We discussed how President-Elect Donald Trump campaigned on this idea. Other countries around the world are beginning to consider this idea.Then there's Michael Saylor, who continues to add to Microstrategy's Bitcoin holdings. He is even leveraging the position by taking on debt to increase his holdings.Microsoft shareholders will vote on whether to include BTC in its reserve holdings.All of this is combining to create massive buy pressure for the top cryptocurrency.
source
Rumble to Add $20 Million to Bitcoin
While significant corporations will make headlines, the genuine impact will be felt when a large number of organizations begin to implement this strategy.It's amazing when a single corporation contributes $1 billion. However, when 20 corporations spend $50 million, the impact is greater. The rationale is quite obvious. If one corporation decides not to add more (or faces financial difficulties), buying stops. This is not true when the asset is held by multiple companies.
source
Crypto keeps expanding.
The victory of Donald Trump sparked a lot of excitement in the cryptocurrency industry since he promised to take a pro-crypto stance. Many people were ecstatic when Gary Gensler announced that he was quitting as SEC chair.
He became the face of the Biden administration's anti-crypto policies. We saw both legal and public attacks alongside Senator Elizabeth Warren of Massachusetts.Despite the current administration's position, cryptocurrency has developed over the past four years. This demonstrates how a global industry that functions largely at the grassroots level cannot be halted. While the pace may have been impeded,