bitcoin adoption

Tiger21’s Michael Sonnenfeldt Reveals $6B in Crypto Holdings

Michael Sonnenfeldt, Chairman of Tiger21, a global network of ultra-wealthy investors, has disclosed that the firm holds approximately $6 billion in cryptocurrency. He also stated that the network of high-net-worth investors remains bullish on Bitcoin. The Ultra-Wealthy Are Bullish on BTC “We have about 1% to 3% of $200 billion in assets, so about $6...
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Czech Point: Prague Central Bank Wants Bitcoin, Lummis Freaks Out

The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times Wednesday. On Thursday, the Czech National Bank (CNB) said it would start analyzing the prospects of introducing additional asset classes to its reserve,...
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Italy’s Largest Bank Makes History With €1M BTC Purchase: Report

Italy’s largest banking institution, Intesa Sanpaolo, has reportedly bought Bitcoin worth €1 million. The transaction marks the first direct cryptocurrency purchase by a bank in the country, potentially reshaping its cautious approach to digital assets. Breaking Tradition Rumors of the acquisition first emerged on 4chan after a user shared screenshots of emails attributed to Intesa’s...
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Oklahoma Senator Introduces Bitcoin Freedom Act to Boost Crypto Adoption

Republican Senator Dusty Deevers of Oklahoma has proposed SB325, the Bitcoin Freedom Act, a bill designed to integrate BTC into Oklahoma’s economy by allowing employees to opt for Bitcoin as a payment method and enabling businesses to accept such transactions. Deevers framed the proposal as a response to inflation, which he said undermines the purchasing...
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US Entities’ Bitcoin Holdings Reach Massive Record: Details

The US entities’ share of global Bitcoin reserves has reached an all-time high amidst increasing confidence in the asset class. The figure is now 65% higher than non-US entities, according to CryptoQuant CEO Ki Young Ju. This milestone is based on an analysis of Bitcoin holdings by identifiable US entities – including miners, MicroStrategy (MSTR),...
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South Korea Experiences Dramatic Rise in Crypto Adoption: 610K New Investors in Nov

South Korea has experienced a dramatic surge in cryptocurrency adoption. In fact, a new report suggests that more than 15.5 million citizens now hold digital assets which represents roughly 30% of the country’s population. By November 2024, the number of crypto investors had increased by 610,000 compared to October amidst a broader trend of growing...
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KULR Technology Establishes Bitcoin Treasury with $21M Investment in BTC

KULR Technology Group has become the latest company to adopt a Bitcoin treasury strategy, announcing the acquisition of 217.18 Bitcoin (BTC) for approximately $21 million. In a December 26 post shared on X, the firm revealed the purchase was made at an average price of $96,556.53 per BTC. KULR’s Bitcoin Treasury Strategy An accompanying press...
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Institutional Bitcoin Holdings Surge to 31%: ETFs, Governments, MicroStrategy Lead the Charge

Institutional investors now account for 31% of all known Bitcoin (BTC) holders, reflecting a sharp increase from 14% in 2023. The uptick has been largely driven by spot Bitcoin exchange-traded funds (ETFs), government acquisitions, and MicroStrategy’s ramping up of its BTC strategy, which has seen its stash grow to over 440,000 BTC. ETFs, MicroStrategy, Drive...
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Bitcoin Hits Record $106.5K as Whale Wallets Surge Amid Trump Comments

Bitcoin surged to a new all-time high of $106.5K, marking a historic moment in its 16-year trajectory. As the world’s leading cryptocurrency gained almost 200% this year, there was a key contributing factor to this price surge. The latest data suggest a notable increase in whale wallet activity that has pushed it to a new...
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Texas Lawmaker Files Bill to Establish Strategic Bitcoin Reserve

Republican State Representative Giovanni Capriglione has officially filed to create a strategic Bitcoin (BTC) reserve for Texas. According to him, the bill is meant to enhance fiscal stability while solidifying the state’s leadership in digital innovation. The Proposed Legislation Capriglione announced the proposed Texas Strategic Bitcoin Reserve Act (H.B. No. 1598) during an X Spaces...
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Vancouver Council Votes in Favor of Exploring Bitcoin as a Financial Strategy

