Atai Life Sciences a biopharmaceutical firm specializing in psychedelic treatments for mental health has invested $5 million in Bitcoin as part of a strategic move to weather the tough economic climate. Company founder Christian Angermayer explained that this decision aims to mitigate inflation risks and sustain operations during the prolonged and costly drug development process.

The investment reflects a broader trend among biotech companies to safeguard assets against economic downturns by diversifying into cryptocurrencies. Quantum Biopharma Semler Scientific and other firms have also committed significant funds to Bitcoin highlighting its potential to drive better returns and provide financial stability in volatile markets.

With this strategic shift Atai not only aims to secure its financial runway through 2027 but also enhances its resilience in facing biotech funding challenges. The move has sparked cautious optimism among investors recognizing the role of cryptocurrencies in strengthening corporate treasuries and supporting long-term research initiatives in the biopharmaceutical sector.

I’ve spoken with a number of politicians in the past few weeks. They all see bitcoin as a store of value and believe that U.S. citizens have the right to hold their private keys.

I can’t say that it doesn’t feel good to hear U.S. elected officials express these views and even propose bills that would codify pro-bitcoin legislation into law. It’s surely refreshing, especially after the political antagonism that Bitcoiners and the Bitcoin industry endured under the Biden administration.

With that said, there is still work to be done, and much of that work involves advocating to preserve our right to transact with bitcoin privately.

One of the best privacy-preserving tools we have…

Read more on BitcoinMagazine

After reaching an all-time high above $100,000, the Bitcoin price has entered a multi-week downtrend. This correction has naturally raised questions about whether Bitcoin is still aligned with the 2017 bull cycle. Here we’ll analyze the data to assess how closely Bitcoin’s current price action correlates with previous bull markets, and what we can expect next for BTC.

Bitcoin Price Trends in 2025 vs. 2017 Bull Cycle

Bitcoin’s price trajectory since the cycle lows set during the 2022 bear market has shown remarkable similarities to the 2015–2017 cycle, the bull market that culminated in Bitcoin reaching $20,000 in December 2017. However, Bitcoin’s recent downtrend marks the…

Read more on BitcoinMagazine

LAS VEGAS – March 20, 2025 – BTC Inc, the industry pioneer in Bitcoin news and organizer of the world’s largest Bitcoin conference, today unveiled its newly expanded Open Source Hub for Bitcoin 2025, slated for May 27–29 at the Venetian Conference Center in Las Vegas.

Building on a proven track record of success, this dedicated expansion underscores the event’s unwavering commitment to fueling collaboration, exploration, and breakthrough innovation within Bitcoin’s open-source ecosystem.

The Open Source Stage remains a cornerstone of the event, hosting in-depth discussions with Bitcoin Core developers, Lightning engineers, and privacy researchers.

This…

Read more on bitcoinnews

White House AI and Crypto Czar David Sacks recently engaged with UAE officials including Sheikh Tahnoon Bin Zayed to discuss the integration of emerging technologies and expansive investment in the US. This strategic meeting highlighted the UAE’s keen interest in amplifying its economic footprint through cutting-edge sectors like AI and digital currencies. Sheikh Tahnoon expressed optimism about the potential for these technologies to drive future investment opportunities.

During a cordial dinner hosted by US President Donald Trump significant discussions unfolded focusing on enhancing the bilateral partnership to boost economic and technological advancement. Trump emphasized the importance of this collaboration on his Truth Social platform underscoring its benefits for both countries’ economic landscapes.

The convergence of these talks is poised to usher in substantial UAE investments into the US particularly in technology and AI. With plans like the Stargate project aiming to establish AI data centers across the US this partnership marks a significant stride in technological collaboration and economic growth.