Bitcoin's Establishment Shift Sparks Fresh Concerns
TL;DR Summary
Bitcoin exchange-traded funds (ETFs) in the US have accumulated over 1 million tokens, equating to about 5% of the total Bitcoin supply, rivaling the holdings of Bitcoin's creator, Satoshi Nakamoto. A proposed bill could see the US government purchasing 1 million Bitcoin by selling some of its gold reserves. Meanwhile, MicroStrategy, led by Michael Saylor, continues to invest heavily in Bitcoin, holding approximately $38 billion worth of the cryptocurrency.
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