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Bitcoin Events is excited to announce that the highly anticipated Strategic Bitcoin Reserve Summit is just one week away!
The post Strategic Bitcoin Reserve Summit is just one week away! appeared first on Crypto Breaking News.
In the latest installment of the Bitcoin Policy Hour, a weekly podcast produced by the nonprofit Bitcoin Policy Institute (BPI), leading members of the organization discussed how a single policy decision by the United States government might catapult the price of Bitcoin to extraordinary new highs. According to Executive Director Matthew Pines, the worlds monetary framework has remained largely the same since 1973, when the global financial system pivoted away from a full gold standard. When you think about the monetary system we currently live in, he said, its been around since 1973 and gone through a number of crises and evolutions, but the fundamental structure of it really hasnt changed. He then pointed out that because nations such as China have emerged as industrial, military, and financial heavyweights, the stability of that long-standing dollar-based system is under challenge in ways not seen in decades. Head of Policy Zach Shapiro added that concerns about losing trust in the US dollar and its reserve assetthe US Treasury securityhave fueled discussions around alternatives. If you want to talk about what else could be a reserve asset, he said, gold is an obvious candidate. He added that since the United States froze Russias Treasury reserves last year, there has been a feeling from central banks around the world that treasuries are becoming less of a neutral reserve asset and so foreign governments have been stacking gold. That could clear some runway for Bitcoin to replace or supplement golds historic roleespecially if the Trump administration announces their first Bitcoin buy. Related Reading: This Bitcoin Pullback Mirrors 2017s Path To Parabolic Highs, Says Analyst When asked about the longstanding policy idea of marking gold to market and using the proceeds to buy Bitcoin, Shapiro explained that formally revaluing Americas statutory gold pricestill set by law at around $42 per ounce even though world markets trade gold above $3,200could generate what he called a large surplus on Treasurys books that we could then spend on stuff. He mentioned that if those proceeds were directed into Bitcoin, it would be a one-time trick that adds almost a trillion dollars to our balance sheet on paper. But why are we doing that and why do we think now is the time? Pines emphasized the global implications. The gold certificates are a subplot in this larger strategic competitive dynamic, he said, referencing ongoing trade friction and technology restrictions between the US and China. When you have the great powers of the world deciding theyre going to up the ante against each other, youll see moves in many domains: tariffs, export controls, currency systems, and yes, monetary assets such as gold and Bitcoin. Discussion then turned to a White House executive order issued in March that formalized the Strategic Bitcoin Reserve and instructed agencies to conduct a Bitcoin audit, with results due to the Presidents Working Group on digital assets. Pines noted that it literally said Bitcoin is digital gold, is in our strategic interest, and that we need a strategic Bitcoin reserve, even though, in his words, people outside the US government at first questioned whether that was real or just a campaign promise. Related Reading: Bitcoin Price Forecast: What Experts Anticipate Following The Jump Toward $85,000 Shapiro confirmed the White House did indeed require each agency to identify which digital assets it currently owns from forfeiture or other means. By statute, they had thirty days to do this, he explained. But that report goes to the Secretary of the Treasury and the Presidents Working Group, not necessarily the public. While the White House order also urged budget-neutral methods of acquiring new Bitcoin, no single agency has yet outlined exactly how they intend to do it. Both Pines and Shapiro said that internal government debates, as well as confusion about what budget neutral means, might slow implementation. It cant impact other budget line items, said Shapiro. But tariffs, for instance, are not something that costs the American taxpayer money directly, and thats one way thats been floated to raise funds for Bitcoin. Selling assets already on the governments balance sheet is another. Thats budget neutral too. If the Trump administration does indeed buy Bitcoin, the price implication could be massive, according to the BPI. Shapiro stated: If the United States announces that we are buying a million Bitcoin, that’s just a global seismic shock. I think that really is a big deal. I think first the Bitcoin price goes through the roof. I think we will probably go very quickly to something like a million dollars per Bitcoin. However, the geo-political could be even greater, Shapiro added: Then you have to wait and see what sort of dominoes fall from that. What are the second order effects of Bitcoin, just being monetized on a faster trajectory than I think a lot of people anticipate. The first is a sort of reaction from other nation states’ reactions […] I suspect that Bitcoin being monetized that strongly and that quickly would have a negative impact on sort of the long-term outlook for gold. At press time, BTC traded at $83,594. Featured image created with DALL.E, chart from TradingView.com
The Trump administration is exploring creative financing to build a BTC reserve; from trade tariffs to gold certificate adjustments.