Vancouver’s city council has voted in favor of exploring the use of BTC in municipal finances, marking a significant step toward making the city “Bitcoin-friendly.” Mayor Ken Sim introduced the motion, which passed on Wednesday with strong support from six councilors. Two voted against it, and three were absent. Vancouver to Explore Bitcoin Integration The...
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Russian Lawmaker Proposes Strategic Bitcoin Reserve: Report

Anton Tkachev, a State Duma deputy from the New People Party, has formally proposed establishing a strategic Bitcoin reserve in Russia. Tkachev sent an appeal to Russian Finance Minister Anton Siluanov urging an assessment of the feasibility of creating such a reserve. Arguments in Support of the Initiative The document, cited by local media, highlights...
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Experts and Analysts React to Bitcoin’s Surge Past $100K: What’s Next?

Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the...
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Rumble Bets on Bitcoin as Inflation Hedge with New Treasury Strategy

Rumble, the popular online streaming and video platform, announced that its Board of Directors has approved a plan to diversify the company’s treasury by allocating a portion of its surplus cash into Bitcoin. As part of this new strategy, the company plans to invest up to $20 million in BTC, with purchases made at its...
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Vancouver Mayor Proposes a Motion to Make City ‘Bitcoin-Friendly’

Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by including Bitcoin on its balance sheet. The Mayor’s Plan During a November 26 Vancouver city council meeting, Sim introduced a...
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Bitcoin Goes Mainstream, Becomes World’s 7th-Largest Asset by Market Cap (Bitfinex)

Bitcoin’s (BTC) surge past initial resistance levels to new all-time highs last week led the cryptocurrency to become the world’s seventh-largest asset by market capitalization, a sign that it has gone mainstream. According to a Bitfinex report, BTC is now competing with Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), Google (GOOG), Amazon (AMZN), and Gold (GOLD)....
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Cynthia Lummis Reaffirms Vision for a Strategic Bitcoin Reserve in America

Wyoming Senator Cynthia Lummis has reiterated her commitment to establishing a strategic Bitcoin (BTC) reserve for the United States. The lawmaker, known for her strong pro-crypto stance, highlighted these plans following the recent Republican victories in the Senate, more so of largely digital asset-friendly legislators. Senator to Move Forward With Strategic BTC Reserve Bill In...
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Michigan State Retirement Fund Now Holds More Ethereum Than Bitcoin

The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13...
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Florida CFO Pushes for Bitcoin in State Pension Funds

Florida Chief Financial Officer (CFO) Jimmy Patronis wants to include Bitcoin (BTC) in the state’s pension fund investments. To that end, he has sent a formal request to Chris Spencer, the Executive Director of Florida’s State Board of Administration, highlighting the need for a digital currency investment pilot program. CFO Wants Bitcoin Feasibility Study In...
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Bitcoin Reward App Fold Submits S-4 Filing to SEC for Upcoming IPO

The Bitcoin (BTC) rewards app Fold has submitted its S-4 filing to the U.S. Securities and Exchange Commission (SEC), initiating the process for an initial public offering (IPO). The filing follows an announcement in July that it plans to go public through a merger with FTAC Emerald Acquisition Corp. Details of the Merger The filing...
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Former Chinese Finance Minister Calls for Closer Study of Cryptocurrency

At the 2024 Tsinghua PBC Chief Economist Forum, former Chinese Vice Minister of Finance Zhu Guangyao urged China to re-evaluate its approach to the crypto industry. He cited the evolving international stance on digital currencies, particularly in the United States, where the asset class has gained political support from key figures like U.S. presidential candidate...
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70% of Top US Financial Advisors Now Hold Crypto, Client Adoption Could Follow Soon: Bitwise CIO

