$BTC Bitcoin hits $100,000 as institutional money floods in... a royal drain and reserve legislation in two states
Bitcoin hits $100,000 as institutional money floods in, royal drain and reserve legislation in two states
Weekly recap #BTCBackto100K
Bitcoin's value surged above $100,000 amid a wave of massive institutional investment. In a surprise move, the Kingdom of Bhutan offloaded 2,584 Bitcoin within 40 days, leveraging its holdings as both a reserve asset and a cash asset. Within 48 hours, two US states passed legislation to establish a strategic Bitcoin reserve. At the federal level, the US unveiled a groundbreaking draft of a cryptocurrency bill aimed at establishing a clear regulatory framework that supports innovation. But getting rich quick in this sector brings with it risks, as evidenced by a horrific incident in Paris where the father of a crypto millionaire was kidnapped and mutilated.
Bitcoin surpasses $100,000 as institutional money flows in
The last time the cryptocurrency reached this level was in February, shortly after hitting an all-time high...
With several supporting factors in place, Bitcoin appears to be on its way to retesting its highs and achieving a new breakout.
Royal Bitcoin Drain: Bhutan Secretly Dumps 2,584 Bitcoin in 40 Days
About 40 days ago, Bitcoin.com News revealed that the Royal Government of Bhutan (via Druk Holding) had begun selling a significant portion of its holdings...
This move demonstrates that Bhutan is using Bitcoin as a strategic reserve and national liquidity asset, an approach uncommon among governments.
Within 48 hours, two US states passed legislation for a strategic Bitcoin reserve.
Bitcoin enters the world of finance at the state level after legislation allowing the creation of strategic reserves of it was passed in just two days...
Expect other states to follow suit soon, starting with Texas.
US Releases Draft Cryptocurrency Framework: "The Golden Age of Digital Assets Has Begun"
The United States has unveiled a comprehensive draft law redefining the oversight of digital assets, further strengthening the momentum behind their adoption...
This draft is a clear signal that the United States is moving beyond the era of sanctions-based ambiguity toward a balanced, forward-looking regulatory framework.
Cryptocurrency wealth turns to crime: Father kidnapped and mutilated in horrific Paris ambush.
The brutal kidnapping of a crypto millionaire's father in broad daylight in Paris escalated into horrific violence...
Don't advertise your cryptocurrency holdings. Be wary of "wrench" attacks. Stay safe!
