|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Adoption Surges Among Nations And Major Corporations
Dec 15, 2024 at 11:30 am
Hamada's proposal reflects a broader interest in diversifying national reserves with cryptocurrencies, particularly following recent discussions in the Japanese parliament about reserve movements in the US and other countries.
Japanese Lawmaker Pushes for Strategic Bitcoin Reserve amid Surging Institutional Interest
In a recent development, Japanese Member of Parliament Satoshi Hamada has called on his government to establish a Strategic Bitcoin Reserve, aligning Japan with a growing global trend where nations like the United States are exploring similar initiatives.
Hamada's proposal comes amid broader interest in diversifying national reserves with cryptocurrencies, especially following recent discussions in the Japanese parliament about reserve movements in the US and other countries.
This surge in interest follows Texas's significant legislative efforts, with the Texas House of Representatives introducing a bill to create a strategic Bitcoin reserve, led by Republican state Representative Giovanni Capriglione.
The proposed legislation would allow the state to accept taxes, fees, and donations in Bitcoin, with a commitment to hold these assets for a minimum of five years.
Capriglione, who announced the bill at an X Spaces event, highlighted the potential for such a reserve to enhance Texas's fiscal stability and strengthen its leadership in Bitcoin innovation.
“Probably the biggest enemy of our investments is inflation,” he said, adding that a strategic Bitcoin reserve could create a win-win scenario for the state.
The legislation, titled "An Act Relating to the Establishment of a Bitcoin Reserve within the State Treasury of Texas and the Management of Cryptocurrencies by Governmental Entities," reflects a broader trend of increasing institutional interest in Bitcoin as a strategic reserve asset.
This movement is not limited to nations; after President-elect Donald Trump's proposal for a US strategic Bitcoin reserve at the National Bitcoin Conference in Nashville earlier this year, there has been a marked increase in BTC adoption by various countries and private companies.
Bitcoinist reported that nine major firms from sectors like finance, healthcare, and artificial intelligence have adopted the market's leading cryptocurrency as a strategic reserve asset in the past month alone.
أكتوبر 2025 كأعلى نقطة رئيسية قادمة لسوق العملات الرقمية المشفرة BTC?
As these developments unfold, BTC has closed the week above the $100,000 mark, sparking speculation about its future trajectory.
Crypto analyst Ali Martinez points out that if Bitcoin follows historical trends observed in previous market cycles, the next market peak could occur in October 2024.
The analyst observes that in the last two cycles, it took approximately 1,065 days from the market bottom to the market top, while the duration from one market bottom to the next was around 1,430 days.
Martinez also identifies a critical support level for Bitcoin at $96,870, where roughly 1.45 million addresses accumulated around 1.42 million BTC. He adds that as long as this demand zone holds, there's a high probability that Bitcoin will continue its bullish momentum.
BTC trades at $101,477 at the time of writing, up 2% for the week after a brief consolidation period and a 7% drop towards $91,000.
DALL-E featured image, TradingView.com chart
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- US Senator Cynthia Lummis Meets With Incoming Treasury Secretary Scott Bessent to Discuss Establishing a Strategic Bitcoin Reserve
- Dec 15, 2024 at 02:55 pm
- In a significant step toward establishing a US strategic Bitcoin reserve, Senator Cynthia Lummis recently met with incoming Treasury Secretary Scott Bessent
-
- Hackers Compromise Drake's X (Formerly Twitter) Account to Promote Fraudulent Solana-Based Memecoin Called "Anita"
- Dec 15, 2024 at 02:45 pm
- Canadian rap superstar Drake's official X (formerly Twitter) account was compromised Saturday night, with hackers using it to promote a fraudulent Solana-based memecoin called "Anita," a play on his cartoon "alter ego," Anita Max Wynn.