Bitcoin
Bhutan Bitcoin Sales Hit $100 Million As BTC Drops Below $90,000
The Royal Government of Bhutan recently sold 367 Bitcoin, valued at approximately $33.5 million, via Binance.
Data from Arkham Intelligence shows the transaction occurred on Thursday morning when Bitcoin’s price exceeded $90,000. Since then, Bitcoin has dropped over 3% to $87,000.
Bhutan Is Still the First-largest Government Bitcoin Holder
This sale follows a $66 million Bitcoin transaction two weeks ago, executed when BTC reached $70,000. Combined, Bhutan has liquidated nearly $100 million worth of Bitcoin in the past month.
Arkham data shows that Bhutan still holds 12,206 Bitcoin, currently worth nearly $1.11 billion. These assets are managed by Druk Holding & Investments. The government appears to capitalize on price surges, selling portions of its holdings during market rallies.
Bhutan ranks as the fifth-largest government holder of Bitcoin, trailing the United States, China, the United Kingdom, and Ukraine. Unlike other nations, which often acquire Bitcoin through asset seizures, Bhutan mines its Bitcoin, leveraging its hydroelectric resources.
Governments Continue to Benefit From the Market Rally
Much like Bhutan, several governments are looking to reap economic benefits from their Bitcoin reserves in the current market rally. El Salvador is leveraging the Bitcoin surge to buy back its national debt.
In 2021, El Salvador became the first country to adopt Bitcoin as legal tender. Since then, the country’s BTC reserve has grown to over $515 million. The country even recently raised $1.6 billion in funding to build the first Bitcoin City.
Bitcoin has been rapidly progressing towards mainstream adoption throughout this year. The approval of Bitcoin ETFs back in January drove significant retail investment in the cryptocurrency. There’s also a prominent regulatory shift in the US after Donald Trump’s re-election.
Earlier today, US Republican senator Lummis proposed a bill to sell the Federal Reserve’s gold and buy 1 million BTC to boost the government’s Bitcoin reserves.
The state of Pennsylvania also introduced a bill to allocate 10% of state funds to buying BTC. The state proposes to use Bitcoin as a hedge to combat inflation and diversify its investments.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Bitcoin Price And The Trump Effect: Here’s What Happened The Last Time Donald Trump Was President
The Bitcoin price has soared to a new all-time high, driven by the bullish sentiment generated by the Donald Trump effect following the just-concluded US Presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, surging to new ATHs around that time.
The Trump Effect On The Bitcoin Price
Crypto analyst Mags has taken to X (formerly Twitter) to discuss Bitcoin’s bullish reaction to Trump’s recent Presidential victory in the US elections. According to the analyst, the last time Trump won the Presidential election in 2016, the Bitcoin price jumped 2,700% and peaked in just 400 days.
This historic run not only solidified Bitcoin’s stance in the mainstream market but also highlighted the massive influence specific political changes have had on a cryptocurrency’s value. Based on Mag’s analysis, Trump’s return to the White House after winning the recent US Presidential elections could catalyze another bullish wave for Bitcoin.
The pioneer cryptocurrency is already seeing a massive price increase after Trump’s win. However, the analyst is projecting an even higher bullish outlook for Bitcoin. Mags has revealed that if history repeats itself in this cycle, then Bitcoin could hit a peak around December 2025 or sometime in Q4 of next year.
In 2026, Bitcoin’s price was around $145 to $215. However, after its Trump-induced rally in 2018, the cryptocurrency skyrocketed to $16,000. Unlike this historic 2,700% surge, Mags has projected a less excessive price increase for Bitcoin this cycle.
The analyst forecasts that if Bitcoin experiences a modest 240% run this cycle, the cryptocurrency could see its price hitting a peak of around $250,000. Mags highlighted an even higher price leap in his price chart, suggesting a potential rally towards the $420,000 mark.
Following the analyst’s bullish prediction and analysis of Bitcoin’s future price movements, many crypto community members shared varying perspectives. One member disclosed that if Bitcoin could see half of the growth it experienced after the Trump win in 2016, the cryptocurrency’s next price top would be “huge.” This would represent a 1,350% increase, pushing Bitcoin’s price to approximately $1,215,000 from its current value.
