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Michael Saylor states that the Bitcoin winter has ended, with institutional and national-level adoption becoming the focus
ChainCatcher reports, citing CoinDesk, that Strategy co-founder Michael Saylor said “Winter’s over” as Bitcoin reached around $78,000 on Bitcoin News (“Bitcoin站”). Analyst Mati Greenspan noted that what has happened since the “flash crash” has been more of a pullback within a bull market, and he believes Bitcoin’s bottom is already in. He added that the next leg higher will be driven by “nation-level adoption,” including central banks adding BTC alongside gold to their reserves.
The report also mentioned that the U.S. government has already held about 300,000 BTC and that it is discussing the establishment of a strategic Bitcoin reserve. El Salvador continues to buy every day, and Bitcoin has also been included in asset allocations by the UK government and some U.S. state pension funds, as well as by central banks.