The Bitcoin Purchase Plan proposed by Senator Cynthia Lummis involves the US buying 200,000 Bitcoin every year for the next five years, resulting in a total accumulation of 1 million BTC.
According to a July 24 statement from the Mt. Gox trustee, repayments in both Bitcoin and Bitcoin cash (BCH) were made to over 17,000 creditors across three separate distributions on July 5, 16, and 24.
Trump’s rival and independent presidential candidate Robert F. Kennedy Jr. has also gained popularity in the crypto sector. During the Bitcoin Conference event, he announced big plans for Bitcoin, including its integration into the US economy.
Later today, Bitcoin investors would be awaiting Jerome Powell’s comments after the Fed meeting as to how are they willing to tackle inflation going ahead.
Bitcoin for Corporation is a strategic partnership designed to deliver comprehensive resources, educational content as well as networking opportunities to support corporate leaders who are making their entry into the Bitcoin ecosystem.
The notable movement of the US government’s Bitcoin holdings amid upcoming FOMC statements has fueled BTC’s bearish sentiment.
Bitcoin marxists strongly believe that if the US government begins to acquire Bitcoin now and holds it for the next 20 years, it can pay off its national debt.
Peter Schiff said that now that the Biden administration is aware of Donald Trump’s plans to make Bitcoin a strategic reserve, they would take this to their advantage.
The record open interest, along with other market indicators, points to a potential breakout for Bitcoin’s price.
As the Bitcoin miner capitulation post the BTC halving comes to an end, market analysts are predicting the bitcoin price to reach $100K by the year-end.
Bitcoin miners are closer to being profitable again and selling less of their holdings, which could rally BTC.
Peter Schiff criticized the Kennedy Bitcoin proposal, calling it a “vote-buying” strategy. He believes that RFK is trying to appeal to the emotions of BTC enthusiasts.
Cameron Winklevoss urged the US vice president to take swift and concrete action to address the damage done to the crypto sector over the past four years.
The Bitcoin fear and greed index rallied to 74 on Monday as the underlying value spiked above $69k for the first time since early June.
Hong Kong is already making strides to restore its status as a technological hub in the Asia-Pacific region.