PiCK
"U.S. Government's Probability of Introducing Bitcoin (BTC) Strategic Reserve Next Year is Less Than 10%"
JH Kim
Summary
- Jeffrey Park stated that the probability of the U.S. government adopting Bitcoin as a strategic reserve is less than 10%.
- He mentioned that the introduction of a Bitcoin strategic reserve is the only factor for BTC price increase.
- Currently, Bitcoin is trading at $96,159.46.
Jeffrey Park, a portfolio manager and head of alpha strategies at Bitwise Asset Management, a virtual asset (cryptocurrency) asset management company and issuer of Bitcoin (BTC) spot exchange-traded funds (ETFs), stated on the 26th (local time) via his X (formerly Twitter) that "the probability of the U.S. government adopting Bitcoin as a strategic reserve by 2025 is less than 10%."
He further explained that "the introduction of a Bitcoin strategic reserve by the U.S. government is the only factor that could drive the BTC price above $1 million next year."
Meanwhile, BTC is trading at $96,159.46, down 2.13% from the previous day, as of 00:29 on the 27th, based on the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
