Thu 14 Nov 2024 - 15:00 GMT / 10:00 EST

Bitcoin’s market structure, drivers, and value proposition in institutional portfolios

57% of the U.S. House is considered crypto-friendly, new SEC Chair expected by late Q1

The Bitcoin Act of 2024 proposes the U.S. retain $16 billion in Bitcoin and buy up to 1 million more Bitcoins ($75 billion) over five years

BlackRock’s Larry Fink and institutions like Norges Bank and the Swiss National Bank support Bitcoin, with large investments in MicroStrategy

Bitcoin’s market cap is still only one-third of gold's financial assets, including futures, ETFs, and similar instruments

Bitcoin, increasingly viewed as “digital gold,” could match gold’s market cap, especially with new political support after the U.S. election