bearish note**, Bitcoin has shown signs of **weakness** as the month began, edging further into **bearish territory**. This could indicate a **prolonged period of capitulation**, but given the nature of BTC, there’s also a chance for a **rebound** mid-month.

## Bitcoin Trajectory In September

According to well-known analyst **Titan of Crypto** (@Washigorira), there are **two primary scenarios** for Bitcoin this month:

1. **Surprising Rally**: Bitcoin could initiate a **significant price surge**, breaking through the **upper trendline** of a **bullish expanding triangle**. This breakout could lead to a potential **new all-time high**, with price targets reaching **$150,000 by Q1 2025**.

   ![Bitcoin September](https://bitcoinist.com/wp-content/uploads/2024/09/Bitcoin-September.png?w=512&resize=512%2C336)  
   *Source: X*

2. **Capitulation Phase**: Alternatively, Bitcoin may continue its **downward trend** and potentially dip below **$50,000**, retesting its **August low** of **$49,800**. While this scenario appears bearish, it predicts a **reversal** leading to a **bullish rally** in Q4 2024, with a target of **$100,000**.

At the time of writing, Bitcoin is trading at **$56,716**.

![BTC price chart](https://www.tradingview.com/x/aWVPO3Xk/)  
*BTC price at $56,000 | Source: [Tradingview.com](http://tradingview.com/)*

The Bitcoin price trajectory in September appears to be at a critical juncture and it carries the potential of unfolding in two very different directions.

Bitcoin's September Showdown: Two Paths Ahead for the Cryptocurrency

There’s an old adage in crypto investing: **Bitcoin sets the direction but not the pace**. When Bitcoin's price rises, trending altcoins tend to increase but often by a greater percentage. Conversely, if Bitcoin's price falls, altcoins usually drop but less significantly.

## Bitcoin (BTC): Ready for a Breakout
The Bitcoin price is currently a **slumbering beast**, hovering just under $65k. Many analysts, including Coincodex, predict that Bitcoin will reach its **all-time high (ATH)** soon, potentially within the next month. If Bitcoin is set to rise by **100% in the next six months**, one must consider the implications for trending altcoins.

## Rollblock (RBLK): The Presale Token to Watch
[Rollblock](https://presale.rollblock.io/) (RBLK) is quickly gaining traction as one of the **most promising altcoins**. With over **$4 million in liquidity** and tokens priced at just **$0.03**, Rollblock is positioned for significant returns. Its unique **GambleFi platform** merges online gaming with blockchain technology, providing both growth potential and passive income through revenue sharing.

In a bullish market, altcoins like Rollblock are likely to outpace Bitcoin, making it a prime opportunity for investors.

## Shiba Inu (SHIB): Keeping Up with Bitcoin
Shiba Inu remains a strong meme coin with a market cap of **$11 billion**, but its days of explosive returns seem over. While it will likely keep pace with Bitcoin and may slightly outperform it, significant gains are not expected. Shiba Inu's performance is anticipated to be steady, with only minor spikes.

## XRP (XRP): Uncertainty Ahead
XRP is currently facing challenges due to Gary Gensler's motion to appeal a court ruling against the SEC. This prolonged legal battle keeps XRP's price in a state of uncertainty. If XRP wins, it has the potential to **outpace Bitcoin significantly**, but a loss could hinder its recovery.

The landscape for these altcoins is mixed, with **Rollblock** being the most promising option for investors looking for substantial gains. 

**Discover the exciting opportunities of the Rollblock (RBLK) presale today!**

**Website**: [Rollblock Presale](https://presale.rollblock.io/)
**Socials**: [Rollblock Socials](https://linktr.ee/rollblockcasino)

There’s an old adage in crypto investing: Bitcoin sets the direction but not the pace. If Bitcoin price goes up, trending altcoins will increase but be higher. If the Bitcoin price falls, the trending altcoins fall, but lower.

Crypto Experts Predict This Altcoin Will Surpass Bitcoin, Shiba Inu, and XRP – Here’s Why!

### New Claims About Bitcoin's Creator

A **new HBO documentary** has made waves by claiming that **Canadian developer Peter Todd** is the elusive Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Filmmaker **Cullen Hoback** presents a compelling narrative that combines old and new evidence, leading to confrontations with Todd and **Adam Back**, another individual long suspected of being Satoshi.

