21Shares has predicted that Bitcoin’s growing status as a legitimate financial asset will lead other nations, like Argentina, to adopt it as part of their sovereign reserves.
Bitcoin’s slip below $100,000 triggered a wave of panic, leading to $412 million in liquidations on Sunday, December 8.
The National Center for Public Policy Research (NCPPR) has urged Amazon to allocate 5% of its $48 billion cash reserves to Bitcoin, positioning it as a hedge against inflation.
Babylon will facilitate Bitcoin staking for users on the Bitrue platform.
Bitcoin stalls near $100K as market volatility increases. Amid the halt, bears resurface, leading to higher liquidation. However, the growing institutional demand and historical price trends suggest a possible rally to $120K.
The Czech Republic’s new reforms aim to attract businesses, investors, and innovators by fostering a crypto-friendly ecosystem.
By emerging as the largest holder, Bitcoin ETFs now have the chance to attract even more institutional investors, further reinforcing Bitcoin as an asset class.
According to analysts, “BTC funding rates indicate the significant use of leverage… this leaves us susceptible to 2-way volatility.”
Institutional and corporate players are now paying more attention to Bitcoin.
“Some of what is being said, this idea that we should have some kind of national Bitcoin reserve, is crazy,” Summers remarked.
Vancouver’s City Council, led by Mayor Ken Sim, is considering a motion to integrate Bitcoin into the city’s finances, exploring such options as accepting taxes and fees in Bitcoin.
Former PayPal COO and successful tech investor David Sacks has been tapped by President-elect Trump to serve as the White House AI and Cryptocurrency Czar, marking a significant move to position America at the forefront of these emerging technologies.
Semler Scientific expands Bitcoin holdings with a $29.3M purchase of 303 BTC, while its stock surges 149% amid growing institutional crypto adoption and declining exchange supplies.
El Salvador has accumulated 6,128 BTC, buying 1 Bitcoin everyday since November 2022.
Banco Comafi and Argentine Stock Exchanges and Markets (BYMA) announced CEDEARs, allowing investors to invest in crypto via exchange-traded funds.