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Coin-Turk 17 minutes ago
13
Bitcoin (BTC ($82,244.08)) 
$82,283 could play a pivotal role in the transformation of the global financial system over the next ten years. Matt Hougan, CIO of Bitwise, forecasts that the market cap of the largest cryptocurrency could exceed $20 trillion by 2035. This projection indicates a staggering 1,212% growth compared to its current valuation of $1.65 trillion. The announcement of the U.S. government’s strategic reserve of 200,000 BTC and Fed Chairman Jerome Powell’s statement calling Bitcoin “digital gold” are boosting institutional confidence in this leading cryptocurrency.
Corporate Adoption of Bitcoin and the U.S. Role
The U.S. government’s recognition of Bitcoin as a strategic asset is a crucial development for its future. The commitment to retain the 200,000 BTC in official reserves and plans for additional purchases have positively impacted the market. Although this optimism has yet to reflect in prices, Hougan emphasized that these adopt…
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