Ricardo Salinas now directs 70% of his liquid portfolio to Bitcoin showcasing a substantial increase from his previous 10% allocation in 2020. During a Bloomberg interview the Mexican mogul emphasized his investment strategy focuses solely on Bitcoin gold and his own company shares. Salinas highlighted his avoidance of bonds and non-company related stocks underscoring a bold approach to his investments.

Amidst ongoing legal and tax disputes and plans to delist his flagship company Grupo Elektra Salinas remains a steadfast advocate for cryptocurrency. His current financial moves mark a significant shift in his investment outlook potentially influencing other high-net-worth individuals to follow suit.

A well-known proponent of Bitcoin Salinas is also making strides to integrate cryptocurrency into mainstream financial services. He aims to position his bank as the first in Mexico to accept Bitcoin demonstrating his commitment to not only investing in the currency but also enhancing its usability and acceptance.

Bloomberg

Sen. Cynthia Lummis (R-WY) visited the New York City “bitcoin bar,” PubKey, while in town for the sold out Bitcoin Investors Week conference hosted by bitcoin personality Anthony “Pomp” Pompliano.

Lummis then appeared live with Maria Bartiromo on Feb. 28 for Fox News’ “Mornings with Maria,” there to discuss largely:

“… the ‘extensive’ waste, fraud and abuse Elon Musk’s DOGE has found,” according to the Fox Business video’s title of the interview.

Bartiromo then turned the conversation toward the topic of bitcoin, asking the senator,

“I understand last night you bought drinks at (the) bitcoin-themed PubKey bar. But listen, you paid in…

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NYSE Arca has made a significant move by filing a 19b-4 form with the US Securities and Exchange Commission to launch a Dogecoin exchange-traded fund. This groundbreaking initiative handled by Bitwise aims to bring Dogecoin to the mainstream financial markets. Coinbase Custody will safeguard the holdings while The Bank of New York Mellon manages the cash assets and administrative tasks. This filing follows Bitwise’s S-1 registration and marks a pivotal moment in integrating cryptocurrencies with traditional financial structures.

The proposed Dogecoin ETF intends to mirror the real-time value of Dogecoin based on the CF Dogecoin-Dollar Settlement Price. By closely aligning the ETF’s value with Dogecoin’s market price the structure ensures transparency and reliability in tracking its performance. This strategic development signals a bright future for cryptocurrency in conventional investment portfolios positioning Dogecoin at the heart of financial innovation.

“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or “’34 Act”) and Rule 19b-4 thereunder, NYSE Arca, Inc.(“NYSE Arca” or “Exchange”), proposes to list and trade shares of the Bitwise Dogecoin ETF (the “Trust”) under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares),” the filing read.

SEC Filed

Cameron Winklevoss, a prominent crypto advocate, emphasized the importance of establishing a national Bitcoin reserve for strategic self-sufficiency and national security. Writing on X, Winklevoss argued that like other critical resources such as rare earth minerals and gold, Bitcoin should be stockpiled by nations to reduce foreign leverage and enhance economic independence.

Winklevoss’s assertion comes as a stark reminder of the stakes involved. He pointed out that early adoption of a Bitcoin reserve would enable countries to secure better prices compared to later entries. His call aligns with broader discussions on economic strategy where timing and resource acquisition play pivotal roles. According to him, this isn’t just an option but a strategic necessity.

Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed.

First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles Hoskinson,” former CoinDesk Chief Insights Columnist David Z. Morris wrote on X – Hoskinson’s Cardano (ADA) was announced to be included in the Reserve. “Cut cancer research to buy Cardano,“ another user posted. 

Others take issue with possible investment interests surrounding the Trump administration: Trump’s announcement is “a new level of corruption,” wrote communications strategist Derek Martin, detailing David Sack’s investment in…

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President Donald Trump has directed his crypto working group to establish a Crypto Strategic Reserve including major cryptocurrencies such as Bitcoin Ethereum XRP Solana and Cardano. Following this announcement Bitcoin’s value spiked reaching nearly $95000 before settling at around $93000. Concurrent gains in Cardano and XRP were recorded at 40% and 16% respectively showing a bullish trend in the crypto market.

Geoff Kendrick from Standard Chartered emphasized the significance of Trump’s initiative which aims to integrate cryptocurrencies like Bitcoin into stable global investment portfolios. He predicted Bitcoin could hit $500000 by 2028 fueled by increased investor access and its emerging role as a hedge against traditional financial uncertainties.

Ahead of the White House Crypto Summit expectations for substantial policy enhancements have surged. Kendrick highlighted Trump’s strategy could inspire similar state-level reserves in the U.S. potentially matching federal holdings with an estimated 200000 BTC. This strategic move by Trump signals a robust support framework for cryptocurrencies enhancing market stability and investor confidence.