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news-imageNovember 14, 2024

Pennsylvannia introduces bill to use $7 billion state fund for Bitcoin Strategic Reserve purchases

Pennsylvania's legislature has introduced landmark legislation for establishing a Bitcoin reserve, positioning the state at the forefront of digital asset policy in the United States.
Publisher: CryptoSlate
Sentiment: Positive
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cover-imageBitcoin
November 14, 2024

Vaneck's Matthew Sigel Sets Bitcoin Target at $180,000

Matthew Sigel, head of digital assets research at Vaneck, projects a significant upward trajectory for bitcoin, setting a target price of $180,000. Bitcoin Could Reach $180,000 by Next Year, Says Vaneck's Sigel Sigel's outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally.

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cover-imageCryptonews
November 14, 2024

Pennsylvania House Introduces Bill to Hold Bitcoin as Reserve Asset on State Balance Sheet

Pennsylvania State Representative Mike Cabell has introduced a bill in the keystone state's House of Representatives which would see up to 10 percent of the state's funds comprised of Bitcoin, reports emerged Thursday, November 14. The move comes as the Satoshi Nakamoto-created token's value soared to new heights this week, surpassing $93,000 on Wednesday. The post Pennsylvania House Introduces Bill to Hold Bitcoin as Reserve Asset on State Balance Sheet appeared first on Cryptonews.

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cover-imageBenzinga
November 14, 2024

Pennsylvania Introduces Bitcoin Strategic Reserve Act To Invest Up To $700 Million In BTC

President-elect Donald Trump's proposal to establish a national Bitcoin (CRYPTO: BTC) reserve has sparked a wave of support across the United States, with Pennsylvania leading the charge by considering its own state-held cryptocurrency reserve. What Happened: This movement aligns with Trump's promise to make the U.S. the "crypto capital of the planet" and has fueled legislative efforts to recognize Bitcoin as a secure state asset, FOX Business reports.

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cover-imageCoingape
November 14, 2024

Just In: Senator Cynthia Lummis Proposes Fed Gold Sale To Buy 1M Bitcoin

Republican Senator Cynthia Lummis of Wyoming is proposing a plan to sell part of the Federal Reserve's gold holdings to fund the purchase of one million Bitcoin for a national strategic reserve. Cynthia Lummis, an ally of President-elect Donald Trump, introduced this concept as a way to increase federal Bitcoin holdings without adding to the

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cover-imageInvezz
November 14, 2024

Bhutan government transfers $33.31M in BTC to Binance

In the rapidly shifting cryptocurrency world, Bhutan is steadily establishing its footprint with a unique and calculated approach to digital assets. This small Himalayan nation recently caught the attention of crypto-watchers worldwide when it deposited 365 Bitcoin (BTC), valued at approximately $33.31 million, into Binance, the world's largest cryptocurrency exchange.

Positive
cover-imageThe Daily Hodl
November 14, 2024

$180,000 Bitcoin Incoming As BTC Enters ‘Blue Sky Territory,' Says VanEck Executive – Here's His Timeline

The head of digital assets research at exchange-traded fund (ETF) provider VanEck believes Bitcoin (BTC) is heading even higher this cycle after putting up massive gains. In a new interview on CNBC's Squawk Box, VanEck executive Matthew Sigel says that Bitcoin may soar more than 102% from its current value. “We think it's just started.

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cover-imageBenzinga
November 14, 2024

Bitcoin To Peak At $180,000, Says VanEck's Head Of Digital Assets Research

Matthew Sigel, Head of Digital Assets Research at VanEck, one of the spot Bitcoin ETF issuers, on Thursday projected Bitcoin (CRYPTO: BTC) to hit $180,000 in this market cycle, driven by strong government support and increasing institutional interest. What Happened: As Bitcoin recently surged past $93,000, Sigel said, “We think it's just getting started,” highlighting that the current administration's pro-Bitcoin stance has created “blue sky territory” for the cryptocurrency.

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