![Peter Todd](https://www.politico.eu/cdn-cgi/image/width=1160,height=653,quality=80,onerror=redirect,format=auto/wp-content/uploads/2024/10/09/peter-todd.jpeg)

In a pivotal moment of the documentary, Hoback challenges Todd by asking, "It seems like you had these deep insights into bitcoin at the time?" To which Todd responds, **"Well, yeah, I'm Satoshi Nakamoto.”** However, this statement might not be as definitive as it sounds. Todd has a history of declaring, **“Of course, I’m not Satoshi,”** suggesting his earlier claims may have been made in jest or as a nod to the creator's desire for privacy.

### The Implications of Todd's Identity

If Todd were indeed recognized as Bitcoin's creator, it would put an end to over a decade of speculation surrounding Satoshi's identity—a mystery that has fueled a **multibillion-dollar cryptocurrency market**. Todd, known for his contributions to Bitcoin and his interactions with Satoshi before their withdrawal from online forums in 2010, is well-known in the crypto community, though not typically seen as a prime suspect.

### Expert Opinions on the Documentary

**Nic Carter**, a founding partner at Castle Island Ventures, remarked on Todd's technical significance within the Bitcoin community. Despite his expertise, many remain skeptical of the claims made in the documentary. **Jameson Lopp**, co-founder of the Bitcoin company Casa, expressed doubt about the theory, suggesting that Satoshi's deep expertise in cryptography makes Todd an unlikely candidate. Lopp tweeted, **“Wherever Satoshi may be, I like to think they’re having a laugh at this latest round of foolishness.”**

### A Lasting Mystery

The true identity of Satoshi Nakamoto remains one of the greatest mysteries in history. As Carter noted, **“The fact that Satoshi successfully pulled this off—it really is magical. I personally hope we never find out who Satoshi is.”**

*This article has been updated to include additional reactions to the documentary's revelations.*

Documentary claims a Canadian developer is the real Satoshi Nakamoto.

Could Peter Todd Really Be Satoshi Nakamoto? HBO Documentary Sparks Controversy

### Massachusetts AG's Bold Move Against TikTok

Massachusetts Attorney General **Andrea Campbell** has filed a **lawsuit** against the popular social media app **TikTok**, alleging that the platform is designed to make young users **addicted** while falsely marketing itself as safe. 

![TikTok on Phone](https://bdc2020.o0bc.com/wp-content/uploads/2024/10/Pakistan_Social_Media_41408-6705c3093ae9e-768x432.jpg)
*AP Photo/Anjum Naveed*

Campbell is joined by Attorneys General from **12 states** and the **District of Columbia** in this legal battle against **TikTok Inc.**, its parent company **ByteDance Inc.**, and other related entities. The **109-page lawsuit** accuses TikTok of knowingly harming young users through an **addictive framework** and inadequate support.

Campbell stated, “**Massachusetts will not tolerate a future where companies exploit the vulnerabilities of young people for profit.**” The lawsuit claims TikTok's operations are focused on **hooking users** to maximize profit, employing tactics described as **“coercive design”** to keep users engaged for extended periods.

### Mental and Physical Harms: Details of the Lawsuit

The lawsuit outlines how TikTok’s design features—such as **push notifications, infinite scroll, autoplay**, and visible social validation metrics—target young users’ vulnerabilities, overriding their ability to exit the app. According to the suit, TikTok's own records indicate that its platform induces various **negative health impacts**, including **disrupted sleep, depression**, and **increased anxiety**.

Prosecutors argue that TikTok misrepresents its platform as safe, while internally developing practices that encourage **addictive use**. The suit asserts, “The hundreds of thousands of Massachusetts youth spending excessive hours of time on TikTok’s platform are being subjected to mental and physical harms.”

### TikTok's Response to the Lawsuit

In response, TikTok denied all allegations, labeling many claims as **inaccurate and misleading**. A TikTok representative emphasized their commitment to protecting teens and highlighted features such as **default screen time limits** and **privacy settings** for younger users. TikTok has expressed disappointment in the lawsuit, claiming they have been working cooperatively with various Attorneys General for two years.

