coinpedia 2025-05-09 20:47:28

Satoshi Action Fund’s CEO Dennis Porter Says 2 More States Will Approve Strategic Bitcoin Reserve Bills in 2 Months

The post Satoshi Action Fund’s CEO Dennis Porter Says 2 More States Will Approve Strategic Bitcoin Reserve Bills in 2 Months appeared first on Coinpedia Fintech News The demand for Bitcoin by sovereign wealth funds has skyrocketed in the past few years. Bitcoin price is expected to record a parabolic rally in the coming months after regaining $100k again. The momentum for approving Strategic Bitcoin Reserves (SBRs) at the state level has gained significant traction after New Hampshire and Arizona led the way. According to Dennis Porter, the CEO and co-founder of Satoshi Action Fund, there is a strong chance that two more U.S. states will approve and sign into law the SBR bills in less than 60 days. “This also isn’t just me guessing. There are two states with very high odds of getting it done, especially now that two have already passed it into law,” Porter noted . Among the other likely states to approve the SBR bills include Utah , especially after the Blockchain and Digital Innovation Amendments bill passed a house committee with an 8-1 vote earlier this year. Texas is also another state likely to approve the SBR bill in the next two months. Impact of SBRs on Bitcoin Price Action The rising demand for Bitcoin by sovereign funds in addition to institutional investors has played a crucial role in the underlying bullish sentiment. Furthermore, Bitcoin’s fear and greed index has surged to over 70 percent, signaling an overall market greed. In the past few days, Bitcoin price outshined Gold and the wider stock market to rally beyond $100k for the first time since U.S. President Donald Trump took office earlier this year. According to Kalshi , a U.S.-based prediction market platform, Bitcoin price has a high chance of rallying to a peak of $131k before the end of 2025. From a technical analysis standpoint, Bitcoin price has mirrored the 2017 bull market cycle, thus signaling the onset of the much anticipated parabolic rally in the coming months.

Наиболее читаемые новости

Ethereum Price Rally Tests Staying Power as A...
2025-05-13
Pepe investors support surging crypto priced...
2025-05-13
Whale Boosts BTC Short Positions with $10M US...
2025-05-13
Ethereum, Solana, Bitcoin, and XRP Traders Br...
2025-05-13
Google I/O 2025: Unveiling the AI Revolution...
2025-05-13
SEC Chair Pushes Clear Crypto Rules for Tradi...
2025-05-13
Bitcoin Price: Navigating the Crucial Dip Ahe...
2025-05-13
U.S. Government Seeks Two-Year Prison Sentenc...
2025-05-13

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения