Unlike gold, bitcoin shows low correlation with inflation. There would still be a long way to go before bitcoin became a means of payment and a mass unit of account. Bernstein, an investment management firm, stated that bitcoin could replace gold as the main store of value asset in the next ten years. Gautam Chhugani, … Read more
On December 5, automotive accessories company Worksport announced the creation of a bitcoin (BTC)-based strategic reserve, with the additional inclusion of Ripple’s cryptocurrency XRP, as part of its treasury strategy. According to the information revealed, Worksport’s Board of Directors approved the acquisition up to $5 million in bitcoin and XRP. This purchase is limited to … Read more
From Chile they maintain that the reserves must meet high security criteria. In this way, they differ from countries like Brazil and the United States. In contrast to the debates currently occupying congressmen in Brazil and the United States, in Chile the idea of establishing a strategic bitcoin reserve has been categorically rejected. The Central … Read more
The creation of reserves in bitcoin is promoted by Michael Saylor and American politics Currently, only 0.01% of publicly traded companies hold bitcoin. During the almost-ended month of November, a total of 10 companies announced the creation of their own strategic reserves of bitcoin (BTC). Mostly influenced by US politics, as well as the example … Read more
Ken Sim, mayor of Vancouver since 2022, recently announced a plan to use bitcoin as a reserve asset. The proposal was presented during the municipal council meeting on November 26, under the title “Preserving the city’s purchasing power through diversification of financial resources: becoming a Bitcoin-friendly city.” Currently, this meeting is available on the city … Read more
The reserve would be called RESBit and the objective is to “diversify the Treasury’s financial assets. The project provides for the planned acquisition of BTC with up to 5% of international reserves. Brazilian deputy Eros Biondini presented a bill for the creation of a sovereign strategic reserve of bitcoin (BTC) by the federal government, called … Read more
Rumble, a streaming platform that competes directly with YouTube, announced the approval of a strategic bitcoin (BTC) reserve, which involves allocating part of the company’s excess cash reserves to BTC purchases. This platform, known for allowing greater freedom regarding censorship, considers bitcoin to be “a valuable tool for strategic planning and is designed to accelerate … Read more
So far, MicroStrategy accumulates 386,700 BTC. The company invested $5.4 billion in the purchase announced this Monday. This Monday, November 25, MicroStrategy announced a new acquisition of 55,500 bitcoin (BTC). The company invested $5.4 billion in this purchase, with an average price of $97,862 per BTC. As of November 24, 2024, MicroStrategy accumulates 386,700 BTC, … Read more
The organization has already held talks with a Texas congressman. Thanks to its robust economy, the region has the potential to influence bitcoin adoption. Dennis Porter, CEO of the Satoshi Action Fund (SAF), recently spoke at the Texas Blockchain Council about his proposal to create a strategic bitcoin reserve in the area. During his speech, … Read more
Cryptocurrency adoption continues to rise in Argentina due to several years of high inflation. The project seeks to allow the BCRA to decide how much of its reserves it will store in bitcoin. Argentine deputy Martín Yeza used the social network The congressman, a member of the Republican Proposal (PRO) party, has presented the initiative … Read more