Bitcoin News
By James Thorp
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As Bitcoin continues to cement its position as a serious global financial asset, a new prediction from Galaxy Digital’s Head of Research, Alex Thorn, has added fuel to…
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In a recent appearance on Bloomberg Crypto, Thorn explained that the U.S. is already in possession of a notable amount of Bitcoin from previous law enforcement seizures.
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The prediction is backed by policy developments from earlier this year. In March, the U.S. government issued an executive order to establish the Strategic Bitcoin Reserve (SBR)…
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Thorn emphasized that budget-neutral acquisition methods are not only possible but practical. He pointed to a strategy where the U.S.
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Further adding credibility to the possibility of a Bitcoin accumulation plan is the growing support from top U.S. officials.
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According to Thorn, this unified direction suggests that the groundwork for official Bitcoin acquisitions has already been laid.
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Thorn also highlighted that Bitcoin’s performance during recent market volatility has shown a level of maturity that appeals to institutional investors.
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If the U.S. does proceed with its first direct Bitcoin purchase for the SBR, it would mark a pivotal moment in the evolution of cryptocurrency.
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