Matt Hougan, Chief Investment Officer of Bitwise Asset Management, has reported a shift in crypto adoption among the country’s top financial advisors. Reflecting on his speech at the Barron’s Advisor 100 Summit last Friday, Hougan noted that 70% of the attending financial advisors now personally hold cryptocurrency, a noteworthy increase from just two years ago...
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India Leads 2024 Crypto Adoption Index Despite High Tax Rate

India has again ranked as the leading country with local investors adopting crypto. The latest metric comes despite the government’s continuous efforts to discourage digital asset adoption. According to Chainalysis’ latest research, seen by CryptoPotato, India also led last year’s Crypto Adoption Index. India Leads Crypto Adoption The study ranked global countries based on their...
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Bitcoin ETFs Are ‘A Small Tourist Tool,’ Not TradiFi Adoption Vehicle: Bianco Research CEO

The approval of spot Bitcoin ETFs in January was one of the biggest moves in crypto this year, with funds generating a surge in demand for BTC. However, eight months after their launch, interest in those products appears to be waning. In a recent post on X, Jim Bianco, the CEO of Bianco Research, stated...
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Here’s How Much El Salvador’s Cold Wallet Amassed Since Mid-March by Bitcoin Daily

Since March 16, the Salvadoran government’s cold wallet address has consistently purchased 1 BTC daily. In the process, it has accumulated 160 BTC over more than five months. El Salvador’s Government Buys 1 BTC Daily According to the latest data shared by Chinese crypto data account EmberCN, this strategic accumulation has brought the nation’s total...
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Metaplanet Stocks Surge by Double Digits After the Latest Bitcoin Acquisition

Tokyo’s Metaplanet investment firm revealed that it has acquired an additional 57.273 BTC, valued at approximately 500 million yen or $3.4 million amidst the current market lull to set the stage for long-term growth. This purchase is part of the strategy announced on August 8, following the firm’s acquisition of a 1 billion yen loan,...
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Bitwise CIO Hougan Says the Bitcoin Market ‘Is Not Bullish Enough’

Following the Bitcoin2024 conference, Bitwise CIO Matt Hougan has issued a bold call to crypto investors, urging them to rethink BTC’s potential upside. According to Hougan, the market is “not bullish enough” about the flagship cryptocurrency, and recent developments at the conference have highlighted a shift that could impact Bitcoin’s future value. Political Figures Support...
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Russia Moves to Legalize Cryptocurrency Payments Amid Sanctions Pressure: Report

According to a Bloomberg Report, Russia will soon legalize the use of cryptocurrencies for payments. This move is aimed at easing the growing difficulties faced by companies in making foreign payments due to U.S. sanctions over the war in Ukraine. Details on the New Bill and Legislation On Tuesday, Lawmakers in the State Duma, Russia’s...
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WisdomTree CEO Lists 3 Reasons Why Bitcoin Will See Mass Adoption Soon

In a recent interview with CNBC, WisdomTree CEO Jonathan Steinberg shared his optimistic outlook on the future of Bitcoin and cryptocurrencies, predicting their mainstream adoption within the next few years. Steinberg cited regulatory clarity, the emergence of publicly traded crypto funds, and the tokenization of real-world assets (RWAs) as the main drivers of this trend....
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Cantor Fitzgerald Announces $2 Billion Bitcoin Financing Initiative

Cantor Fitzgerald announced that it will open a Bitcoin financing business. The business will provide leverage to investors who hold Bitcoin and will launch with $2 billion in initial financing. Bitcoin Financing Business At the Bitcoin Conference 2024, Cantor Fitzgerald CEO and Chairman Howard Lutnick said on stage, “We will build the best platform for...
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Bitcoin (BTC) $ 97,192.04 1.80%
Ethereum (ETH) $ 2,731.83 5.55%
XRP (XRP) $ 2.48 3.63%
Tether (USDT) $ 1.00 0.05%
BNB (BNB) $ 716.04 13.89%
Solana (SOL) $ 196.52 1.31%
USDC (USDC) $ 1.00 0.00%
Dogecoin (DOGE) $ 0.263547 5.26%
Cardano (ADA) $ 0.781325 3.21%
Lido Staked Ether (STETH) $ 2,731.95 5.56%