According to a recent report from Incrementum, revealed in “The New Gold Playbook” and shared by Tuur Demeester of Adamant Research, there is growing institutional interest in Bitcoin and ever-increasing comparisons between the digital currency and gold. Data from the report shows an increase in central bank gold holdings, while US debt holdings recorded a decrease, proving an outflow from the traditional fiat currencies.

Currently, Bitcoin’s market capitalization is near 10% of gold’s, currently at 8.4%, with a valuation of $1.4 trillion against gold’s $16 trillion, proving Bitcoin’s growing appeal as an asset class, mirroring the precious metal but with a massive advantage in supply dynamics since 94% of Bitcoin’s finite 21 million coins are already mined. This follows a strategic focus of incrementum’s crypto gold fund on non-inflatable assets, which already suggests a strong trajectory for Bitcoin’s adoption as a preferred asset for global economic shifts.

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At the recent MicroStrategy World: Bitcoin for Corporations conference, Alex Thorn, Head of Research at Galaxy Digital, provided valuable insights into the evolving landscape of Bitcoin adoption by Wall Street and corporations.In an interview with Bitcoin Magazine, Thorn explored how Wall Street has begun to embrace Bitcoin, the dual nature of Bitcoin’s role as both a treasury asset and a technological tool and how both institutional investors are beginning to see bitcoin as more of a safe haven asset.

Bitcoin: Treasury Asset Or Technological Tool?

When asked whether corporations are more likely to view Bitcoin (BTC) as a treasury asset or utilize its underlying technology, Thorn…

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The US is well-known for the Second Amendment. Actually, the right to arms may be described as one of the national characteristics of the US state. Some will say that without second amendments the US would just remain an overseas Europe. And what is happening now in bitcoin regulation might become the same legal pillar of the US nation.

The right to “keep and bear Arms” was included to provide for national defense, check federal tyranny, and balance power between the people, states, and federal government. Anti-federalists believed that a centralized standing military, established by the Constitutional Convention, gave the federal government too much power and the potential for violent…

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BIGCAP COINS:

1. Pepe: Market Cap of $5.7 Billion.
2. Bitcoin: Market Cap of $1.3 Trillion.
3. Ethereum: Market Cap of $451 Billion.

MIDCAP COINS:

1. Notcoin: Market Cap of $510 Million.
2. Gorilla: Market Cap of $4.3 Million.
3. Oasys: Market Cap of $155 Million.

RISING COINS:

1. Mog Coin: Market Cap of $389 Million.
2. Non-Playable Coin: Market Cap of $81.6 Million.
3. Banana: Market Cap of $4.8 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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New data from IntoTheBlock—a leading on-chain analytics firm—builds a growing trend in the cryptocurrency market. The world’s top digital currency, Bitcoin, has reached the price level of around $70,000. Major Bitcoin holders—or, rather, those who hold between 1,000 and 10,000 BTC—have increased their portfolios. The price of the asset has, since then, increased during that period and is now currently selling at $70,000.

Over the past seven days, such large-scale holders have collectively added a whopping 20,000 BTC to their bag. This kind of accumulation is close to $1.4 billion and has signaled an increased belief among a class of experienced investors in the enduring prospects of Bitcoin. This strong accumulation by key players is bullish and sets a cushion for the market to rally, possibly breaking new levels in the crypto space.

IntoTheBlock