Michael Saylor Claims Bitcoin Winter is Over, Focus on Institutional and National Adoption

On April 24, CoinDesk reported that Michael Saylor, co-founder of Strategy, declared ‘Winter’s over’ when Bitcoin reached approximately $78,000. Analyst Mati Greenspan noted that the recent price movements were more of a pullback in a bull market since the ‘flash crash’ and believes that the bottom for Bitcoin has been established. The next phase of the price increase will be driven by ‘national-level adoption,’ including central banks incorporating BTC into their reserves alongside gold. The report mentioned that the U.S. government currently holds about 300,000 BTC and is discussing the establishment of a strategic Bitcoin reserve. El Salvador continues to purchase Bitcoin daily, and it has also been included in asset allocations by the UK government and some state pension funds in the U.S.

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