Bitcoin's recent surge has reached all-time highs, accompanied by significant growth in altcoins like Cardano. This uptrend is further fueled by BlackRock's continued investment in Bitcoin through its ETF, now surpassing their gold holdings. This shift in asset preference indicates a growing interest in cryptocurrency.
Bitcoin's role in national economy and policy is also gaining attention. Tom Lee from Fundstrat suggests Bitcoin could become a US treasury reserve, potentially offsetting the federal deficit if its value rises. Government-held Bitcoin may be retained under certain leadership, with Trump hinting at treating it as a core national asset, similar to gold.
The global Bitcoin mining landscape is expanding, with UAE, Argentina, and Ethiopia leveraging government resources. Russia's BRICS initiative plans to invest in Bitcoin mining and AI infrastructure, potentially enabling future global trade settlements in Bitcoin. As Bitcoin's dominance decreases, altcoin season may be approaching, where altcoins typically outperform, especially in post-halving years.
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