Bitcoin's Path to $500K: Bitwise CIO Sees Major Growth Ahead Despite Record Highs
Bitwise CIO Matthew Hougan predicts Bitcoin could reach $500,000 by capturing half of the $20 trillion store-of-value market currently dominated by gold. This ambitious target hinges on increased institutional adoption and central bank participation, with potential for even higher valuations.
Trump's Potential Treasury Pick Could Reshape US Crypto Policy
Prediction market Polymarket suggests an 88% likelihood of pro-crypto Scott Bessent becoming Treasury secretary under a potential second Trump term. His appointment could signal major shifts in US cryptocurrency policy, including the possible establishment of a strategic Bitcoin reserve.
U.S. Government's Bold Move: The Race to Acquire One Million Bitcoins
A groundbreaking legislation aims to establish a strategic bitcoin reserve under U.S. Treasury control, with plans to purchase 200,000 bitcoins annually over five years. Recent political shifts and bipartisan support have improved the prospects of the BITCOIN Act, which could reshape national financial reserves.