Robbie Mitchnick, BlackRock’s Global Head of Digital Assets, believes a potential U.S. recession could significantly boost Bitcoin’s growth. He suggests that factors like increased government spending and lower interest rates typical during recessions would enhance Bitcoin’s appeal as a long-term investment. While Bitcoin has struggled recently, trading at around $83,550 and not matching gold’s rally, ...
The United States is creating a Strategic Bitcoin Reserve, with President Donald Trump pushing for the country to become the “bitcoin and cryptocurrency capital of the world.” This reserve will be backed by 200,000 bitcoins, valued at around $17 billion, which have been seized in legal cases. Although the announcement aimed to position the U.S. ...
Cameron Winklevoss, co-founder of the Gemini crypto exchange, argues that countries need to start building Bitcoin reserves just like they do with critical resources like oil and gold. He warns that delaying this action could lead to higher costs and a loss of financial independence and global influence. Winklevoss believes that stockpiling Bitcoin should be ...
El Salvador has stopped its daily Bitcoin purchases, with the last recorded buy on February 17. This pause comes after the country secured a $1.4 billion loan deal with the International Monetary Fund (IMF). As part of the agreement, El Salvador is required to reduce its Bitcoin activities, making the acceptance of Bitcoin optional for ...
In early 2025, Iran significantly changed its cryptocurrency regulations, seeking to control the Market amid rising power outages and illegal mining concerns. The government is now overseeing cryptocurrency exchanges to ensure they operate transparently and adhere to tax laws, aiming to curb capital flight and align with broader strategies to mitigate the effects of international ...
Many U.S. states are now exploring the idea of investing public funds in cryptocurrencies, particularly Bitcoin and stablecoins. Following President Trump’s support for a national digital asset stockpile, 21 states are either investing in or considering investments in digital assets. A total of 16 state legislatures are currently reviewing bills to build digital asset reserves ...
On his first day in office, Donald Trump swiftly signed a series of executive orders, but the second day brings a more complex challenge: the debt ceiling. Trump is not pleased that this issue is on the table and is scheduled to meet with congressional leaders to discuss strategies for managing the $36 trillion debt. ...
Billionaires are shifting their investments from technology stocks, especially Nvidia, to Bitcoin, the leading cryptocurrency. While Nvidia’s stock has surged by 2,100% over the last five years, some investors have started reducing their stakes in the company. Instead, they are increasing investments in Bitcoin, particularly through the iShares Bitcoin Trust ETF, highlighting a growing belief ...
Bitcoin, once seen merely as a speculative asset, is gaining traction as a strategic reserve for national governments. Several countries, including the United States and Brazil, are exploring the integration of Bitcoin into their currency reserves to bolster financial sovereignty amid global economic uncertainties. Proposals include gradually acquiring significant amounts of Bitcoin over several years. ...
Scott Bessent, nominated for Treasury Secretary, expressed openness to eliminating the debt ceiling, a view shared by Donald Trump and some lawmakers. He emphasized that this change wouldn’t authorize new government spending. Bessent also argued against a U.S. central bank digital currency, stating the need for such a currency arises in countries lacking investment options. ...
