- French Company, The Blockchain Group, raises over $9.7 million to buy more BTC.
- Bitcoin adoption is growing rapidly across the world.
- Presently, over 50 million Americans hold BTC, beating gold ownership in the USA.
Trump and Saylor have ignited a race for nations and corporations to hold more Bitcoin (BTC), as there seems to be a silent agreement that the more Bitcoin one holds, the more power they can wield. The latest to forward in the race is a French company, The Blockchain Group. This firm has just raised €8.6 million, amounting to just over $9.7 million to buy more of the pioneer cryptocurrency Bitcoin (BTC).
The Blockchain Group Raises Over $9.7 Million to Buy More BTC
Expectations for Bitcoin (BTC), the pioneer cryptocurrency to hit new ATH prices only grow stronger as BTC adoption continues to grow rapidly. Besides new retail users, several new corporations are getting into buying and holding Bitcoin. Meanwhile, corporations, finacial institutions,a nd other powerful firms that have already been holding a large amount of Bitcoin (BTC) are also continuously buying.
So far in the ongoing bull cycle, the process of BTC buying by big financial institutions and big corporations took place when the price of BTC dipped or crashed significantly, allowing these entities to swoop in and accumulate Bitcoin (BTC) and a much lower price. In the more recent weeks, despite BTC value sitting at 6-digit prices, and nearing its previous ATH price of $109,000, BTC accumulation is still stronger than ever.
This means that not only are corporations certain that the price of Bitcoin (BTC), the pioneer crypto asset, will continue to rise and hit new ATH prices, but that these entities see Bitcoin as more than just a pump and dump asset. This accumulation run at high prices shows that entities see the long-term value of BTC and are willing to buy and hold for a very long time, giving weight to Saylor’s $1 million price prediction.
Indeed, it is institutions like Strategy and nations like El Salvador who led the charge and proved by example just how much of an impact holding BTC can make in the long run. Specifically, President Nayib Bukele of El Salvador, used BTC profits to better the condition of his nation. He even encouraged his citizens to buy and hold BTC creating a more stable path to financial freedom for them all.
Majority of Americans Now Own More Bitcoin Than Gold
The word of Bitcoin has reached far and wide this bull cycle, but the major trigger came from President Trump’s support for Bitcoin (BTC). So strong was his impact that since the US Strategic Bitcoin Reserve was confirmed earlier this year, Americans are now moving towards holding more Bitcoin than gold.
As we can see from the post above, the image in the post shows how Bitcoin is becoming America’s reserve asset as more Americans are now holding more Bitcoin (BTC) than gold. To highlight, 37 million Americans own gold while 50 million Americans own Bitcoin. This is a revolutionary moment in Bitcoin’s future history, and with the SEC turning more crypto-friendly, crypto adoption is set to grow in the USA.
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