While a renewed interest from small investors is expected, institutions continue their purchases. They feel calm with the United States, which is about to reinforce its strategic reserve of bitcoins.
Currently, about 236 companies own more than 1.2 million bitcoins, approximately 5.7% of the total supply. This treasury in BTC has increased by 20% year over year. And that’s after having doubled just in 2024.
In total, there are more than 1.5 trillion dollars that S&P 500 companies could invest in bitcoin. Microsoft and Facebook said no, but it is rumored that Amazon is considering it and that Tesla could double down.
It is also worth mentioning that the U.S. Senate just voted in favor of the GENIUS Act. This will solidify the existence of stablecoins if the House of Representatives gives the green light. Now the vote on the Bitcoin Act is awaited, which foresees the purchase of one million bitcoins.
Along the same lines, South America is also on the move. The bill to allocate up to 5% of Brazilian foreign exchange reserves (370 billion dollars) is on the legislators' table. Brazil could become the second G20 country to make bitcoin a reserve currency. South Korea is also considering it.
Europe cannot say the same. The Czech central bank would like to act, but the ECB and Christine Lagarde oppose it. Moreover, the proposal to mine bitcoins using the surplus electricity from French nuclear plants has just been rejected by Parliament. What a waste.
Overall, the horizon is clearing. Tourists are taking their profits above 105,000 dollars, but the upward pressure persists.
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