Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation

Ohio lawmaker Derek Merrin introduced a groundbreaking bill to establish a Strategic Bitcoin Reserve within the state treasury, according to a Dec. 17 statement. The proposed legislation, known as the Ohio Bitcoin Reserve Act, seeks to empower the state treasurer with the authority to invest in Bitcoin, aligning with the growing trend of adopting it […]
The post Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation appeared first on CryptoSlate.
Read More
Cryptocurrency
18 Dec 2024

Bitcoin to hit $1 million by 2027 using new adoption pricing model

A new supply-and-demand equilibrium model suggests Bitcoin may surpass $1 million by January 2027, following current trends in adoption, liquidity, and Bitcoin reserves. A recent paper by Dr. Murray A. Rudd and Dennis Porter of Satoshi Action Education integrates Bitcoin’s fixed, inelastic supply schedule and dynamic demand factors, including institutional adoption and long-term holding behavior, […]
The post Bitcoin to hit $1 million by 2027 using new adoption pricing model appeared first on CryptoSlate.
Read More
Cryptocurrency
18 Dec 2024