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Yahoo
13-06-2025
- Business
- Yahoo
These 3 Catalysts Could Bump Bitcoin to $125,000 by the End of Summer
After hitting a price of nearly $112,000 in May, Bitcoin has struggled to gain any new momentum. The White House is scheduled to finalize plans for the Strategic Bitcoin Reserve this summer. If the Federal Reserve cuts interest rates this summer, it could lead to a rally in Bitcoin. 10 stocks we like better than Bitcoin › Ever since hitting a new all-time high of $111,970 on May 22, Bitcoin (CRYPTO: BTC) has struggled to find any upward momentum. In fact, over the past two weeks, Bitcoin has shown signs of dropping below the $100,000 level. The good news is that three big catalysts are emerging that could push Bitcoin higher within the next three months. If so, Bitcoin could hit a new all-time high above $125,000 before the end of summer. The first catalyst is new legislation for the U.S. Strategic Bitcoin Reserve. Yes, an executive order already exists for the creation of the Strategic Bitcoin Reserve, but there is no legislation actually defining how it will work and function. The White House executive order in March specifically said that any future Bitcoin purchases must be "budget-neutral" with no direct impact on taxpayers. The new legislation is expected to outline a clear mechanism for how this would work. The big deadline to keep an eye on is July 22. That's when the Trump administration is scheduled to unveil the final architecture of its Strategic Bitcoin Reserve. According to Bo Hines, executive director of the White House President's Council of Advisers on Digital Assets, a "reserve framework" already exists and is already circulating among different inter-agency working groups. So, it really looks to be a case of when, and not if, new legislation for the Strategic Bitcoin Reserve will finally be voted on by members of Congress. If the Strategic Bitcoin Reserve is able to garner true bipartisan support, that's when Bitcoin could start to rally hard. One of the big stories of the year in the crypto industry has been the emergence of new companies that are following the Bitcoin Treasury Company (BTC) model. These companies do nothing but buy Bitcoin, and some of them have already amassed massive war chests to do just that. In addition, several high-profile companies within the tech industry are starting to consider adding Bitcoin to their balance sheets as a Treasury asset. In just the past six months, two major tech companies -- Microsoft (NASDAQ: MSFT) and Meta (NASDAQ: META) -- have voted on shareholder proposals asking them to add Bitcoin to their balance sheets. While both voted "no" on these proposals, it's easy to see how the dam is starting to break. One by one, smaller companies are starting to embrace Bitcoin. The latest example is Trump Media & Technology Group (NASDAQ: DJT), which recently raised over $2 billion to buy Bitcoin. All it takes is one high-profile company to embrace Bitcoin as a Treasury asset, and it might set off a domino effect within corporate America. And, finally, there's the matter of the Federal Reserve and a potential interest rate cut coming soon. Starting in April, President Donald Trump has been calling for the Fed to lower rates, even going so far as to suggest he might be willing to replace Fed Chairman Jerome Powell if he does not acquiesce. In early June, President Trump ramped up his call for a rate cut, saying that one is needed immediately. He's now demanding "a full point" from the Fed. As he noted in a social media post, this would be "rocket fuel" for the economy, making it easier for people to borrow money. It would also be "rocket fuel" for the crypto market. Historically, rate cuts by the Fed have led to the infusion of cheap, fast money into crypto. The best example is from the pandemic era, when the Fed lowered rates by a full point in March 2020. That coincided with Bitcoin soaring to new all-time highs in the period from April 2020 to November 2021. On paper, all of these potential Bitcoin catalysts sound fantastic. But how likely are they? After all, if the Trump administration can't pass the Big Beautiful Bill, how will it ever be able to pass a Big Beautiful Bitcoin Bill? And Fed rate cuts are no slam-dunk, either. As long as the economy is at risk of higher inflation from new tariffs, the Fed will likely be unwilling to reduce rates. That's why some traders are warning of a "bull trap" for Bitcoin. In other words, investors might be cajoled into investing in Bitcoin due to rampant hype, buzz, and speculation. It will look like Bitcoin has no place to go but up. As soon as enough of these investors put their money into Bitcoin, the trap will close. The price of Bitcoin will sink, and these investors will lose their money. So, if you're thinking about investing in Bitcoin, make sure you are doing so because you believe in its long-term outlook. If you are trying to time the market over the short term, you are likely doing it all wrong. The good news is that online prediction markets currently give Bitcoin a 62% chance of hitting $125,000 before the end of the year. If the U.S. government goes all-in on its Strategic Bitcoin Reserve, and if Corporate America continues to embrace crypto, it's possible that Bitcoin might reach that target by the end of the summer. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,871!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $875,479!* Now, it's worth noting Stock Advisor's total average return is 998% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Dominic Basulto has positions in Bitcoin. The Motley Fool has positions in and recommends Bitcoin, Meta Platforms, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. These 3 Catalysts Could Bump Bitcoin to $125,000 by the End of Summer was originally published by The Motley Fool Sign in to access your portfolio
Express Tribune
07-06-2025
- Business
- Express Tribune
Pakistan aims to lead in digital assets race
Listen to article Pakistan's Minister of State for Crypto and Blockchain Bilal Bin Saqib met with top US officials and lawmakers this week in Washington DC to strengthen cooperation in digital assets, blockchain regulation and financial innovation. The minister held discussions with Senator Cynthia Lummis, a key architect of US crypto legislation, along with Senators Bill Hagerty, Rick Scott, Tim Sheehy and Jim Justice, all known advocates for blockchain innovation. He also engaged in deliberations with members of the House Financial Services Committee and White House advisers, according to a news release issued on Friday. "Pakistan is not waiting to catch up; we are here to lead," Bilal remarked. "From Capitol Hill to the White House, I shared a new face of Pakistan: one driven by youth, innovation and global partnerships." The talks focused on Pakistan's recent initiatives, including plans for the Strategic Bitcoin Reserve, a virtual asset regulatory framework and stablecoin adoption to streamline remittances. With $36 billion in annual remittances and a booming freelance sector, Pakistan aims to become a hub for responsible digital finance. "We came to learn, listen and contribute," Bilal added. "Our goal is to adopt the best global ideas for Pakistan's unique needs." The crypto minister's visit signals Pakistan's push to shape the digital economy alongside major players, leveraging its young population and tech potential. In a meeting with US President Donald Trump's Council of Advisers on Digital Assets Executive Director Robert Bo Hines at the White House earlier this week, the state minister discussed the strategic alignment of digital assets, bitcoin integration and the future of decentralised infrastructure. Both sides expressed shared interest in fostering collaboration between the US and Pakistan on digital asset innovation, regulatory coherence and emerging financial technologies. They also deliberated on ways to support innovation ecosystems that empower youth and accelerate economic inclusion through blockchain. Bo Hines leads policy development on digital asset innovation, regulation and emerging financial technologies.
Express Tribune
05-06-2025
- Business
- Express Tribune
Pakistan, US explore ways for digital asset innovation
Minister of State for Crypto, Blockchain and CEO of the Pakistan Crypto Council Bilal Bin Saqib Listen to article Minister of State for Crypto and Blockchain and Pakistan Crypto Council CEO Bilal Bin Saqib has met with US President Donald Trump's Council of Advisers on Digital Assets Executive Director Robert Bo Hines at the White House and discussed strategic alignment of digital assets, bitcoin integration and the future of decentralised infrastructure. During the meeting, both sides expressed shared interest in fostering collaboration between the US and Pakistan on digital asset innovation, regulatory coherence and emerging financial technologies, said a press release issued by the Ministry of Finance on Wednesday. They also deliberated on ways to support innovation ecosystems that empower youth and accelerate economic inclusion through blockchain. Bo Hines leads the national policy development on digital asset innovation, regulation and emerging financial technologies. The meeting comes following Pakistan's announcement of creating the Strategic Bitcoin Reserve at the Bitcoin 2025 Conference in Las Vegas, which positions the country as one of the first in Asia to incorporate bitcoin into its sovereign asset strategy. "I envision Pakistan to be a leader in the Global South for digital assets," Bilal Bin Saqib remarked. "From launching our Strategic Bitcoin Reserve to unlocking national infrastructure for crypto mining and AI data zones, Pakistan is building a real framework for digital asset adoption and economic modernisation." The minister of state also visited the White House counsel office. Pakistan's broader strategy includes allocating 2,000 megawatts of electricity for bitcoin mining and artificial intelligence-driven data zones with the aim of converting surplus energy into economic growth, job creation and digital infrastructure. As the global regulatory landscape evolves, Pakistan is taking clear, decisive steps to lead from the front, merging state policy, private innovation and international engagement to shape the next chapter of the global digital asset economy.
