PANews reported on October 22nd that according to The Block, Bitwise Chief Investment Officer Matt Hougan believes that gold's strong rally in 2025 could serve as a useful reference for Bitcoin. Even though Bitcoin is currently trading in a narrow range of approximately $108,000 to $112,000, this surge could indicate Bitcoin's next move. Hougan's core argument lies in structural factors: central banks have been the primary marginal buyers of gold since 2022, and their continued purchases have been a key driver of gold's approximately 57% return this year. He stated that, in contrast, Bitcoin has not seen a similar increase in central bank holdings. The main recent support for Bitcoin's price has come from spot ETFs and corporate treasuries. Hougan argues that this discrepancy helps explain why gold prices have surged while Bitcoin prices have been consolidating. Hougan noted that when large, stable buyers (such as central banks in the gold market) begin to accumulate in 2022, many price-sensitive holders will sell to meet demand, thereby curbing early gains. Prices will only accelerate once these sellers are exhausted. He believes that as ETF and corporate demand persists and the remaining selling pressure gradually weakens, the Bitcoin market is likely to experience similar dynamics; much of the selling pressure has now been largely absorbed, and the market is about to reach a turning point.PANews reported on October 22nd that according to The Block, Bitwise Chief Investment Officer Matt Hougan believes that gold's strong rally in 2025 could serve as a useful reference for Bitcoin. Even though Bitcoin is currently trading in a narrow range of approximately $108,000 to $112,000, this surge could indicate Bitcoin's next move. Hougan's core argument lies in structural factors: central banks have been the primary marginal buyers of gold since 2022, and their continued purchases have been a key driver of gold's approximately 57% return this year. He stated that, in contrast, Bitcoin has not seen a similar increase in central bank holdings. The main recent support for Bitcoin's price has come from spot ETFs and corporate treasuries. Hougan argues that this discrepancy helps explain why gold prices have surged while Bitcoin prices have been consolidating. Hougan noted that when large, stable buyers (such as central banks in the gold market) begin to accumulate in 2022, many price-sensitive holders will sell to meet demand, thereby curbing early gains. Prices will only accelerate once these sellers are exhausted. He believes that as ETF and corporate demand persists and the remaining selling pressure gradually weakens, the Bitcoin market is likely to experience similar dynamics; much of the selling pressure has now been largely absorbed, and the market is about to reach a turning point.

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more