What Today has been an incredible day.
Gary Gensler He has officially announced his resignation from his position of Chairman You can also check out the Securities The following are some examples of how to get started: Exchange Commission The SEC, and minutes later Reuters Reporting Donald Trump’s “crypto council” is expected to “establish Trump’s promised bitcoin reserve.” A bitcoin reserve, that would see the United States Purchase 200,000 bitcoins per year for five years, until you have 1,000,000 bitcoin.
Right After both of these, Bitcoin Continued its upward momentum and broke $99,000. $100,000 feels like it could happen at any moment now.
It It is hard for me to contain my bullishness when I think about the United States Purchase 200,000 BTC each year. They You have to compete with the rest of the world, who are also accumulating bitcoins and trying to outrun them. There Only 21 million bitcoins exist, but that is a lot.
To Put this into context. So far this year, the US spot Bitcoin ETFs have amassed a total of more than 1 million BTC. At The price of bitcoin was $44,000 when it launched, and is now almost $100,000. And that’s all ETFs combined. Imagine What happens when one entity wants to purchase 1 million coins and has to compete with others who are also accumulating large amounts?
MicroStrategy just raised $3 BILLION for more bitcoin and will continue raising funds until it buys $42 BILLION more in bitcoin. The United States If this legislation is officially passed, then it is likely that the coins will be purchased at very high prices. The Demand is insane, and it will only increase in the near future.
With There are still two months to go. Trump It remains to be determined if the bill becomes law but for now, things are looking good. As Senator Cynthia Lummis stated, “This It is our Louisiana Purchase moment!” and would be an absolutely historic moment for Bitcoin, BitcoinersThe future financial dominance and power of the United States You can also find out more about the following: America.
This The article is a Take. Opinions expressed are entirely the authThe following are some examples of how to use's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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