Tag Archives: Bitcoin

US Senator Cynthia Lummis announced on Saturday her intention to introduce legislation for a groundbreaking “1-million-unit Bitcoin purchase program.” This proposed initiative aims to create a strategic Bitcoin reserve to enhance the strength of the US dollar and solidify the nation’s position in the global financial system. The program, valued at over $68 billion based on current Bitcoin prices, seeks …

Introduction: In a bold and visionary move, the administration of President Kennedy has unveiled a plan to reimagine the U.S. financial system by embracing the concept of a hard currency standard, with Bitcoin playing a central role. This potential policy envisions a future where the U.S. dollar’s eroding position as the world reserve currency is reinforced by the absolute scarcity …

Introduction: Standard Chartered, a prominent international bank, has made bold predictions regarding the value of Bitcoin, the leading cryptocurrency. According to Reuters, the bank anticipates a surge in Bitcoin’s price, with projections reaching $50,000 in 2023 and an impressive $120,000 by the end of 2024. Bitcoin’s Potential Growth: Standard Chartered initially published a forecast of $100,000 for Bitcoin by the …