PANews reported on August 16th that according to Crowdfundinsider, global financial consulting giant deVere Group predicts that Bitcoin is still expected to reach $150,000 by the end of 2025 asPANews reported on August 16th that according to Crowdfundinsider, global financial consulting giant deVere Group predicts that Bitcoin is still expected to reach $150,000 by the end of 2025 as
Opinion: The convergence of multiple market forces may push Bitcoin to $150,000 by the end of 2025
PANews reported on August 16th that according to Crowdfundinsider, global financial consulting giant deVere Group predicts that Bitcoin is still expected to reach $150,000 by the end of 2025 as institutional purchases, corporate bond adoption, US policy support, and sovereign returns continue to gain momentum. Nigel Green, CEO and founder of deVere Group, stated that the confluence of multiple forces, such as the record influx of institutional capital through spot ETFs, the recognition of Bitcoin by public companies as a strategic reserve asset, and the White House's active support for the Bitcoin asset class, have collectively driven this latest surge and are the reason for maintaining the current target of $150,000 for Bitcoin by the end of the year.
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
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
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