Former Binance CEO revisits his year-old tweet about 'better form of money,' issuing important warning
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On Nov. 13, Bitcoin skyrocketed to a historic peak of $93,434 upon recent political developments in the U.S. and after the Federal Reserve slashed the interest rate by 25 basis points. That was the second rate cut this year after the first one in September, when the Fed decreased the rate by 50 basis points.
According to FOX Business, the strategic bitcoin reserve bill introduced by the Pennsylvania House of Representatives on Thursday is the first of its kind and will allow the state treasury to allocate 10% of its approximately $7 billion in state funds to bitcoin. The bill will be…She then said that the U.S. would buy one million in Bitcoin over the next five years – 200,000 BTC per year. One million Bitcoins is roughly 5% of the total 21 million BTC supply that can ever exist.
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