Bitcoin has extended its decline below $90,000 as on-chain data shows whales selling off in massive amounts. This price decline comes amidst the otherwise bullish news of Donald Trump signing an executive order for a Strategic Bitcoin Reserve (SBR). The lack of bullish momentum despite this has brought into play the possibility of an extended bearish move from here. A well-known crypto analyst, Doctor Profit, has raised alarms about an impending major correction in Bitcoins price. In a detailed post on social media platform X, he outlined his reasons for this shift, arguing that the current market conditions signal the start of the first large Bitcoin correction of this cycle. Strategic Bitcoin Reserve: A Misinterpreted Narrative? Popular crypto analyst Doctor Profit revealed that he is selling a significant portion of his holdings and entering short positions. Notably, the analyst pointed to the recent news surrounding the Strategic Bitcoin Reserve as a key factor that led him to reevaluate his bullish stance. He emphasized that while retail investors see this as a game-changing development, large players and whale investors have already priced in the impact. Related Reading: Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish Many crypto investors expected an accumulation of Bitcoin by the US government in order to strengthen the reserve. However, instead of the expected ensuing buying pressure on Bitcoin, the executive order focused on Bitcoin confiscated from previous seizures, which left bullish investors underwhelmed. According to Doctor Profit, the decision to sign off on this policy earlier than anticipated signaled a shift in market dynamics. His expectation was that this move would materialize months later, allowing Bitcoins price to sustain upward momentum before the first significant correction. Instead, he now sees this as the primer for a long-term decline. Is This The Beginning Of Bitcoins First Big Correction? Price Levels To Warch Doctor Profit firmly believes that Bitcoin has yet to experience a proper correction in this cycle, noting bull market trends where the asset has seen at least one 40-50% drop before reaching new all-time highs. He sees the recent developments as the final push before a 40% to 50% decline. As such, the analyst noted that this is the ideal window for distributing sell orders and entering short positions. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 His outlook suggests a retracement to as low as $50,000$60,000 before Bitcoin resumes its long-term bullish trajectory. Breaking down his trading strategy, he disclosed that he has already sold 50% of his Bitcoin holdings, which he accumulated at $16,000. He has placed short orders within the $90,000$102,000 range, with target profits set at $74,000 for the first take-profit level, followed by a complete exit in the $50,000$60,000 region and a full buyback to double holdings. Despite his short-term bearish outlook, the analyst maintains that Bitcoin will eventually rally to new highs in the $120,000$130,000 range. At the time of writing, Bitcoin is trading at $86,530. Featured image from Unsplash, chart from Tradingview.com
Binance co-founder Changpeng Zhao has suggested that the highly anticipated Altseason isnt here yet as most altcoins continue bleeding, while some market watchers consider the worst might be over soon. Related Reading: All Options On The Table: Bitcoin Must Hold This Level Ahead Of Trumps Crypto Summit CZ Says Theres No Altseason Yet On Friday, Changpeng Zhao, also known as CZ, responded to an X user asking when the Altseason will happen. The Binance founder pointed out the price tracking and market data website CoinMarketCap (CMC), which recently added an Altcoin Season Index. CZ highlighted that of the top 100 altcoins, very few have outperformed Bitcoin (BTC) in the past three months, suggesting that the Altseason wont happen yet. As the website states, the CMC Altcoin Season Index page provides real-time insights into whether the cryptocurrency market is currently in Altcoin Season, based on the performance of the top 100 altcoins against the flagship crypto over the past 90 days. Under this metric, an Altseason is in if 75% of the top 100 altcoins outperform BTC during the established period. To CZ, This is a tough ranking system, as he considers that 50 would be a good score for Altcoins. The CMC index page shows a score of 14/100, with only 14 altcoins outperforming BTC since early December. Some of the tokens in this list include Monero (XRM), Hyperliquid (HYPE), Pi (PI), Mantra (OM), Berachain (BERA), and the official Trump memecoin (TRUMP). Leading cryptocurrencies of 2024, like SUI and Solana (SOL), show 37% to 41% price decreases in the past 90 days. Meanwhile, memecoin sensations like dogwifhat (WIF), PEPE, FLOKI, and BONK have bled between 70% and 80% during this period. Analyst Michaël van de Poppe also noted that altcoins have had an overall negative performance on higher timeframes despite some recent price rallies. Massive green day on some Altcoins, they are up 2%! Then, you zoom out, and you zoom out, and you zoom out, he asserted. Altcoins Bottom Could Be Near Altcoin Sherpa stated that altcoins were in about the same or worse positions during the Summer 2024 retrace, pointing out that things were also pretty bleak overall and then we saw some strong bounces in August. However, he noted that, unlike last year, the market doesnt have a Trump Pump coming. Recently, some of the top cryptocurrencies saw a significant price increase after US President Donald Trump announced a strategic reserve that would include SOL, XRP, Cardano (ADA), Ethereum (ETH), and BTC. Nonetheless, after the March 6 executive order establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile, the White House AI and Crypto Czar, David Sacks, clarified that the previously named altcoins were used as references for the most valuable tokens in the market. Sherpa considers that the markets bottom is close, but we still also probably have the chop period to get through before any substantial recovery. On the contrary, some industry figures have also commented on altcoins overall performance this cycle, suggesting that the Altseason already started but will be different from previous cycles. Related Reading: Stellar (XLM) Price Setting Up For Rally To $1.60 Here Are The Levels To Watch Recently, CryptoQuants founder and CEO, Ki Young Ju, stated that the Altseason had begun. He affirmed there will not be a direct Bitcoin-to-altcoins rotation this cycle, as BTC dominance isnt the key metric that defines it. To the CEO, trading volume is the metric that defines it this time. Ju also pointed out that this will be a very selective and challenging altseason, with only a few altcoins with strong narratives expected to thrive. Featured Image from Unsplash.com, Chart from TradingView.com
U.S. President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve, marking a major shift in the governments approach to digital assets.
The post Trump Establishes Strategic Bitcoin Reserve Ahead of Crypto Summit appeared first on Kanalcoin.
SB 1373 creates a fund from seized digital assets, while SB 1025 would allow Arizona's Treasury and retirement system to invest in Bitcoin.
BTC's risks have diminished over time, but the US Strategic Bitcoin Reserve officially removed the last significant threat to its future, according to Bitwise exec.
Crypto detective ZachXBT alleged that the mysterious Hyperliquid whale thats been making headlines across the crypto community is suspected to be a convicted criminal from the UK. The trader has made around $20 million in profit from leveraged trading, raising questions about their identity. Related Reading: Bitcoin To Get Interesting As Price Retests $85,000 Here Are The Levels To Watch Mysterious Hyperliquid Whale Not A Crypto Insider On Thursday, ZachXBT shared an investigation revealing the Hyperliquid Whale as a British hacker previously charged with multiple crimes. The traders identity has been a hot topic among crypto investors over the past few weeks. According to the X thread, the trader was identified as William Parker, known as Alistair Packover, before he changed his name. Parker was arrested and sentenced in Finland in 2024 for stealing nearly $1 million from two online casinos in 2023. Since January 2025, the trader has made millions by opening several highly leveraged positions on Hyperliquid and GMX but gained attention this month for two specific trades. Right before US President Donald Trumps Strategic Crypto Reserve announcement on March 2, the whale opened a large Ethereum (ETH) and Bitcoin (BTC) long position on 50X leverage using address 0xe4d3. Following this trade, the crypto community speculated that the whale could be an insider, with some users alleging that the trader was linked to the Trump family due to their timing. Meanwhile, others suggested that the mysterious whale was tied to the North Korean hacking group Lazarus. The trader later opened a BTC short position on 40X leverage using address 0xf3F4, profiting $19 million from the two positions. After the whale closed its short position earlier this week, the crypto sleuth revealed that the trader was allegedly involved in illicit activity. Its funny watching CT speculate on the Hyperliquid whale when in reality its just a cybercriminal gambling with stolen funds, he initially responded to the speculation. Connecting The On-Chain Dots In the thread, ZachXBT shared four key counterparties of the 0xf3f address, including 0xe4d3, which he had identified. He also noted that the cluster was tied to Roobet, Binance, Gamdom, ChangeNOW, Shuffle, Alphapo, BC Game, and Metawin accounts. Additionally, the 0xf3f signed a message on-chain with an X account under the username @qwatio, which has seemingly been purchased recently. After the crypto detectives initial claims, the X user denied the cybercrime allegations and claimed the $20 million profits from the GMX and HL trades were clean and traceable on the blockchain. However, the on-chain investigator alleges that he would have to control the related wallets in this cluster for the $20M number to be accurate. Notably, an address in the cluster, 0x7ab, was found to have received funds from a phishing scam and an exploited casino game on Solana. Related Reading: SUI Ready For 15% Move Amid Key Level Retest Breakout Or Breakdown Ahead? Then, ZachXBT tracked down a recent payment from 0xe4d3 and obtained a UK phone number that seemingly connects the trader and the name William Parker. I tracked down a recent payment from 0xe4d3 to an unnamed person who confirmed they had been paid by the HL trader. They provided a UK phone number used to communicate with them. Public record reveals the name William Parker is likely tied to this number. The crypto sleuth concluded that Parker, who was also convicted three times in the early 2010s for crimes related to fraud, hacking, and gambling, has now gambled 6 figs into $20M using high leverage on-chain for the past two months, and will likely continue to do so. Featured Image from Unsplash.com, Chart from TradingView.com
North Carolina's SB327 and Minnesotas Bitcoin Act both aim to incorporate Bitcoin into state finances, offering new investment and tax payment options.
