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State employees’ pensions in North Carolina won’t be invested in Bitcoin or other cryptocurrency — at least, not yet. A new bill would allow the State Treasurer to put potentially billions of dollars from the State Pension Plan and other government accounts into crypto. But House Bill 92 was put on hold Tuesday by the…
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South Africa Reserve Bank(SARB) governor’s question, “Why not strategic beef reserve?” at the 2025 World Economic Forum in Davos may have been rhetorical, but Lesetja Kganyago’s seemingly sarcastic remark about “strategic bitcoin reserves” inadvertently underscored the need for Africa to rethink its economic strategies in the face of global financial shifts. In a world increasingly…
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A big Tuesday reversal in risk markets has seen bitcoin (BTC) climb nearly 10% from its weakest level of the session and the Nasdaq move into the green after being lower by nearly 2% earlier in the day. Buffeted about by Trump’s tariff threats for weeks, stocks and crypto initially were sharply lower today as…
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Coinbase co-founder and CEO Brian Armstrong believes the US crypto strategic reserve recently announced by President Donald Trump should exclusively consist of Bitcoin (BTC). On the social media platform X, Armstrong says having “just Bitcoin” in the US crypto strategic reserve “would probably be the best option.” According to the Coinbase CEO, Bitcoin comes with…
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Led by President Nayib Bukele, El Salvador apparently has no intention of stopping its accumulation of bitcoin (BTC) no matter what the IMF demands. “‘This all stops in April.’ ‘This all stops in June.’ ‘This all stops in December.’ No, it’s not stopping,” Bukele posted on X on Tuesday afternoon. “If it didn’t stop when…
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The first six weeks of US President Donald Trump’s second administration have been a wrecking ball for cryptocurrency markets. Since peaking above $109,000 on Inauguration Day, Bitcoin (BTC) crashed to a low of around $78,000 in late February before swiftly rebounding to $96,000 a few days later on Trump’s crypto reserve plans. However, 24 hours…
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The largest asset manager in the world says there is not enough Bitcoin (BTC) to meet the demand from American billionaires. In a new report titled “Why bitcoin? A perspective from model portfolio builders,” BlackRock analysts Michael Gates and Brett Wager details how Bitcoin is inelastic to demand, unlike gold. Unlike the yellow metal, the…
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The world’s top cryptocurrency faces unpredictable near-term headwinds. Leo Sun | The Motley Fool Bitcoin’s (CRYPTO: BTC) price reached its all-time high of more than $109,000 on Jan. 25. The approvals of its first spot price exchange-traded funds (ETFs) last January, its latest halving (which every four years cuts the rewards in half for mining…
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Jurrien Timmer, the director of global macro at Fidelity Investments, has opined that Bitcoin no longer appears to be overpriced following the recent correction. “When the price action gets noisy and volatile, it’s always good to return to the fundamentals of valuation,” he said on the X social media network. Timmer uses two key approaches for…
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