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The US Bitcoin mining industry has grown from a niche technology sector into a major economic force, generating more than $4.1 billion in gross product annually and supporting over 31,000 jobs nationwide, according to a new economic impact study released in January 2025. This growth comes as twenty
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According to a recent SEC filing, Wisconsin's state pension fund has substantially increased its position in BlackRock's Bitcoin ETF, joining a growing number of states exploring cryptocurrency investments. The State of Wisconsin Investment Board now holds 6,060,351 shares in the iShares Bitcoin Trust (IBIT)
100 Reasons For Bitcoin
Nations holding Bitcoin reserves open direct paths for international trade and joint ventures without relying on third-party financial institutions. Through the Bitcoin network, countries can transfer value and settle transactions in minutes rather than days, reducing costs and complexity in cross-border cooperation. This system enables faster execution of shared infrastructure
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I predict Bitcoin will reach $120,000 by June 2025 and stabilize at this level until mid-autumn, after which it will continue to grow. Government interest in Bitcoin has become the main factor behind this prediction. Twenty U.S. states are reviewing legislation to add Bitcoin to their reserves, with
100 Reasons For Bitcoin
Bitcoin's Layer-2 solutions, particularly the Lightning Network, allow nations to process millions of small-value transactions per second at minimal cost. This capability transforms how countries can handle domestic payments and cross-border settlements. The Lightning Network processes transactions in milliseconds with fees often less than $0.01, making it
100 Reasons For Bitcoin
Mobile Bitcoin wallets on smartphones create a direct path to financial services for 1.4 billion unbanked people worldwide, without requiring physical bank branches. The combination of rising smartphone adoption in developing regions and Bitcoin's borderless nature enables nations to serve remote populations through digital infrastructure rather than
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Abu Dhabi's sovereign wealth fund, Mubadala Investment Company, has invested $436.9 million in BlackRock's spot Bitcoin ETF during the fourth quarter of 2024, according to The Block article. The investment was revealed in a filing published on Friday, February 14, 2025. The purchase coincided with
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Goldman Sachs has invested approximately $2 billion in cryptocurrency exchange-traded funds according to SEC filing, with significant positions in both bitcoin and ethereum products. The investment bank's regulatory filings show it increased its ethereum ETF holdings by 2,000% in the fourth quarter, while building its bitcoin ETF
100 Reasons For Bitcoin
The ability to maintain direct control over national reserves has become a critical concern for governments worldwide following recent high-profile asset freezes. In 2022, over $300 billion of Russia's foreign reserves were restricted by Western nations, while Venezuela lost access to $1.2 billion in gold stored at
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Video game retailer GameStop is planning to expand into cryptocurrency investments, with a specific focus on Bitcoin, according to three sources close to the matter according to CNBC. The company's stock jumped 20% in after-hours trading following the news. The potential investment strategy comes after GameStop CEO Ryan
100 Reasons For Bitcoin
Public Bitcoin wallets for national reserves create an unprecedented level of financial transparency between governments and citizens. When nations add Bitcoin to their reserves and publish their wallet addresses, they enable real-time monitoring of state funds by anyone with internet access. This system allows citizens to verify government holdings, track
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Twenty state legislatures across the United States are reviewing bills that would establish bitcoin and digital asset reserves, with potential investments reaching $23 billion, according to research from asset management firm Vaneck. Matthew Sigel, head of digital assets research at Vaneck, released findings on February 12 showing that if passed,
100 Reasons For Bitcoin
The global financial system's dependence on the US dollar creates risks for nations during periods of economic uncertainty and geopolitical tension. Countries holding significant USD reserves face potential asset freezes, payment system exclusions, and value fluctuations tied to US monetary policy decisions. Bitcoin offers nations a politically neutral
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KULR Technology Group has expanded its bitcoin holdings with an additional $8 million purchase, bringing its total bitcoin investment to $50 million. The company acquired the new bitcoins at an average price of $101,695 per bitcoin, including fees. KULR now holds 510 BTC in its treasury. The latest purchase
100 Reasons For Bitcoin
Bitcoin's ability to transfer value instantly across borders makes it an effective tool for delivering humanitarian aid in crisis situations. National Bitcoin reserves can serve as ready capital for emergency response, allowing governments to send immediate assistance to disaster zones or conflict areas without dealing with traditional banking
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In what could be described as the financial equivalent of refusing to leave the house because it might rain, the National Bank of Poland (NBP) has declared it will not consider holding Bitcoin reserves "under any circumstances." NBP President Adam Glapiński showcased his mastery of risk assessment with