VanEck predicts that the U.S. could offset $21 trillion of its national debt by 2049 by accumulating a reserve of one million Bitcoin, assuming the cryptocurrency’s price rises to $21 million. This aligns with the BITCOIN Act proposed by Senator Cynthia Lummis, who supports the initiative to bolster the U.S. dollar and alleviate financial burdens on future generations. The concept is gaining traction globally, with countries like Venezuela and Switzerland exploring Bitcoin’s potential as a financial asset, despite some skepticism regarding its practicality.
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0 posts last weekAbu Dhabi Fund Invests 436 Million in BlackRock Bitcoin ETF
Abu Dhabi’s Mubadala Sovereign Wealth Fund has invested $436 million in BlackRock’s iShares Bitcoin ETF (IBIT), acquiring over 8.2 million shares and becoming the seventh-largest holder. This move underscores growing institutional interest in Bitcoin, aligning with Abu Dhabi’s strategy to position itself as a global digital asset hub. As discussions around Bitcoin reserves gain traction in the U.S., more than 20 states are advancing cryptocurrency-friendly laws, reflecting a broader trend of institutional adoption.
about Abu Dhabi Fund Invests 436 Million in BlackRock Bitcoin ETFUS Senate Considers National Bitcoin Reserve Amid Bullish Market Activity
Binance founder Changpeng Zhao highlighted the growing support for a US Bitcoin reserve, championed by Sen. Cynthia Lummis, who aims to reshape government policy on cryptocurrencies. The Senate’s new subcommittee on digital assets is set to address key issues, including consumer protection and innovation. Despite initial price drops, Bitcoin’s value is recovering amid bullish market activity and political backing for a strategic national reserve.
about US Senate Considers National Bitcoin Reserve Amid Bullish Market ActivityCynthia Lummis Appointed Chair of Senate Subcommittee on Digital Assets
Senator Cynthia Lummis has been appointed chair of the newly established Senate Banking Subcommittee on Digital Assets, aimed at advancing bipartisan legislation for a comprehensive legal framework for digital assets. Lummis emphasized the importance of digital assets for the future of financial innovation in the U.S. and expressed her commitment to guiding legislation to strengthen the U.S. dollar and support President Trump’s vision of making America a global crypto hub.
about Cynthia Lummis Appointed Chair of Senate Subcommittee on Digital AssetsBitcoin Experiences Extreme Volatility as Liquidations Reach 300 Million Dollars
Bitcoin experienced significant volatility, surging to $106,000 before retracting to around $104,000, driven by a tweet from Senator Cynthia Lummis hinting at upcoming developments. This wild price action led to over $300 million in liquidations, affecting more than 120,000 traders in just 24 hours. The largest liquidation occurred on OKX, totaling nearly $6 million.
about Bitcoin Experiences Extreme Volatility as Liquidations Reach 300 Million DollarsTrump Administration Plans Major Reforms for Crypto Industry on First Day
The Trump administration is poised to implement significant reforms for the crypto industry on its first day, focusing on re-banking the sector and repealing restrictive SEC rules, particularly the controversial SAB 121. Key figures, including Marc Andreessen, are shaping a pro-crypto team, with David Sacks appointed as the White House AI and Crypto Czar. This initiative aims to dismantle previous anti-crypto policies and foster a more favorable regulatory environment.
about Trump Administration Plans Major Reforms for Crypto Industry on First Day