Analysts are projecting an intriguing path for Bitcoin as it aims for the elusive $200,000 mark, fueled by macroeconomic factors and institutional interest. Market dynamics are shifting with the upcoming
As inflation and Fed policy take center stage, institutional flows and macro conditions could shape Bitcoin’s path to $200,000, analysts say.
Tether has initiated legal proceedings against Swan Bitcoin, arising from a dispute linked to their collaborative venture in Bitcoin mining. According to a statement from a Tether representative, the lawsuit
In a recent interview on CNBC Squawk Box, SEC Chairman Gary Gensler commented on the potential influence of cryptocurrency funding during the U.S. elections. He expressed skepticism regarding claims that
Anthony Pompliano, a prominent Bitcoin advocate and investor, has proposed three strategic measures for President-elect Donald Trump to accelerate Bitcoin adoption in the United States. In a video, Pompliano outlined actionable steps to position Trump as a leader in the digital currency revolution. Anthony Pompliano Proposes Repealing SAB 12 In a recent video on X , Anthony Pompliano’s first recommendation was to repeal Staff Accounting Bulletin No. 121 (SAB 121). This regulation currently limits banks from holding digital assets, requiring them to classify these holdings as liabilities. Pompliano argues that removing this barrier would allow banks to hold Bitcoin on behalf of their customers. This would foster institutional demand for cryptocurrency. According to Anthony Pompliano, enabling financial institutions to incorporate Bitcoin into their balance sheets could create a more robust ecosystem for the digital asset. This change could also provide U.S. banks with a competitive edge in the growing global cryptocurrency market. It is important to note that Bitwise Chief Investment Officer also shared insights on trends in corporate BTC adoption under Trump’s pro-crypto policies. He emphasized MicroStrategy’s aggressive Bitcoin strategy, new FASB rules enabling firms to record price gains, Creating a Strategic Bitcoin Reserve for National Growth Another action proposed by Anthony Pompliano was to establish a national Bitcoin reserve. He highlighted that the U.S. government already possesses approximately 200,000 Bitcoin, which could serve as a foundation for building such a reserve. Anthony Pompliano suggested that increasing the government’s Bitcoin holdings, rather than liquidating them, would be a prudent move. He emphasized that Bitcoin’s growing utility as a store of value and hedge against inflation could benefit the economy in the long term. The Bitcoin advocate added, “If Bitcoin is good for individuals or corporations, it’s going to be good for the country, too.” The growing Bitcoin prices and adoption have led to major corporate moves and acceptance. In a recent report, Genius Group approved a $33M rights offering to expand its Bitcoin Treasury to $86M. The offering allows shareholders to purchase shares at $0.50, with CEO Roger Hamilton planning to increase his stake by 10.3%. Tax Code Reforms Under Donald Trump Pompliano also urged Donald Trump to introduce tax reforms that would change how Bitcoin is treated under existing laws. Currently, Bitcoin is classified as property, meaning transactions involving the cryptocurrency are subject to capital gains tax. This classification creates complexities for consumers and businesses seeking to use Bitcoin for everyday transactions. Pompliano proposed adjustments to the tax code to eliminate these barriers. Moreover, Anthony Pompliano concluded his recommendations stressing that these measures will propel the United States to the forefront of the digital currency revolution. Meanwhile, other countries like El Salvador have already integrated Bitcoin into their national strategies. This has inspired jurisdictions like Bhutan’s Gelephu Mindfulness City (GMC). GMC plans to hold Bitcoin, Ethereum, and BNB in its strategic reserves, focusing on digital assets with large market capitalizations and liquidity. The post Anthony Pompliano Shares 3 Key Actions For Trump To Boost Bitcoin Growth appeared first on CoinGape .
