Weekly summary #BTCBackto100K
The value of Bitcoin rose to over $100,000 amid a wave of massive institutional investments. In a surprising move, the Kingdom of Bhutan disposed of 2,584 Bitcoin over 40 days, benefiting from its holdings as both a reserve asset and liquidity simultaneously. Within 48 hours, **two U.S. states** passed legislation to create a strategic Bitcoin reserve. At the federal level, the United States unveiled a pioneering draft law for digital currencies aimed at establishing a clear regulatory framework that supports innovation. However, the rapid wealth in this sector has brought risks, as evidenced by a horrific incident in Paris where a crypto millionaire's father was kidnapped and mutilated.
Bitcoin surpasses $100,000 with a surge of institutional money
The last time cryptocurrency reached this level was in February, shortly after it hit an all-time high...
With several supporting factors, Bitcoin seems poised to retest its all-time highs and achieve a new breakthrough.
Royal depletion of Bitcoin: Bhutan secretly disposes of 2,584 Bitcoin in 40 days
About 40 days ago, Bitcoin.com News revealed that the royal government of Bhutan (via Druk Holding) began selling a large portion of its holdings...
This move shows that Bhutan is using Bitcoin as a strategic reserve asset and national liquidity, an uncommon approach among governments.
Within 48 hours.. Two U.S. states pass legislation for a strategic Bitcoin reserve.
Bitcoin enters the financial world at the state level following the passage of legislation allowing for the creation of strategic reserves within just two days...
Expect other states to follow suit soon, starting with Texas.
The United States releases a draft framework for digital currencies: "The golden age of digital assets has begun"
The United States unveiled a comprehensive draft law to redefine oversight of digital assets, enhancing its adoption momentum...
This draft is a clear signal that the United States is moving beyond the existing sanctions-based ambiguity towards a balanced regulatory framework that looks to the future.
Cryptocurrency wealth turns to crime: kidnapping and mutilation of a crypto millionaire's father in a horrific ambush in Paris.
The brutal kidnapping incident of a crypto millionaire's father in broad daylight in Paris escalated to horrific violence...
Do not disclose your cryptocurrency holdings. Be cautious of "link key" attacks. Stay safe!