– Eric Balchunas (@ericbalchunas) January 24, 2025
Bitcoins has been for him for years. And on Tuesday, President Donald Trump celebrated his crusade pledge to pardon Silk Road founder Ross Ulbricht.
The Bitcoin enthusiast and founder of the dark internet electronic commerce site, mainly used to buy Bitcoin drugs, launched a great gratitude to President Trump.
But Ulbricht, who went to prison in 2013, would possibly be sitting in a gold mine: intact Bitcoin wallets connected to Ross Ulbricht and Silk Road now have more than $ 47 million of the asset.
Ulbricht has been considered for a long time as a hero in the Bitcoin network for having created one of the first markets to settle for cryptocurrency. And it cannot be verified that the wallets really belong to it, it is not beyond the mastery of the possibility.
Before the surprise Victoria of Donald Trump on November 5, the president had promised plans for a strategic Bitcoin reserve. But after signing its first cryptographic executive order on Thursday, which addressed the option of a crypto stockpile, Bitcoiners saw one thing, not to mention its beloved orange medal, only “digital assets. “
“The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts,” the order read.
The news has the fiery bitcoins, which introduced the same old insults into “Shitcoiney” and which they think may lead the government to expand a hidden position of other virtual documents.
Ripple is actively pressing to avoid a strategic Bitcoin reserve in the United States while pushing its centralized and controlled token.
We will protect it. pic. twitter. com/ehldjhxyr9
– Jack Mallers (@jackMallers) January 24, 2025
Corporate Microstrategy software shareholders are in the company’s Bitcoin strategy: they voted on Tuesday for a 30X construction in the number of non -unusual class A actions allowed so that companies can have more resources to buy the cryptocurrency.
The news came when the company announced its last purchase of Bitcoin, which raised its holdings to 461,000 Bitcoin, more than USD 48 billion. On Friday, the corporation said it would change more than 1,000 million dollars of its existing debt that accumulated at the beginning when the hiding place was built.
Elsewhere, British multinational bank Standard Chartered, which has come out with very bullish predictions in the past, said in a Wednesday note that Bitcoin would continue to soar as pension funds enter the space.
Banking analysts have planned that the enthusiasm of asset establishments can mean that the component reaches $ 200,000 until the end of 2025.
But there was an even greater value for Bitcoin of the main players this week. The Blackrock CEO, Larry Fink, said the development of adoption can carry the value of the asset to $ 700,000, while the founder and CEO of Coinbase Brian Armstrong has projected a value in the “millions of millions” to an indeterminate moment in the future.
Edited by Andrew Hayward
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