The post National Treasury Reserve Push Sparks $1 Million Projections appeared on BitcoinEthereumNews.com.

Recently, there has been a lot of talk about Bitcoin (BTC). One well-known crypto expert, Andrew Kang, even said that Bitcoin might become a national asset. The cryptocurrency community is buzzing about this interesting idea, with people talking about how it might affect the whole world and setting crazy price goals for the crypto. From Speculation To Advocacy A lot of people are arguing about Andrew Kang’s latest research. In a highly shared post, Kang said that some leaders are talking more and more about adding Bitcoin to the treasury funds. Even though these talks are still just a guess, the fact that they are happening shows that Bitcoin could have a hugely good result for some people but not for others. Kang says that these plans show Bitcoin’s hidden promise, even if they don’t work right away. If Bitcoin becomes a real treasure for the country, he thinks its value could go through the roof and reach $1 million. He added that Bitcoin’s current market capitalisation is much lower than it should be, even with a low likelihood of 5–10%. This is especially true since interest in Bitcoin has recently grown from less than 1%. $BTC now being rumored to be pushed forward as a national asset held as treasury reserve as a platform for many politicians Whether they are successful or not in the first attempt, doesn’t matter because BTC now has an extremely visible asymmetric upside scenario If… https://t.co/AU4u3HrLBp — Andrew Kang (@Rewkang) July 19, 2024 A Domino Effect On Adoption Around The World The idea that the US might use Bitcoin as a backup currency for the government is very important. Kang says that if the US did something like this, it would probably cause other countries to do the same. This would not only prove…

---

Filed under: News - @ July 21, 2024 9:16 pm