Bitcoin’s 200-day moving average has crossed above $100,000 for the first time ever.
Each milestone before ($100, $1K, $10K) marked the start of a new era for Bitcoin.
History suggests this run is just getting started.
From Nunya Bizniz
NEW: After initially ruling out new U.S. Bitcoin purchases, Treasury Secretary Scott Bessent clarified his position, saying the Strategic Bitcoin Reserve will be built on seized crypto assets, but that the Treasury Department is also exploring “budget-neutral” ways to expand it. 🇺🇸
NEW: 🇳🇴 Norges Bank, Norway’s central bank, increases its Bitcoin equivalent exposure from 6,200 to 11,400 BTC in Q2, an 83% jump.
The position is almost entirely in Strategy (formerly MicroStrategy), with a small addition in Metaplanet.
NEW: New York State Assemblymember Phil Steck proposed a 0.2% excise tax on all cryptocurrency transactions in NY.
He estimates it could raise $158M annually based on Chainalysis data from 2022–2023.
LUMMIS: “Bessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.
America needs the BITCOIN Act.”
JUST IN: Bessent backtracks, stating the “Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve”
And plans “to execute on the President’s promise to make the United States the “
‘Bitcoin superpower of the world.’”
Bitcoin News interviews Mike Belshe, CEO and co-founder of BitGo, on his journey finding the world's first "actual digital money that works" and creating one of the industry's biggest names in Bitcoin custody.