Arthur Hayes, the co-founder of BitMEX, has strongly opposed the proposed US Strategic Bitcoin Reserve (SBR), calling it a misguided initiative. In a Feb. 6 blog post, he argued that the reserve plan and a looming regulatory bill would do more harm than good for the crypto industry. Argument against SBR Hayes criticized the US […]
The post Arthur Hayes warns US Bitcoin reserve plan would be a misguided political stunt appeared first on CryptoSlate.
The document would see Russia create a bitcoin reserve similar to its traditional currency reserves.
Hut 8, one of the largest Bitcoin mining companies globally, has announced a significant strategic move aimed at creating a strategic Bitcoin reserve. The initiative, totaling $750 million includes a $500 million at-the-market (ATM) program and a $250 million stock buyback plan. Hut 8s Strategic Bitcoin Reserve Initiative Hut 8’s CEO, Asher Genoot, articulated the company’s vision, stating that the launch of the new ATM Program and Stock Repurchase Program has equipped the business with two powerful tools that he believes bolsters the firms ability to endure the markets volatility. Related Reading: BNB Surges 18% To Hit Record High Close To $800: Is Further Growth On The Horizon? The ATM program will allow Hut 8 to sell its common stock directly in the market, providing flexibility to raise funds as needed. In contrast, the stock buyback plan demonstrates the companys confidence in its long-term growth prospects. Genoot emphasized that these financial maneuvers send a clear message to investors about their belief in Hut 8s potential and its approach to treasury management. The net proceeds from the ATM program are earmarked for several growth initiatives. This includes investing in power and digital infrastructure, acquiring data centers, and purchasing Bitcoin to bolster its strategic reserve. Additionally, the funds may be allocated for general corporate purposes, such as repaying debts and enhancing working capital. Growing Trend Among Crypto And Traditional Financial Firms Sales under the ATM program will adhere to the guidelines outlined in the Securities Act of 1933 and will be conducted on the Nasdaq Global Select Market. Hut 8 disclosed it has filed the necessary prospectus and supplementary documents with the US Securities and Exchange Commission (SEC) to ensure full compliance with regulatory requirements. The stock repurchase initiative is part of Hut 8s broader capital management strategy. It allows the company to buy back up to 4.68 million shares, representing about 5% of its outstanding stock, over the next year. Importantly, both programs provide Hut 8 the flexibility to adjust their strategies based on market conditions, share prices, and regulatory requirements. Related Reading: XRP Under The Microscope: Will It Break $2.9? Key Support Levels And Future Targets As Bitcoin’s price has surged, particularly following the recent US elections, there’s been a noticeable trend among both crypto firms and traditional financial institutionsincluding healthcare, social media, and artificial intelligence sectorsto adopt similar strategies. Bitcoinist previously reported that just in November, nine global companies adopted Bitcoin as part of their treasury to capitalize on the previous month’s 40% surge which led to the cryptocurrencys current record high of $99,540. This is further bolstered by President-elect Trump’s proposal earlier this year in Nashville, where he announced his intention to create a national Bitcoin stockpile and a purchase strategy instead of selling the government’s current holdings, which are close to 1% of the total supply. At the time of writing, BTC is trading at $95,490, down 0.4% over the past 24 hours. Featured image from DALL-E, chart from TradingView.com
Primarily endorsed by Bitcoin proponents, GOP politicians, and Trump, heres how a Strategic Bitcoin Reserve could actually appeal to progressives.
