Bitcoin mined has crossed the 19.96 million mark, meaning over 95% of Bitcoin in existence has been issued. The largest cryptocurrency could soon experience a scarcity, amidst fast paced BTC withdrawals from exchanges. U.S. President Donald Trump’s plan for a strategic Bitcoin reserve and developments like institutional adoption, Layer 2 rollout on BTC could catalyze demand for the digital asset.
Texas Strategic Bitcoin reserve bill advances to Senate floor
BTC strategic reserve legislation at the state level might prompt the US government to adopt a strategic reserve at the federal level.