Yahoo
16-04-2025
- Business
- Yahoo
Trump administration says tariff revenue could be used to buy Bitcoin
Bo Hines, Executive Director of the President's Council of Advisers on Digital Assets of the White House stated that the administration is pursuing inventive avenues to obtain more Bitcoin, including tariff revenue and revalued gold reserves. In a conversation with crypto investor Anthony Pompliano, Hines said, "Everything's on the table" as the U.S. seeks to expand its Bitcoin position. According to Hines, one of the most discussed proposals is Senator Cynthia Lummis' Bitcoin Reserve Act of 2025, that the U.S. Treasury gold certificates, currently valued at $43 an ounce, be revalued to market price—currently sitting at $3,223.61 per ounce. The revaluation could provide a significant amount of money to buy Bitcoin for the nation's reserves without taking on any new debt, said Hines. "But here what you would do is you'd revalue the gold certificates that we currently have at Treasury, most of which are valued, I think, around like $43 an ounce, which is a lot lower than what it's we're at, so now we're sitting at what $3,100 an ounce, being the price of gold. If you took that value, you could use that extra funding to buy Bitcoin, which can be used for the reserve, but that's just one idea.' The interview took place in the White House, where Hines shared some particularly interesting ideas about Bitcoin and also indicated the plan for the Strategic Bitcoin Reserve. Hines also a, "We're looking at many creative ways, whether it be from tariffs or something else. I mean, there are countless ways in which you can do this." Sign in to access your portfolio
Yahoo
08-04-2025
- Business
- Yahoo
Trump crypto chief says we are in the 'golden age' for digital assets, 'clearing the deck' of Biden barriers
EXCLUSIVE: President Donald Trump wants to make the U.S. the "crypto capital of the world," and a top White House cryptocurrency policy official said that the administration is well on its way to ushering in "the golden age for digital assets." Bo Hines, executive director of the President's Council of Advisers on Digital Assets, sat for an exclusive interview with Fox News Digital this week to outline the Trump administration's work thus far in the cryptocurrency space. Cryptocurrency, or "crypto" for short, is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography that enables secure online payments for individuals or businesses. Mr. Wonderful Talks 'Excitement' Around Cryptocurrency Under Trump: America Is In A 'New Phase' "The president has made this a priority, and it is a testament to his leadership and his knowledge in the space," Hines explained. "Unlike any president before him, he has truly embraced this technological development in a way that no one else has, which has allowed us to do what we need to do to make the United States the crypto capital of the world." Hines told Fox News Digital that officials have focused on "clearing the deck" and ensuring that "what was happening under the Biden regulatory regime has been rescinded and repealed." Read On The Fox News App Under the Biden administration, Hines said Americans using cryptocurrency went "offshore due to the nature of attacks they specifically received under the Biden regime." "We will start seeing a lot of those players come back to the United States in short order because, look, we are the greatest country in the world. People want to innovate here. People want to build here. And this space is no different," he said. "At the end of the day, the largest players to the smallest players want to be operating in the United States—they just need a clear set of rules to abide by to do so." Hines said that under the Biden administration, "rather than welcoming in innovation and encouraging technological developments, they went after these people." "We've been in the demolition phase—removing a lot of those barriers that the Biden regime put up so that people can actually start building back here in the United States." "My main message to players in the crypto space has been—welcome home," Hines said. "We are going to create the most pro-crypto-friendly regulatory environment that anyone could possibly imagine because we understand how important the innovation is here in this space." Trump's Crypto Czar Decries Government's Lack Of Bitcoin 'Long-term Strategy' Hines explained that during the first week of the second Trump administration, the president set up the interagency working group—the President's Council of Advisers on Digital Assets—which includes officials from the Treasury Department, the SEC, CFTC, Attorney General Pam Bondi, and more. Trump's executive order directed the working group to explore several digital asset-related issues, including looking into the "potential creation and maintenance of a national digital asset stockpile" and proposing "criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts." "With this group and other White House offices, we are working on delivering on the president's promise to clear the deck and have all of these burdens and regulations lifted," Hines said. The group is currently in the process of compiling recommendations and building a comprehensive report they will deliver to the president later this year. The report is designed to explain the "clearest regulatory environment possible" in the space, and recommendations for how the U.S. maintains its role as "the dominant leader in the space across the globe." As for legislation, Hines pointed to the Stablecoin Transparency and Accountability for a Better Ledger Economy, or the STABLE Act. That legislation, which passed out of the House Financial Services Committee on a bipartisan vote, establishes framework for the issuance and operation of dollar-denominated payment stablecoins in the U.S. "I think the Stable Coin legislation could be the first really, truly large and meaningful piece of legislation that the president signs in the first year of a second term," Hines said, noting it would "truly revolutionize the financial system for years to come." "I think that Americans will see that once this legislation is through—once this regulatory framework is established—the way in which they move their money will be changed forever," Hines said. "You will see that Americans will have better access to quicker payments and better access to transparency."Original article source: Trump crypto chief says we are in the 'golden age' for digital assets, 'clearing the deck' of Biden barriers