Bitcoin is on the rise as a specific group of investors, known as “shrimps,” continues to accumulate the cryptocurrency at an impressive rate. Market data indicates that these BTC wallets,
Dennis Porter’s update signals SAF’s ongoing work to secure Bitcoin’s place in U.S. policy. In a recent tweet, Dennis Porter, CEO and co-founder of Satoshi Action Fund, shared that the organization has raised $300,000 of its $500,000 fundraising goal, with two weeks remaining in the campaign. This announcement reflects SAF’s ongoing efforts to advocate for Bitcoin-friendly legislation at both state and federal levels, ensuring that Bitcoin ( BTC ) has a place in future regulatory frameworks. BREAKING: Satoshi Action has now raised $300,000 out of our 60 day $500,000 goal. We have two weeks left! — Dennis Porter (@Dennis_Porter_) January 15, 2025 Beyond fundraising, SAF has been a driving force in advancing BTC and BTC mining policies. Over 20 pieces of legislation have been introduced, with four successfully becoming law. Also, as per SAF’s official website , The organization has also engaged with over 2,000 state and federal lawmakers and participated in more than 20 public hearings to highlight BTC’s potential to benefit the economy, society, and the environment. SAF advocates for the role of BTC mining in supporting grid stability and sustainability. You might also like: Bitcoin advocate hints at ‘strategic reserve’ laws in 10 US states Additionally, SAF has been a key advocate for the establishment of a U.S. strategic BTC reserve. The idea has gained momentum, supported by prominent figures such as Senator Cynthia Lummis and former President Donald Trump. The organization continues to work closely with legislators and the public to ensure BTC’s adoption benefits the broader society and fosters technological and economic growth. Porter’s tweet not only provides an update on SAF’s fundraising progress but also serves as a reminder of the group’s ongoing mission to create a favorable environment for BTC while opposing policies that could limit its potential. You might also like: California Lawmaker Proposes New Bill to Adopt BTC as Legal Tender
New AI glasses this year promise to reward users with crypto while processing data locally as competition in the sector intensifies.
On January 15, COINOTAG News reported significant developments surrounding the SEC’s lawsuit against Musk, which alleges potential securities violations. Fox Business News reporter Charles Gasparino revealed insights from a source
Bitcoin continues its impressive rise, hitting new heights and setting the tone for the entire crypto market, investors are on the lookout for the next big altcoin that could deliver staggering returns. Several altcoins are emerging as strong contenders, with one in particular showing the potential for a 25,000% breakout. Five digital assets BigBossInu, Bitcoin (BTC), Cardano (ADA), Kaspa (KAS), and TRON (TRX) are generating excitement as the ones to watch in the quest for massive gains. BigBossInu: The Altcoin Ready for a 25,000% Explosion BigBossI nu is quickly becoming a standout in the crypto space, with its innovative technology and high-speed capabilities drawing significant interest from early investors. With a strategic development roadmap and a focus on scalability, BigBossInu is positioning itself as the next big altcoin to watch. Investors are speculating that BigBossInu could deliver a jaw-dropping 25,000% return, making it one of the most exciting breakout opportunities on the market. >>>>>> Bitcoin’s (BTC) is showing a robust upward trend, currently hovering around $92,000. Analysts predict the cryptocurrency could climb beyond $110,000 in the near future, though short-term dips might see it retrace to support levels at $100,000. Growing institutional adoption is likely to fuel further gains, reinforcing Bitcoin’s bullish outlook. Cardano (ADA) has made notable progress lately, with its trading volume surging and pushing its price to a weekly high of $0.66. While this is still distant from its all-time high of $3.09, this significant update is set to refine Cardano’s governance model and expand its interoperability with other blockchains. Kaspa (KAS) is gaining traction with its efficient Proof-of-Work protocol, designed to offer high-speed and scalable transaction solutions. Trading at an attractive price, Kaspa’s technology is appealing to both traders and developers seeking faster blockchain solutions. TRON (TRX). With a focus on providing scalable and cost-effective solutions,its ability to handle high volumes of transactions efficiently makes it a viable option for those looking to capitalize on the next wave of blockchain innovation and potential 25,000% gains. >>> Conclusion These five cryptos BIGBOSSINU , Bitcoin (BTC), Cardano (ADA), Kaspa (KAS), and TRON (TRX) are emerging as high-potential opportunities for investors seeking explosive growth. With BigBossInu standing out as the altcoin with the potential for a 25,000% breakout, this could be the chance for early adopters to ride the next big wave in crypto. To learn more about BigBossInu and its Presale visit: Presale: https://bigbossinu.com/buy-token Website: https://bigbossinu.com Telegram: https://t.me/bigbossinu X/Twitter: https://x.com/BigBossInu Continue Reading: XRP’s Explos-on: These 5 Altcoins Could Deliver 500x ROI Before Next Year