Bitcoin’s price fluctuated around $87,817, retreating from over $90,000 amid uncertainty regarding a proposed US Bitcoin reserve. While US Commerce Secretary hinted at an announcement at the upcoming White House Crypto Summit, Senator Cynthia Lummis noted a lack of Congressional support for the initiative. Traders remain cautious, with some predicting a potential retest of the $78,000 level following recent market volatility.
about Bitcoin price faces volatility amid US reserve discussions and market uncertaintyPompliano
0 posts last weekAbu Dhabi and Wisconsin Boost Bitcoin ETF Investments Amid Growing Institutional Interest
Abu Dhabi’s Mubadala Investment Company and Wisconsin’s State Investment Board have significantly increased their investments in Bitcoin ETFs, with Mubadala investing $436.9 million and Wisconsin holding over 6 million shares worth $588 million. This move aligns with Abu Dhabi’s crypto-friendly regulations and its ambition to become a global digital asset hub, further supported by recent regulatory frameworks. The growing institutional interest in Bitcoin ETFs signals a shift towards integrating digital currencies into traditional financial systems.
about Abu Dhabi and Wisconsin Boost Bitcoin ETF Investments Amid Growing Institutional InterestUnited States Emulates El Salvador in Digital Asset Regulation Efforts
The United States is emulating El Salvador’s approach to crypto regulation, as highlighted by NexBridge founder Michele Crivelli. He noted the establishment of a Working Group on Digital Asset Markets, similar to El Salvador’s National Commission of Digital Assets, as a positive step. Despite repealing its Bitcoin legal tender law under IMF pressure, El Salvador continues to accumulate Bitcoin, recently adding 12 BTC to its holdings, which now exceed 6,051 BTC.
about United States Emulates El Salvador in Digital Asset Regulation EffortsPompliano’s Recommendations for Trump’s Bitcoin Presidency and Economic Strategy
Anthony Pompliano has outlined three key recommendations for President-elect Donald Trump to become the first “Bitcoin President.” He suggests repealing Staff Accounting Bulletin No. 121 to facilitate bank involvement with Bitcoin, establishing a national Bitcoin reserve using government-held BTC, and reforming tax codes to exempt Bitcoin transactions from capital gains taxes. These measures aim to position the U.S. as a leader in cryptocurrency and boost Bitcoin adoption.
about Pompliano's Recommendations for Trump's Bitcoin Presidency and Economic StrategyBitcoin Emerges as a Benchmark for Millennial and Gen Z Investors
Anthony Pompliano, CEO of Professional Capital Management, argues that Bitcoin is becoming a benchmark for younger investors, akin to the S&P 500 in traditional finance. Its decentralized nature and ability to hedge against inflation make it appealing, especially as it offers a global, accessible investment option. Pompliano also emphasizes the importance of understanding Bitcoin’s fundamentals and downplays concerns about government influence on its long-term growth.
about Bitcoin Emerges as a Benchmark for Millennial and Gen Z Investors