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Satoshi Action Fund’s Dennis Porter Heralds the Arrival of Nation-State Hyperbitcoinization

Satoshi Action Fund’s Dennis Porter Heralds the Arrival of Nation-State HyperbitcoinizationDennis Porter, the co-founder of the Satoshi Action Fund, has recently revealed that several nations have contacted him to help establish a national bitcoin reserve. He stated that hyperbitcoinization at a nation-state level is advancing “faster than expected.” Satoshi Action Fund’s Dennis Porter: ‘The Lawmaker FOMO on Bitcoin Is Real’ The expected pro-crypto character of […]

Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Metaplanet Boosts Bitcoin Holdings With $6.7 Million Investment

Metaplanet Boosts Bitcoin Holdings With .7 Million InvestmentMetaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition, Metaplanet’s total bitcoin holdings now stand at 639.503 bitcoin. The cumulative amount […]

Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve

Venezuelan Opposition Leader Proposes Establishing a Bitcoin ReserveMaria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant hyperinflation and announced a bitcoin donation campaign to help them in their democratic […]

Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Bitcoin as a US reserve asset is ‘great for price’ but poses significant risks — Charles Hoskinson

While a strategic Bitcoin reserve may be good for price action, the US Treasury controlling 19% of the BTC supply raises unprecedented centralization concerns.

The idea of Bitcoin becoming the reserve asset of the United States poses significant centralization risks for the world’s first cryptocurrency despite being an optimistic price catalyst, according to Charles Hoskinson.

Making Bitcoin a reserve asset for the US was recently floated by presidential candidate Robert F. Kennedy Junior, who said that he would sign an executive order for the US Treasury to purchase a total of 4 million Bitcoin (BTC) worth over $242 billion at today’s valuation.

Notably, that would represent 19% of the Bitcoin supply, said Charles Hoskinson, co-founder of Input Output Global and Cardano.

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Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Senator Cynthia Lummis Proposes the US Accumulates 1,000,000 Bitcoin Amid Record-Level National Debt

Senator Cynthia Lummis Proposes the US Accumulates 1,000,000 Bitcoin Amid Record-Level National Debt

A pro-crypto senator is proposing legislation for the US to stockpile 1 million Bitcoin (BTC) as the country’s national debt continues to rise. Speaking at the Bitcoin 2024 Conference, Republican Senator Cynthia Lummis of Wyoming announces that she will propose a bill to establish a BTC reserve as a means of securing the value of the […]

The post Senator Cynthia Lummis Proposes the US Accumulates 1,000,000 Bitcoin Amid Record-Level National Debt appeared first on The Daily Hodl.

Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy 

Senator Lummis Proposes Bitcoin Strategic Reserve Bill to Bolster US Economy At the Bitcoin 2024 conference, Republican U.S. Senator for Wyoming, Cynthia Lummis, introduced the “Bitcoin Strategic Reserve Bill” aimed at establishing a strong bitcoin reserve to mitigate the national debt and strengthen the economy. The bill proposes converting federal assets into bitcoin (BTC), capitalizing on its appreciating value without raising taxes. Bitcoin Reserve Bill Introduced […]

Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Sen. Lummis proposes US government purchase 5% of total Bitcoin supply

The pro-crypto Senator introduced the Bitcoin Reserve Bill while declaring "this is the solution, this is the answer, this is our Louisiana purchase moment, thank you Bitcoin!"

United States Senator Cynthia Lummis has introduced a bill proposing that the US government buy 5% of the world’s Bitcoin supply and hold it for at least 20 years.

“It can be used for one purpose, to reduce our debt,” Lummis declared during her keynote speech at the Bitcoin 2024 Conference on July 27 in Nashville, Tennessee.

Lummis explained that, if passed, the plan will take place over five years with the aim of the US government acquiring one million Bitcoin (BTC), roughly 5% of the total supply of 21 million Bitcoin.

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Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck

Finder’s Experts Predict Bitcoin Will End the Year at $21K, Panel Expects BTC to Hit $79K by 2025

Finder’s Experts Predict Bitcoin Will End the Year at K, Panel Expects BTC to Hit K by 2025Following the recent xrp and ether prediction forecasts by crypto and fintech experts chosen by the product comparison web portal, finder.com, Finder’s latest handful of specialists have produced a predictions report for bitcoin. The group of 55 Finder’s experts think bitcoin will increase in value by more than 10% by the year’s end, and by […]

Bitcoin to hit ‘repeated all-time highs’ over next 2 quarters: VanEck