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"If we do get a bitcoin strategic reserve where the government is buying bitcoin … $200,000 bitcoin is going to be looking quaint. You're going to be looking at $300,000, $400,000, $500,000 bitcoin.
"The limited supply of bitcoin makes it attractive," Nikhil Bhatia, a professor of finance and business economics at the University of Southern California who studies cryptocurrency, told ABC News.
A strategic reserve is a stock of a critical resource which can be released at times of crisis or supply disruptions. Bitcoin hit a record high above $107,000 on Monday after President-elect ...
The price of bitcoin surpassed $100,000 for the first time on Friday, soaring to a fresh high as the world’s largest cryptocurrency extended a rally set off by the election of former President ...
Owning 1 million Bitcoins, equivalent to 5% of the current circulating supply, would make America a "Bitcoin superpower," as Trump promised on the campaign trail. Other nations would likely need ...
Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender ...
The No. 2 digital currency ether was up 1.85% at $3,975.70. ... Governments around the world held 2.2% of bitcoin's total supply as of July, according to data provider CoinGecko, with the United ...
Bitcoin zoomed past $63,000 Thursday, putting it within striking distance of its all-time high of nearly $69,000 reached in November 2021. It was changing hands at about $62,220 early Friday.
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