Here’s the latest on Bitcoin (BTC) as of June 8, 2025:
Bitcoin's price has recently surpassed $105,000, driven by increased institutional interest and regulatory developments. The U.S. government has established a Strategic Bitcoin Reserve, holding approximately 200,000 BTC, signaling a shift towards recognizing Bitcoin as a national asset. Additionally, Trump Media & Technology Group has filed for a Bitcoin ETF, aiming to provide retail investors with easier access to Bitcoin investments. However, the crypto community remains divided over these developments, with concerns about potential conflicts of interest and the centralization of power within the industry.
Globally, the UK’s Financial Conduct Authority is considering lifting its ban on Bitcoin exchange-traded notes for retail investors, reflecting a broader trend towards crypto market liberalization. These regulatory changes, coupled with growing institutional adoption, suggest a bullish outlook for Bitcoin in the coming months.
