Bitcoin under the attention of governments and banks
The head of the Czech central bank, Aleš Michl, is considering investing 5% of its €140 billion foreign reserves in Bitcoin. At the same time, the United Kingdom is actually considering selling their Bitcoin holdings, worth nearly €6 billion, to sell to plug budget deficits. These developments show how different governments and central banks are dealing with the crypto. However, Christine Lagarde (president ECB) is counting on Bitcoin not ending up on the balance sheets of European central banks. The actions of major players such as central banks could significantly affect Bitcoin’s acceptance and price.
New pro-crypto Treasury Secretary: Scott Bessent
The US Senate has appointed Scott Bessent as US Treasury Secretary. This appointment is seen as an important development for the crypto industry, given Bessent’s outspoken pro-crypto stance. Bessent will be part of a presidential working group on digital assets to develop a federal regulatory framework for crypto. The crypto industry is positive about the appointment. Bessent has indicated that crypto is about freedom and that the crypto economy is here to stay.
Dogecoin ETF: a new chapter for the favorite memecoin?
Bitwise, a major player in the crypto world, has officially filed an application with the U.S. securities regulator SEC for a genuine Dogecoin ETF.Bitwise, known for its successful Bitcoin ETF, is ahead of competitors. This may increase the chances of faster approval. Additionally, unlike previous attempts by Rex Shares and Osprey Funds, Bitwise is taking the more direct approach through another law (’33 Act).With this move, it seems that Dogecoin is finally looking to claim its place in the traditional investment world. Will the Dogecoin ETF have the same impact as the Bitcoin ETF?