Although the US dollar has lost over 90% of its value since 1913, it continues to dominate all other fiat currencies as a store of value.
Everyones heard Not your keys, not your coins. Unchained head of research Joe Burnett explains how investors can protect their Bitcoin.
VanEck said a US Bitcoin reserve could slash the national debt if the cryptocurrency increases to $42.3 million a coin by 2049.
Nic Carter lays out his arguments against a Bitcoin Strategic Reserve.
Worried about bitcoins pullback? Let me explain why this dip is nothing but a healthy pause in the bull run.
In an exclusive interview with Yahoo Finance, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his bullish outlook on Bitcoin, projecting significant price appreciation by the end of 2025. “We expect Bitcoin to be up above $200,000 by this time next year,” Hougan stated, attributing this forecast to three primary sources of demand: exchange-traded funds (ETFs), corporate investments, and governmental acquisitions. Hougan elaborated, “There are ETFs that are vacuuming up Bitcoin, public companies like MicroStrategy are accumulating Bitcoin, and now we’re seeing discussions about governments investing in Bitcoin. It ultimately boils down to supply and demandthere’s too much demand and not enough supply, which drives the price higher.” When probed about the sustainability of such demand, Hougan emphasized the gradual awakening of different investor segments to Bitcoin’s value proposition. “People just wake up to Bitcoin at different paces. We’ve seen retail investors engage first, followed by companies and financial advisors, and now institutions are recognizing that Bitcoin belongs in a diversified portfolio,” he explained. Related Reading: Bitcoin Top Here? What Historical HODLer Selloff Pattern Says “Bitcoin is now a global macro asset worth a few trillion dollars, and virtually every investor should have some exposure. We still have a large number of investors to go, which is why I believe we’re still early in this journey. We have many quarters to go, he added. How High Can Price Go If The US Buys Bitcoin? A pivotal aspect of Hougan’s forecast hinges on the potential establishment of a US Strategic Bitcoin Reserve (SBR). Addressing this, Hougan remarked, “If we do get a Bitcoin strategic reserve where the government is buying Bitcoin, as proposed in Senator Lummis’ bill for the government to purchase a million Bitcoin, $200,000 Bitcoin is going to be looking quaint. You’re going to be looking at three four $500,000 Bitcoin. It’s just too big a story because governments all around the world would have to do it.” Hougan admitted that he was first skeptical about Trump suggestions to establish a SBR. But over the months, it hasn’t gone away in fact we continue to see leaders in the Trump Administration suggest that they’re open to it, Hougan remarked. The Bitcoin CIO still thinks that the odds of the US government buying Bitcoin is less than 50%, but it’s not zero, he added. If it happens or if we start to see it happening in other countries, you’re going to see a rip up in Bitcoin that will make 2024 look pretty docel in comparison. Related Reading: Bitcoin Miners Now In Selling Mode For A Year: Should You Be Concerned? Hougan also highlighted the role of institutional platforms, specifically citing Coinbase as a potential major beneficiary in the evolving crypto landscape. “Coinbase is currently about half the size of Charles Schwab, and we believe it could surpass Schwab in brokerage size,” he noted. “Coinbase hasn’t had major competitors bubbling up to challenge it; it’s sort of had a degree of regulatory capture, if you can believe it. As a result, it’s been able to sustain its high margins in brokerages and then layer on things like stablecoins. [..,.] It’ll also help if it gets into the S&P 500; you see institutions buying it broadly. I think it’s a really unique situation driven by the fact that there was so much regulatory uncertaintyit cleared the competitive fat path and now it’s going to reap those rewards and build a really, you know, maybe an unsalable position leading this industry in the US.” Looking ahead to the broader market, Hougan anticipated an influx of crypto-related companies entering public markets. “We can expect firms like Kraken, Anchorage, and Chainalysis to go public, further normalizing the industry,” he stated. “This influx will lead to increased Wall Street coverage and institutional investment, setting the stage for a robust IPO window in 2025.” Despite the optimistic outlook, Hougan acknowledged potential risks that could impede Bitcoin’s growth. “The biggest risk is that politicians don’t deliver on their promisesif we don’t achieve regulatory clarity or fail to establish a strategic reserve, the expected bull market might not materialize,” he cautioned. “Regulatory and political factors are crucial drivers for crypto in 2025, and any setbacks in these areas could pose significant challenges.” At press time, Bitcoin traded at $104,212. Featured image created with DALL.E, chart from TradingView.com
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