Issues around Bitcoin's price and its volatility continue to dominate discourse. There is a buildup of speculation as Bitcoin fluctuates around the $85K range, however, repeated setbacks stoke concerns about a forthcoming
crypto winter. Billionaire Ray Dalio predicts a 'monetary order breakdown', possibly more ominous than the 2008 financial crisis. Concurrently, other experts offer a counter point, foreseeing a potential bull run, setting a price target at $65K, and foreseeing global liquidity expansion as a means to drive Bitcoin to new all-time highs.
Bitcoin's resilience during market turmoil garners attention as well with signals of potential highs on the horizon. Various states in the
U.S show divergence in their approach towards Bitcoin as a reserve asset. NC lawmakers resist pension investment into Bitcoin, while Oklahoma rejects a Bitcoin reserve proposal. There are ongoing debates on whether Bitcoin can replace the U.S.'s Gold reserves. In contrast,
Brazil’s Meliuz is considering expanding their Bitcoin reserve strategy.
There is significant interest from
institutional investors in Bitcoin, with MicroStrategy reverting to selling their common stock for Bitcoin investment. Regulatory flexibilities influence this further, as Bitcoin fails to secure the SEC's approval for McDonald's. The ETF outflow in April remains a concern despite the price recovery.
Meanwhile, entities like VanEck suggest Bitcoin-linked
Treasury bonds as an offset for U.S. debt, and Bitcoin miners face increasing cost pressures, leading to selling more mined BTC to make ends meet.
Bitcoin News Analytics from Tue, 25 Mar 2025 17:07:39 GMT to Wed, 16 Apr 2025 21:32:31 GMT -
Rating 4
- Innovation 5
- Information 5
- Rumor 2