Earlier, President **Joe Biden** signed a bill that could lead to a ban on TikTok in the U.S. if its China-based parent company does not divest from the app. The lawsuit notes that TikTok itself acknowledges the existence of **coercive design features** that are **manipulative** and do not support users' intentions.

TikTok purposely designing its platform to make young users addicted, a group of AGs allege in a new lawsuit.

Massachusetts AG Takes a Stand: TikTok's Alleged Exploitation of Young Users Under Fire

## Dear Lizzy

I noticed recently that an **old friend from college** seems to be **hawking crypto** on her Facebook page. Part of me wants to message her and ask, **"Are you OK and for real?"**

I don’t think her Facebook page has been hacked, unless there’s some way to create a very convincing photo of her holding a diploma from some … **crypto institute**? She’s posting **client success stories** in a way that makes me think she’s involved in a **multilevel marketing scam**.

Is this a thing? Should I reach out and ask if she’s OK? Or should I invest?

## Dear Facebook Friend,

The fact that I can still learn about something completely new at age 42 is exciting, even if that thing is **cryptocurrency MLMs**. 

I’ve done some light Googling and it seems like yes, your friend could have been hacked, or she might have received a **certification** from a website that certifies people as **"Bitcoin professionals."**

**Is it a scam?** Reports vary. Some Reddit users think so, and it does sound pretty scammy to me. There is, however, a real company with a legitimate website that provides these certificates and has a **64% rating from ScamAdvisor**, which may or may not be a scam itself.

I’m not a financial expert, but I do know about social media and human relationships. If you’re close enough with this person to contact them outside of Facebook, a **"Hi! How are you doing?"** message might be warranted. You could even add, **"Just wanted to check and see if your Facebook account was hacked!"**

This is something you shouldn’t message on Facebook, however, because if it was hacked, you might end up conversing with the hacker, which is always weird and potentially dangerous.

If you aren’t close enough to have another way to communicate, let it go. 

I’ve seen many people slip into selling various products on social media – **shakes, leggings, essential oils**. Maybe crypto is next. Either way, I wouldn’t buy into it. I wouldn’t buy anything over Facebook unless it’s **Facebook Marketplace**, and even then, deal in cash. 

Social media is still a wild place, so be careful out there. Good luck!

**Lizzy**

I think my friend is involved in a crypto MLM scam.

Is Your Friend Selling Bitcoin on Facebook or Is Something Fishy Going On? Find Out!

Since **Bitcoin’s inception in 2009**, the true identity of its founder, **Satoshi Nakamoto**, has remained a mystery. However, a new **HBO documentary**, airing in 2024, titled **"Money Electric: The Bitcoin Mystery"**, claims to have solved this enigma with the help of acclaimed director **Cullen Hoback**, known for his previous work on the **QAnon conspiracy**.  

Whether this documentary will provide **definitive proof** where **other attempts have failed** remains to be seen, but it has the potential to significantly impact **Bitcoin’s price**.  

Interestingly, speculation is rife about who HBO will reveal as Bitcoin’s founder. Betting site **Polymarket** indicates that **Len Sassaman**, an early cryptographer, is the favorite with **24% odds**. Other notable names in the mix include **Hal Finney**, **Adam Back**, and **Nick Szabo**.  

![Source: Polymarket](https://s.yimg.com/ny/api/res/1.2/DxCFFnsOQ5853B_XdtevTQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM3ODtjZj13ZWJw/https://media.zenfs.com/en/thestreet_881/4f976e6263f67f680c49fa1e7e403b03)  

However, many in the crypto community remain skeptical about any **new identifying information**, especially given that **Satoshi's original Bitcoin wallet**, containing over **1 million Bitcoin**, hasn’t been active for more than a decade.  

Adding to the intrigue, recent reports from **Arkham Intelligence** have indicated movements from ancient Bitcoin wallets, including a wallet that transferred about **$5 million in Bitcoin** to **Kraken**, raising questions about potential ties to the upcoming documentary reveal.  

