• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US Bitcoin Reserves Challenge Offshore Holdings

user avatar

by Giorgi Kostiuk

3 months 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.

0

Share

Other news

HRF Directs 1 Billion Satoshis to Bitcoin Development and Human Rights Protection

HRF distributed 1 billion satoshis among over 20 projects to strengthen Bitcoin infrastructure and protect human rights.

user avatarGiorgi Kostiuk

5 minutes ago

Dynamic Surge in Crypto Fear & Greed Index

Crypto Fear & Greed Index jumps by 10 points, indicating improved sentiment. Find out what this means for the market.

user avatarGiorgi Kostiuk

5 minutes ago

Trump to Announce New Tariffs on Thursday: Details and Impact

Trump to introduce new tariffs. Details to be revealed on Thursday at 4:00 PM ET.

user avatarGiorgi Kostiuk

6 minutes ago

How Floki Inu and Arctic Pablo Coin Are Transforming the Crypto Market

Exploring the success of Floki Inu and the prospects of Arctic Pablo Coin in the meme coin world.

user avatarGiorgi Kostiuk

6 minutes ago

Peter Schiff Seeks Bitcoin Donations to Grow Reserve

Bitcoin critic Peter Schiff seeks public support to grow his Bitcoin reserve through donations.

user avatarGiorgi Kostiuk

15 minutes ago

Analyzing Bitcoin Dominance: What Drives Altcoin Season

The current Altcoin Season Index points to Bitcoin's market dominance. What does this mean for your crypto portfolio?

user avatarGiorgi Kostiuk

15 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.