Another crypto member took a more realistic approach, revealing that a 2,400% rally for Bitcoin was impossible at its current level. However, a $250,000 price surge was a more plausible macro target for the cryptocurrency.
BTC Tops Out At ATH Above $93,000
According to market intelligence platform Santiment, the Bitcoin price has topped out at a new ATH of around $93,490. This massive price increase has been attributed to the growing hype across various social media platforms following Trump’s win in the concluded US Presidential elections.
Given how fast and strong Bitcoin’s bullish momentum is growing, Santiment has revealed that the most significant indicators hint at future price surges above $100,000. As of writing, the Bitcoin price has dropped slightly to $89,763 after increasing by approximately 20% this past week.
Featured image created with Dall.E, chart from Tradingview.com
Bitcoin
57% of Investors Eye More Crypto
Institutional interest in cryptocurrency has reached new heights. A recent survey by Sygnum Bank revealed that 57% of institutional investors and finance professionals plan to increase their exposure to crypto assets.
This enthusiasm reflects a substantial shift in how major players view the long-term value of digital assets.
Shifting Sentiments and Increased Allocations, Sygnum’s Findings
The survey represents insights from banks, hedge funds, multi-family offices, asset managers, and other investment-focused entities. It was conducted across 27 countries with over 400 respondents, with respondents averaging over a decade of experience.
Notably, about one-third (33.33%) of these participants are Sygnum clients. The findings highlight a rising appetite for high-risk investments in crypto and show growing confidence in the digital assets space.
Among the key takeaways is that nearly 65% of respondents maintain a bullish long-term view of crypto. Meanwhile, 63% plan to allocate more funds in the next three to six months. Additionally, 56% are expected to adopt a bullish stance within a year, potentially fueled by Bitcoin’s recent surge toward all-time highs (ATH).
More than half of the survey respondents already hold over 10% of their portfolios in crypto. Meanwhile, 46% plan to increase their allocations within six months, while 36% are waiting for optimal entry points. This commitment signals an enduring belief that digital assets can offer superior returns to traditional investments—a view shared by nearly 30% of survey respondents.
When it comes to investment strategy, single-token holdings are the most popular approach. Based on the research, 44% of participants opt to invest in individual tokens. Actively managed exposure, where portfolios are adjusted based on market performance, follows closely with a 40% preference.
This continued commitment to increasing crypto exposure, even amid market fluctuations, signals the growing perception of digital assets as a “megatrend” investment.
“This report tells the story of progress and calculated risk, the use of a diverse set of strategies to leverage opportunities, and most of all, the continued belief in the market’s long-term potential to reshape traditional financial markets,” said Lucas Schweiger, Sygnum’s Digital Asset Research Manager.
Strategic Approaches and Investment Trends
Layer-1(L1) blockchains, which serve as foundational platforms for building decentralized applications (dApps), rank as the top investment interest. Web3 infrastructure and decentralized finance (DeFi) ventures follow closely.
Interestingly, tokenized assets, including corporate bonds and mutual funds, have gained more traction than real estate investments, which led to 2023. This shift highlights how crypto adoption is influencing traditional sectors, offering new possibilities for asset tokenization.
Previously, regulatory uncertainty was seen as the biggest hurdle for institutional crypto investments. However, the survey highlights that 69% of respondents now see regulatory clarity improving, shifting concerns toward asset volatility and security. This indicates a maturing market where investors prioritize effective risk management over regulatory barriers.
The appetite for deeper insights into market-specific risks is evident. Up to 81% of participants stated that access to better information would encourage them to increase their allocations. This shift suggests that market intelligence, strategic planning, and technological research are critical factors for institutions venturing into the crypto playing field.
Institutional enthusiasm for crypto is part of a broader trend across the US. Digital assets are no longer just speculative plays for individual investors. As BeInCrypto reported, crypto is increasingly seen as a long-term investment opportunity rather than a gamble.
Furthermore, the introduction of Bitcoin ETFs (exchange-traded funds) has added credibility to crypto as an asset class. Political influences also play a significant role. President-elect Donald Trump’s recent win could bolster crypto’s status in the US, with some analysts believing that his pro-business stance may further enhance institutional involvement in the sector.
