Bitcoin in the News: As A Reserve For Companies And Venezuela
The idea of Bitcoin as a reserve holding is nothing new. It is, however, something that is gaining steam.
In this video I discuss the ideas in the following articles and how we could see BTC being added as a reserve for both companies and governments.
Here are the links to the articles:
https://u.today/us-companies-predicted-to-buy-10-billion-btc-in-18-months
https://bitcoinist.com/bitcoin-as-national-reserve-venezuela-leader/
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Governments are moving towards that reality, but there is still a long way to go for BTC to become an important part of central bank reserves; for now, gold is the most desired option.
I guess this is very good news for BTC holders and green candle chasers. This will be a big demand for BTC so prices should go up. Altcoins usually follow after BTC, so 2025 really does look like the time for the bull market. I guess a lot of these companies and countries are going to treat BTC like gold. I still think it is too volatile to be used as a reserve, but if a lot of these big entities hold large quantities of it, then it will stabilize eventually.
I've been wondering in recent times that crypto might soon become the main currency in the whole world. With many countries economy crumbling, crypto assets might become the only reliable financial assets to the world.
Good to know about the successes and advancement of Bitcoin. This means a lot to the crypto world.