Strategy's Michael Saylor hints at resuming Bitcoin buying spree
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2025-02-23 16:28:33
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2025-02-23 16:28:33
Spot Bitcoin exchange-traded fund investors have primarily been using the vehicle for arbitrage strategies, with just 44% of inflows tied to long-term investments, according to a crypto research firm. Spot Bitcoin ETFs in the United States have attracted around $39 billion in net inflows since their January 2024 launch. However, only $17.5 billion, less than…
Strategy co-founder Michael Saylor has suggested that the U.S. could purchase 20% of the Bitcoin supply “for free,” and that owning 4 to 6 million BTC would “pay off the entire national debt.” Appearing at the annual CPAC conference, Saylor spoke in favor of a strategic Bitcoin reserve, arguing that “the dollar would strengthen” if…
1 of 2 | Republican lawmakers have introduced enabling legislation to create a national strategic Bitcoin reserve for the cryptocurrency seen in an illustration photo on March 18, 2023. File Photo by John Angelillo/UPI | License Photo March 11 (UPI) — Newly introduced U.S. House and Senate bills would create a strategic Bitcoin reserve with…
Franklin Templeton Unveils Crypto Index ETF Tracking Bitcoin and Ethereum Franklin Templeton has introduced the Franklin Crypto Index ETF (EZPZ), which offers exposure to Bitcoin and Ethereum. The ETF is custodied by Coinbase, with an initial allocation of approximately 87% Bitcoin and 13% Ethereum. The fund has a sponsor fee of 0.19%, which will be…
A crypto strategist known for making timely Bitcoin calls believes that BTC will print a new all-time high in a couple of months. Pseudonymous analyst Credible Crypto tells his 462,900 followers on the social media platform X that he thinks Bitcoin is trading in a wide range between $110,000 and $88,000. While the analyst believes…
Bitcoin‘s (BTC -1.04%) price soared nearly 290% over the past two years. That rally was driven by the approvals of its first spot-price ETFs last January, its halving (which reduces its mining rewards) last April, expectations for lower interest rates, and the Trump administration’s crypto-friendly policies. The world’s top cryptocurrency also gained traction among institutional…