This could bring additional visibility to the industry and potentially lead to more favorable regulations that further incentivize long-term investments in digital assets. Nevertheless, some market observers are skeptical about the implication of the growing institutional adoption of crypto, with the likes of BlackRock and MicroStrategy progressively growing their Bitcoin portfolios.
“Does this not defeat the whole purpose of “decentralization”? BlackRock will be the biggest hodler, it doesn’t get much more centralized than that,” one X user noted.
The Sygnum survey echoes recent findings, where BeInCrypto reported that over 80% of crypto investors are optimistic about the future. Many believe the current bull market is poised to continue.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Bitcoin
Peter Schiff Offers Sarcastic Bitcoin Advice for Trump Media
Peter Schiff, a long-time economist and vocal critic of Bitcoin, has once again stirred the crypto pot. This time, he is targeting Trump Media & Technology Group (TMTG), the company behind the stock ticker DJT.
In a bold and potentially tongue-in-cheek tweet, Schiff suggested that TMTG, which he claims “doesn’t actually have a business,” should consider taking a page from MicroStrategy’s playbook.
In a post on X (formerly Twitter), Schiff says that TMTG should convert its cash holdings into Bitcoin (BTC). Further, he urges Trump Media & Technology Group to borrow billions and issue more shares to buy even more Bitcoin, setting DJT stock up for a “moonshot.”
“Since DJT stock does not actually have a business, why doesn’t it just use its cash to buy Bitcoin?” Schiff wrote.
Likely, with his usual hint of irony, the Bitcoin skeptic urges the firm to follow the Michael Saylor business playbook.
“Borrow billions and issue more shares, then use the money raised to buy even more Bitcoin,” he added.
This suggestion may seem uncharacteristic, given Schiff’s history with Bitcoin. He recently dismissed the BTC price surge as the “biggest bubble in history.” Schiff has been one of Bitcoin’s most relentless critics, frequently arguing that the asset lacks intrinsic value and will eventually crash.
Recently, he openly stated that many of his Bitcoin-related tweets are sarcastic, adding a layer of humor to his otherwise pessimistic views on the cryptocurrency. For Schiff, this latest comment appears to play into that tone, positioning TMTG’s potential Bitcoin strategy as a satirical example of the high-risk approach taken by companies like MicroStrategy.
“Peter would rather swim in salt instead of just buying some Bitcoin,” one user on X quipped.
However, Schiff’s call-out to Trump Media may also reflect his skepticism about TMTG’s business model. DJT has been volatile since its launch, with critics questioning its long-term viability.
The economist’s suggestion to pour the company’s cash reserves into Bitcoin could be viewed as a jab at both the speculative nature of cryptocurrency investments and TMTG’s business fundamentals.
MicroStrategy’s Aggressive Bitcoin Moves as a Blueprint
MicroStrategy, a business intelligence firm led by CEO Michael Saylor, has indeed gone all-in on Bitcoin. It recently announced its largest Bitcoin purchase to date. In total, the company holds over 160,000 BTC and plans to continue buying, with ambitions to invest up to $42 billion more in Bitcoin between 2025 and 2027.
This strategy has seen MicroStrategy leverage its balance sheet and even issue debt to fund its acquisitions, essentially betting the company’s future on Bitcoin’s success.
For Saylor, Bitcoin represents a safe haven and a hedge against inflation, especially given his belief in the US dollar’s declining purchasing power. Saylor’s approach has boosted MicroStrategy’s stock value, although it has also introduced significant volatility due to Bitcoin’s notorious price swings.
“This year, MSTR [MicroStrategy stock] treasury operations delivered a BTC Yield of 26.4%, providing a net benefit of approximately 49,936 BTC to our shareholders. This is equivalent to 157.5 BTC per day, acquired without the operational costs or capital investments typically associated with bitcoin mining,” Saylor shared recently.
It is worth mentioning that MicroStrategy leverages debt to grow its Bitcoin portfolio while managing existing debt obligations. Since 2020, the firm has employed this approach, raising billions of dollars to acquire Bitcoin.
As Schiff has previously labeled Bitcoin a speculative asset bound to implode, his suggestion that TMTG should mimic MicroStrategy’s tactics might be loaded with irony. By invoking MicroStrategy’s strategy in a sarcastic tone, he is likely reminding investors of the risks involved in placing a company’s future in such a volatile asset.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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