Bitcoin madness: planning USA purchase of 1 million bitcoins!
Bitcoin madness: planning USA purchase of 1 million bitcoins!
The cryptocurrency Bitcoin has reached a historic milestone: the course recently exceeded the $ 95,000 mark. Michael Novogratz, CEO of Galaxy Digital and a prominent investor, predicts that Bitcoin could soon be up to $ 500,000. The republican Senator Cynthia Lummis, who brought a proposal, is impetus for this development, according to which the United States could buy a million bitcoins in the next five years to create a strategic reserve. Experts speculate that this step could trigger a "global domino effect", such as BTC echo
While the United States still has to vote on this plan, El Salvador already has 6,168 bitcoins and the Kingdom of Bhutan 13,000 bitcoins in its stocks. Other countries are also in the planning phase for Bitcoin reserves. In Austria, on the other hand, there are no such efforts; The National Bank does not buy bitcoins, and experts consider it unlikely that this will change in the near future. These uncertainties are in contrast to the forecasts of Novogratz on the developments on the market, which could also be inspired by the permission of Bitcoin ETFs in the USA. These ETFs are considered a milestone for the broad acceptance of cryptocurrencies and could lead to an increase in institutional investments in the near future, such as
Novogratz notes that the acceptance of Bitcoin as a value memory is increasing, particularly among the younger generation, which leads to a shift in economic conditions. ETFs represent a new way for investors to invest in Bitcoin without having to buy the cryptocurrency directly. This could lead to an increase in Bitcoin stocks in investment portfolios. Despite regulatory uncertainties, such as the strict requirements of some authorities in the United States, a clearer regulatory framework is expected, which could further boost market development. In addition, Novogratz emphasizes that time is ripe for institutions and private investors, Bitcoin and other digital assets seriously. These trends show that Bitcoin is not only a temporary phenomenon, but is on the way to playing an important role in the global financial system, while traditional financial institutions and investors are increasingly interested in digital assets. The future of Bitcoin
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