**HBO's documentary "Money Electric: The Bitcoin Mystery" premieres Tuesday at 9PM EST.**

A new HBO documentary airing Tuesday seeks to reveal the identity of Bitcoin's founder Satoshi Nakamoto

Unveiling the Mystery: HBO Claims to Identify Bitcoin's Elusive Founder

### Solana's Bright Future
According to **Standard Chartered**, **Solana (SOL)** is expected to **outperform Ethereum (ETH)** and Bitcoin (BTC) by 2025, particularly if **Donald Trump** wins the upcoming U.S. presidential election. The bank predicts a **fivefold increase** in SOL’s price under this scenario.

### Bitcoin's Promising Prediction
In a separate projection, **Bitcoin** is anticipated to reach **$200,000** by the end of 2025, regardless of the election outcome. This optimistic forecast is based on new valuation metrics for layer-1 blockchains.

### Valuation Insights
Geoffrey Kendrick, the **Global Head of Digital Assets Research** at Standard Chartered, noted that Solana is currently valued at **250x** based on its market cap-to-fees ratio, compared to **121x** for Ethereum. This suggests that the market expects significant growth for Solana, with a projected **100-400x** increase in throughput in the coming years.

### Impact of Election Outcomes
Kendrick elaborated on different scenarios depending on the election results:
- **If Trump wins**: SOL will outperform ETH, and ETH will outperform BTC. Projections include a **5x increase for SOL**, a **4x increase for ETH**, and a **3x increase for BTC** by 2025.
- **If Kamala Harris wins**: The dynamic shifts to BTC outperforming ETH, and ETH outperforming SOL.

### Ethereum Price Targets
Specific price targets were also shared for Ethereum, estimating it could reach **$10,000** under a Trump administration and **$7,000** under a Harris administration.

This analysis underscores how significantly political outcomes can influence the cryptocurrency market, highlighting the **interconnectedness** of digital assets and geopolitical events.

The bank also predicted that Bitcoin will hit $200,000 by the end of 2025, regardless of who wins the U.S. Presidential election.

Could Solana Surpass Bitcoin and Ethereum by 2025? Insights from Standard Chartered

Bitcoin has always attracted the outsiders, the outcasts, and the unconventional. From the earliest days, eccentric geniuses, visionaries, and big-brain thinkers were drawn to Bitcoin like moths to a flame. As their numbers swelled, mavericks like Roger Ver, Adam Back, and Charlie Shrem were joined by suited investors such as Tim Draper, all of whom saw the upside to Bitcoin and the underlying technology it’s built upon.

In the decade since those founding fathers first staked their claim in Bitcoin’s uncharted lands – and were handsomely rewarded for their foresight – the trickle of prospectors has become a torrent. Today, it’s an asset class accessed by hundreds of millions of investors, ranging from housewives to high-flying execs. But despite accessing the same underlying asset – Bitcoin – these entities go about doing so in very different ways. For Wall Street firms, this has primarily meant going down the ETF route and this year they’ve done that in their droves.

## The Rise of the Spot Bitcoin ETF
The idea of a Bitcoin ETF is almost as old as Bitcoin itself. Since as early as 2013, the notion has been floated, with advocates of the Winklevoss twins, founders of Gemini Exchange, among the first to submit an application to the SEC. However, the agency proceeded to reject multiple Bitcoin ETF applications over the following years due to concerns about market manipulation, liquidity, and the maturity of cryptocurrency markets.

While futures-based Bitcoin ETFs were approved by the SEC in late 2021, it wasn’t until early 2024 that the first spot ETF was given the green light. It’s thus taken a decade for Bitcoin to achieve global recognition, maturity, and liquidity to convince regulators that it is a viable alternative asset that warrants being made available in ETF form to institutions.

On a recent episode of [The VALR Podcast](https://108.181.54.41/watch?si=YIRvB-6s5BOzXzMV&t=1177&v=OoqGysCKsh8&feature=youtu.be), Eric Balchinas, Senior ETF Analyst at Bloomberg, reflected on the magnitude of getting a Bitcoin spot ETF over the line at last. Hosted by global crypto exchange VALR, the podcast covers all aspects of the crypto landscape, from stablecoins to futures trading.

