Retired artist Ed Suman lost over $2 million in cryptocurrency after falling victim to a Coinbase impersonation scam. Suman, known for his work in the art world, was targeted by scammers posing as Coinbase support. Despite using a hardware wallet for security, he was convinced to reveal his seed phrase, resulting in the loss of his entire crypto portfolio. In other news, Moody’s downgraded the US credit rating due to increasing deficits and national debt. On a more positive note, analyst Scott Melker predicts Bitcoin could reach $250,000 by 2025, citing institutional interest and reduced volatility as driving factors. Melker believes that as more institutional money enters the market, Bitcoin's volatility will decrease, making it a more stable investment option. Read more AI-generated news on: https://app.chaingpt.org/news

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