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by winston » Tue Jan 14, 2025 7:12 am
The US Department of Justice (DOJ) is poised to auction off $6.5 billion worth of Bitcoin
seized from Silk Road.
The decision follows a Dec. 30 court ruling, concluding a protracted legal battle over ownership of this BTC.
by behappyalways » Thu Jan 16, 2025 7:51 pm
by winston » Sun Jan 19, 2025 8:03 am
by winston » Sun Jan 19, 2025 8:08 am
The order is expected to name crypto as a national imperative or priority – strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter.
It was also slated to create a crypto advisory council to advocate for the industry’s policy priorities, said the people who requested anonymity to discuss an executive order that is not yet public.
by winston » Sun Jan 19, 2025 8:46 am
WASHINGTON DC news blogs are replete with mentions of cryptocurrencies and a strategic Bitcoin reserve.
Meanwhile, Project 2025 called for a return to the gold standard and soaring gold prices are bringing back bugs and enthusiasts.
This focus is partly a reaction to the economic turmoil of the pandemic and its inflationary wake along with longstanding anti-government views in parts of American society.
It also reflects the huge lobbying and campaign financing of cryptocurrency backers.
by behappyalways » Mon Jan 20, 2025 6:03 pm
by behappyalways » Tue Jan 21, 2025 7:56 pm
by winston » Fri Jan 24, 2025 7:46 am
If more than 70 companies and over half of hedge funds were already buying cryptos before the President of the United States standardized it and put his “stamp of approval” on them… then how many companies and hedge funds will buy cryptos in the Trump era?
Laundry list of non-crypto public companies that have allocated capital to crypto. A few examples include Tesla (TSLA), MercadoLibre (MELI), BlackRock (BLK), Block (XYZ), and Globant (GLOB).
And as to the hedge fund/institutional space, Financial Times recently ran an article profiling how pension funds including Wisconsin and Michigan are buying Bitcoin. It’s evidence that even more conservative corners of finance are trying to take advantage of the potential outsized returns from crypto.
We think that, in 2025, hundreds of companies will start buying Bitcoin and adding it to their balance sheets. We also think that most every hedge fund will add some crypto exposure of some sort – and further expect those that already have exposure to likely increase their exposure.
All of that means a lot more “big money” buying pressure on cryptos in 2025 from deep-pocketed companies and hedge funds.
But it won’t stop there.
So… if the new administration compels the U.S. government to start buying Bitcoin in earnest in 2025, it’s likely that lots of countries will follow suit and start buying Bitcoin themselves. Canda. Mexico. Japan. The United Kingdom. Germany. Italy. France. So on and so forth.
The result could be a Bitcoin buying frenzy by nearly every major country in the world. And who has deeper pockets than the world’s governments?
by behappyalways » Sun Jan 26, 2025 7:16 pm
by behappyalways » Mon Feb 03, 2025 7:22 pm
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