In the October 7 episode, the pros, cons, and controversies surrounding crypto ETFs were thoroughly explored, with Eric Balchinas reflecting: “The Bitcoin ETFs took 11 [years], and it was crazy. I'd never seen anything like it. Obviously, the SEC just wasn't into it….[The SEC] finally approved them because they got sued…and when it came out…it was like a pressure buildup that had been popped and the money came in fast and furious.”

Following the landmark ruling, an impressive 10 ETFs were launched on the same day including GBTC which converted its fund to an ETF. The dam had broken, and ever since then Bitcoin and institutions haven’t looked back.

## 1 Million BTC Milestone Looms
The approval of the first spot Bitcoin ETF opened a floodgate through which hundreds of billions of dollars of institutional capital has subsequently flowed. As of early October, the 10 regulated US spot Bitcoin ETFs have accrued [more than](https://108.181.54.41/lookonchain/status/1843333474692046925?__cpo=aHR0cHM6Ly94LmNvbQ) 922,000 BTC and are on course to hit the 1M mark before the end of the year. On a typical day, Bitcoin ETFs record an average inflow of $50M, and with BTC [up 124%](https://108.181.54.41/crypto/bitcoin/?__cpo=aHR0cHM6Ly9jb2luY29kZXguY29t) in a year, it’s proven a shrewd investment for firms that took up a position at the earliest opportunity and kept adding to it.

Once the Bitcoin spot ETF was in the bag, it was inevitable that institutions would begin pushing for greater exposure to the broader crypto market starting with the approval of spot ETFs for other leading cryptos such as SOL and ETH. In July, the first ETH ETFs [began trading](https://108.181.54.41/230228/ethereum-etfs-approved-us?__cpo=aHR0cHM6Ly9kZWNyeXB0LmNv) in the US, and while uptake has been slower than BTC, they’ve also served to bring billions of dollars of institutional capital into the industry.

The convenience of ETFs, which can be bought and sold through any brokerage account, has allowed millions of ordinary investors to gain exposure to BTC without needing to custody the coins. As a result, such individuals can capture the upside to BTC and the broader crypto market without needing to concern themselves with the complexities of managing digital assets.

A number of factors have contributed to BTC’s impressive rise in 2024, including the approval of the ETFs themselves, coupled with a backdrop of rising global tensions, particularly in the Middle East, and persistent inflation, which has strengthened the appeal of alternative assets. It’s no coincidence that gold, which is often bracketed with BTC, has also recently hit an all-time high.

From “magical internet money” shilled by a few early evangelists to a legitimate asset held by pension funds and Wall Street investment firms, Bitcoin has been on quite the journey. Over the last decade, the shady exchanges that served as the prime brokers of BTC have faded into the background or been forced to enact stringent compliance. While centralized exchanges still serve the retail market, for institutional investors today, the gateway to Bitcoin is invariably the ETF.

For institutional investors today, the gateway to Bitcoin is invariably the ETF.

Bitcoin's September Showdown: Two Paths Ahead for the Cryptocurrency

Summary:

Bitcoin Trajectory In September

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Other Latest News

Crypto Experts Predict This Altcoin Will Surpass Bitcoin, Shiba Inu, and XRP – Here’s Why!

Could Peter Todd Really Be Satoshi Nakamoto? HBO Documentary Sparks Controversy

Massachusetts AG Takes a Stand: TikTok's Alleged Exploitation of Young Users Under Fire

Is Your Friend Selling Bitcoin on Facebook or Is Something Fishy Going On? Find Out!

Unveiling the Mystery: HBO Claims to Identify Bitcoin's Elusive Founder

Could Solana Surpass Bitcoin and Ethereum by 2025? Insights from Standard Chartered

Unlocking Bitcoin: How ETFs Opened the Floodgates for Institutional Investment

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Could Peter Todd Really Be Satoshi Nakamoto? HBO Documentary Sparks Controversy

Massachusetts AG Takes a Stand: TikTok's Alleged Exploitation of Young Users Under Fire

Is Your Friend Selling Bitcoin on Facebook or Is Something Fishy Going On? Find Out!

Unveiling the Mystery: HBO Claims to Identify Bitcoin's Elusive Founder

Could Solana Surpass Bitcoin and Ethereum by 2025? Insights from Standard Chartered

Unlocking Bitcoin: How ETFs Opened the Floodgates for Institutional Investment