Who wants Bitcoin to hit a new all-time high? One of the new best meme coins does – and so does Arizona. But does Bitcoin itself?
The world’s leading crypto continues to waffle about, jumping at times to within range of the ATH, then falling back down.
The past 24 hours have been a case in point:
In the early morning hours, $BTC briefly traded near $107K, before falling back and eventually trading down nearly 2% from where it started.
Why?
Keeping Bitcoin down is general market uncertainty, stock market turmoil, and a crypto regulatory environment that only changes slowly in favor of $BTC.
On the plus side is the money – particularly from financial institutions with deep pockets. Here’s the current level of inflows into $BTC ETFs:
These are the eleven biggest Bitcoin spot ETFs, looking green across the board.
And despite the uncertainty, there are still positive signs on the regulatory front also. Let’s see, what else?
Unclaimed digital assets are becoming a surprising problem. In an era when more and more people use digital currencies, some of those assets sit untouched in various exchanges and accounts.
Think of them as digital spare change and loose coins, falling down between the cracks of your electronic couch cushions. And Arizona’s coming around with the vacuum to hoover it all up.
It’s a surprisingly forward-thinking proposal from the US state, which has officially created the second state-level Bitcoin reserve. To fund that reserve, Arizona will include digital assets that go unclaimed for more than five years.
And if you shudder at the word ‘include,’ thinking it sounds a lot like ‘take,’ there’s actually a pleasant surprise in the legislation. Arizona plans to use a public ledger – the blockchain itself – to track all the funds included in the reserve.
In the meantime, Arizona will be able to leverage the funds for passive yield like staking rewards, potentially returning 10% of the reserve’s profit each year back into the state’s general fund.
If owners don’t come forward within three years of the assets being included in the fund, the assets can be liquidated entirely.
If successful, the plan could blaze a trail for state-level management of digital assets with full transparency. It could even set a precedent for the US digital reserve, or for more controversial measures like CBDCs (ouch).
It also sets the stage for a Bitcoin meme coin that’s blazing its own path to glory.
$BTCBULL thinks Bitcoin will utterly smash the new all-time high on its way to $250K – and beyond.
At key $BTC price milestones – namely $125K, $175K, and $225K – $BTCBULL tokens will be burned, exerting deflationary pressure on the token price.
And when Bitcoin hits $250K, a massive $BTCBULL airdrop awAdded ‘token’ to BTC Bull name Four ways to earn, not three (added staking APY)aits.
BTC Bull Token is a meme coin that rides the wave of Bitcoin’s success, but it also has a unique utility; Bitcoin believers can leverage $BTCBULL to earn even more from their crypto. With $BTCBULL, there are four ways to earn:
For a price – currently $0.00252 – that’s a mere fraction of Bitcoin’s, BTC Bull Token holders gain more ways to profit from Bitcoin’s rise.
Arizona’s decision to establish a state reserve isn’t just an innovative public use of blockchain tech.
It’s actually an endorsement of a bullish attitude towards Bitcoin and crypto in general.
