Bhutan holds another $886 million worth of Bitcoin, which could introduce more selling pressure, as the country has been mining and holding Bitcoin for over five years.
Bitcoin Regulation news
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election.
The investment manager’s long term model puts BTC’s price at roughly $3 million by 2050.
It’s the first United States university endowment to report holding Bitcoin ETFs, according to Bloomberg.
Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
Co-founder of the Satoshi Action Fund Dennis Porter dubbed the legislation the “Bitcoin rights” bill.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.
As Trump extends his lead over Harris in the prediction markets, BlackRock CEO Larry Fink said it doesn’t matter to Bitcoin who occupies the White House.