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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
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#Do you think the fall of Bitcoin from ATH is a normal retracement?#
Concern about the increase in debt and government spending in the USA
CME Group predicted the third reason for the increase in Bitcoin as the accelerating national debt and excessive government spending in the USA. While the national debt stock in the country exceeds 34 trillion dollars, it is claimed that Bitcoin sensitivity in the market increased as Fed Chairman Powell stated that this was unsustainable.
Analysts also emphasized that a situation similar to gold being seen as a safe haven in times of increased global concerns could also apply to Bitcoin. It was claimed that the upward trend in gold, which started in the last quarter of 2022, supported the upward trend in Bitcoin. #GateioBountyCreator#
CME Group launched Bitcoin futures contracts in 2017. The company, which demonstrated its belief in crypto money at that time, made a significant contribution to the adoption of crypto money by launching Bitcoin futures options in 2020.
#NewYear2024# #GateioBountyCreator#