Bitcoin has lost the $100,000 support. According to Andragnes, “it is time to be strategic with reserves.” The fall of bitcoin (BTC) below $100,000 may set off alarm bells for some investors. Others, however, who understand the potential of bitcoin in the medium and long term, see it as a good purchasing opportunity. Among these … Read more
“We are at the beginning of corporate adoption of BTC,” says Bitwise managing director. The size of corporate BTC treasuries has grown 112% in one year. Corporate adoption of bitcoin (BTC) as a strategic reserve asset has grown steadily, doubling in a matter of a year, according to data from investment firm Bitwise. According to … Read more
Officials from Brazil, Argentina and Chile advocate diversifying national reserves through BTC. Some announcements could be made without a thorough understanding of the economic implications. In July 2024, US Senator Cynthia Lummis introduced an initiative to establish a national treasury backed by Bitcoin. The proposal, sponsored by Donald Trump, became one of the main promises … Read more
The governor of the Central Bank of the Czech Republic, Aleš Michl, spoke during an interview about the possibility of adopting bitcoin as a strategic treasury currency. This statement comes amid the boom that the issue has experienced in recent weeks. Michael mentioned what considers BTC as a suitable asset to diversify the country’s reservesbut … Read more
The US Treasury would be empowered to monitor and audit the bitcoin reserve. Currently the Treasury has reserves of different financial assets, such as bonds and cash. The formation of a strategic reserve of bitcoin (BTC) in the United States seems to be an imminent policy, which will be carried out by President-elect Donald Trump, … Read more
Currently, Chilean legislators are promoting a law to create a Bitcoin Strategic Reserve. The news was recently published by local media and spread through social networks. The project is linked to the efforts of Andrés Villagrán, who since 2023 has worked to highlight the benefits of Bitcoin to the Chilean government. Villagrán is a cryptocurrency … Read more
Samofalova believes that the Russian CBDC would not be useful for international payments. He also highlighted the security of BTC, noting that its architecture is almost impenetrable. In an opinion article published in RIA Novosti, Olga Samofalova stated that Bitcoin could become a strategic ally for Moscow in 2025. According to the journalist, Russia needs … Read more
The US and 3 more countries could follow El Salvador with reserves in BTC. Portugal, Madeira and Bolivia in talks to create pilot projects. Amid the growing fascination with holding reserves in bitcoin (BTC) by several countries, the cryptocurrency predictions platform, Polymarket, registered a bet on the possibility of a new country acquiring funds based … Read more
The proposal also includes a digitized version of the Syrian pound. With affordable energy prices, the country is emerging as a good destination to mine BTC. The Syrian Center for Economic Research (SCER), a non-governmental think tank, has drafted a bill that would allow Syria to turn to Bitcoin to rebuild its economy, severely affected … Read more
The Swiss Federal Chancellery reported on December 31, 2024 that it has formally accepted a popular initiative seeking the inclusion of bitcoin (BTC) in the reserves of the Swiss National Bank (SNB). This proposal, promoted by a group of digital currency advocates, aims to strengthen the independence and financial stability of the Central European country. … Read more