US Senate's Bitcoin Reserve Proposal Could Trigger $80 Trillion Crypto Revolution

‘It Begins’—Bitcoin and Crypto Brace for $80 Trillion U.S. Price Bombshell

According to Forbes, Bitcoin has seen a significant rise, with its price hovering just under $100,000 per bitcoin, doubling from under $50,000 at the start of 2024. This surge comes amidst a global push for Bitcoin adoption, highlighted by U.S. Senator Cynthia Lummis's proposal for the U.S. to create a Bitcoin reserve akin to its gold reserve. Lummis has introduced a bill suggesting the U.S. purchase one million Bitcoin over five years. Additionally, Michael Saylor, founder of Strategy, has advocated for the U.S. government to acquire 20% of the Bitcoin supply, predicting potential benefits of $50 trillion to $80 trillion for taxpayers. The U.S. Senate Banking Committee is set to discuss bipartisan legislative frameworks for digital assets on February 26, signaling a pivotal moment for the crypto market. (Source: Forbes, https://www.forbes.com/sites/digital-assets/2025/02/22/it-begins-bitcoin-and-crypto-brace-for-an-80-trillion-us-price-bombshell/)

BTC Price Forecast: Can Bitcoin Reclaim $100K as US Tariff Risks Mount?

FX Empire reports that Bitcoin closed at $96,479 on February 22, failing to breach the $100,000 mark for the fifteenth consecutive session. The market faces challenges such as ETF outflows totaling $552.5 million, with Fidelity’s FBTC leading the outflows at $165.5 million. Additionally, a recent Bybit hack has heightened security concerns, further impacting market sentiment. Geopolitical risks, including U.S. tariff threats on autos and semiconductors, add to the uncertainty. Analysts suggest that Bitcoin's trajectory will depend on developments in U.S. crypto policies, ETF flows, and tariff resolutions. (Source: FX Empire, https://www.fxempire.com/forecasts/article/btc-price-forecast-can-bitcoin-reclaim-100k-as-us-tariff-risks-mount-1499587)

Big Day for Crypto Goes South After Bybit Hack

The New York Times highlights a major setback for the crypto market following a $1.5 billion hack on the Bybit exchange, marking one of the largest thefts in crypto history. This incident occurred shortly after Coinbase announced a settlement with the SEC, which had initially brought optimism to the market. The hack caused significant price drops for Bitcoin and Ether, reflecting the ongoing vulnerabilities in the crypto sector. Despite growing political support for crypto, such as President Trump's pro-crypto stance, the industry continues to grapple with security challenges. (Source: The New York Times, https://www.nytimes.com/2025/02/22/technology/crypto-exchange-bybit-hack.html)

Better Cryptocurrency to Buy the Dip: Bitcoin vs. XRP

The Motley Fool discusses the potential of Bitcoin and XRP as investment options during market dips. Bitcoin, with its decentralized nature and increasing institutional adoption, is seen as a safer long-term investment. XRP, on the other hand, benefits from its use in Ripple Payments, allowing banks to settle transactions efficiently. However, XRP faces regulatory challenges, with the SEC's ongoing lawsuit against Ripple. The article suggests that Bitcoin's scarcity and institutional backing make it a more reliable choice for investors. (Source: The Motley Fool, https://www.fool.com/investing/2025/02/22/better-cryptocurrency-to-buy-the-dip-if-there-is-o/)

Best Buy in 2025: XRP, Dogecoin, or Bitcoin?

Nasdaq explores the investment potential of XRP, Dogecoin, and Bitcoin in 2025. Bitcoin leads the market with a $1.9 trillion capitalization and continues to attract institutional interest through ETFs. XRP's value lies in its utility within Ripple Payments, though its adoption is hindered by regulatory issues. Dogecoin, despite its speculative nature, has seen renewed interest due to its association with Elon Musk and the U.S. government's Department of Government Efficiency (DOGE). However, Bitcoin's decentralized nature and strategic reserve potential make it the most promising investment. (Source: Nasdaq, https://www.nasdaq.com/articles/best-buy-2025-xrp-ripple-dogecoin-or-bitcoin)

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