US Bitcoin Reserves Challenge Offshore Holdings

user avatar

by Giorgi Kostiuk

2 years ago

Data reveals significant growth in US Bitcoin reserves, alongside amplified institutional interest as economist Timothy Peterson sets a bold future forecast.

Record US Bitcoin Reserves

According to CryptoQuant, US-based entities' Bitcoin reserves have surged to unprecedented levels, outpacing offshore holdings by 65%. This dominance highlights increased institutional demand and regulatory clarity in the US market. Major holders include MicroStrategy, ETFs, exchanges, miners, and the US government.

Market Dynamics and Price Corrections

Despite positive momentum, Bitcoin has faced a correction after surpassing $100,000, with its price retreating to $93,000 amidst Federal Reserve's tightening policies. CryptoQuant's analysis describes this as healthy, with expectations for further gains.

Bold Bitcoin Prediction for 2035

Economist Timothy Peterson has projected Bitcoin's price to reach $1.5 million by 2035, based on Metcalfe's Law applied to Bitcoin's network. Peterson, known for his accurate market forecasts, strengthens confidence in his bullish outlook.

Record US Bitcoin reserves and bold future predictions underscore the importance of institutional involvement and regulation in shaping cryptocurrency markets.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Ethereum Foundation Investigates Enhancements to Transaction Safety

Researchers at the Ethereum Foundation are examining native transaction assertions to enhance transaction safety and reliability in digital asset markets.

user avatarAndrew Smith

Ethereum Developers Delay Glamsterdam Upgrade on Hoodi Testnet

Ethereum developers have postponed the Glamsterdam upgrade initially scheduled for the Hoodi testnet on October 26, with no new activation date provided.

user avatarJacob Williams

Samsung and Solana to Enable Cross-Border USDC Transfers in Samsung Wallet

Samsung and Solana announced plans to integrate cross-border USDC transfers into Samsung Wallet, targeting 82 million US Galaxy devices.

user avatarZainab Kamara

More Americans Have Tried Crypto Than Last Year, But Usage Remains Flat

A recent survey shows that 22% of Americans have tried cryptocurrency, up from 18% last year, but active usage remains flat at 13%. Curiosity drives interest in crypto.

user avatarSon Min-ho

Solana Expands Speaker Lineup for Breakpoint Event in London

Solana has announced an expanded speaker lineup for its upcoming Breakpoint event in London, scheduled for November 15-17, 2023, featuring notable political and financial figures.

user avatarAyman Ben Youssef

Strategy Shareholders Approve Daily Dividends Plan

On October 28, 2026, Strategy shareholders approved an amendment for daily dividends on preferred stocks.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.