Over 40 countries have expressed intent to acquire #Bitcoin🕊️ as a sovereign reserve asset, according to Coinbase's John D'Agostino. https://t.co/D5Gj286FfB
Over 40 countries have expressed intent to acquire #Bitcoin🕊️ as a sovereign reserve asset, according to Coinbase's John D'Agostino. https://t.co/D5Gj286FfB
Japan’s MicroStrategy Metaplanet Eyes Bitcoin-Backed Digital Credit
Japan’s MicroStrategy Metaplanet announced a feasibility study with JPYC, Progmat and its securities subsidiary to explore Bitcoin-backed digital credit products. The initiative aims to combine BTC collateral, stablecoins and tokenization infrastructure for 24/7 issuance, settlement and interest payments. No issuance details have been finalized.
Standard Chartered Bank issues a bold assessment: the bottom has been left behind, and Bitcoin is on its way to $100,000 before the end of the year.
This forecast, issued by an institution that manages $1.1 trillion in assets, is not just optimism but a reading based on real data.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.