While some panic-sell, others seize the dip. El Salvador and Tokyo-listed Metaplanet have expanded their Bitcoin (CRYPTO: BTC) holdings as the crypto market slumped to a three-month low.
Despite IMF pressures and market jitters, these Bitcoin believers are standing firm.
A State-Backed Bitcoin Reserve: A Game Changer?
Seamus Rocca, CEO of Xapo Bank, sees Bitcoin’s role evolving: “One could argue that a State-backed Bitcoin reserve is the ultimate validation that Bitcoin is a better store of value than Gold.”
He suggests that government adoption could legitimize Bitcoin in traditional markets while limiting supply and potentially driving prices higher.
Rocca also notes that how a government accumulates Bitcoin matters. Buying BTC with US Treasuries could impact …
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