Bitcoin’s Rise Continues: Metaplanet Enters Top 10 Holders List

A significant move in the cryptocurrency world sees Tokyo-based Metaplanet become a top 10 Bitcoin holder, reflecting the growing viability and investment in Bitcoin as a reserve currency.

Metaplanet Becomes Top 10 Bitcoin Holder After $67M Purchase

In recent years, companies have increased their investment in the cryptocurrency market. Favorable regulation is expected in the coming years, and Bitcoin has shown viability as a reserve currency. Tokyo-based Metaplanet, known for its innovative approach to Bitcoin financing, has achieved a Q1 yield of 95%. Following the strategy of firms like Michael Saylor’s, Metaplanet has become a top 10 Bitcoin holder after its most recent $67 million purchase, adding 696 BTC to its holdings.

Arthur Hayes Predicts Bitcoin to Surge to $250,000 by 2025

Bitcoin’s price continues to struggle below $90,000 amid economic uncertainties. However, BitMEX co-founder Arthur Hayes predicts that Bitcoin could reach $250,000 by the end of 2025. Hayes attributes this prediction to a shift in US monetary policy, where he believes the Federal Reserve will resume quantitative easing due to political and economic pressures, leading to increased liquidity and a rise in Bitcoin’s price.

Bitcoin Whales Double Down On Accumulation

Robust volatility continues to impact the broader crypto market, causing Bitcoin’s price to struggle in the past few weeks. Despite this bearish performance since its January all-time high, seasoned investors have persistently purchased Bitcoin. Santiment, a leading intelligence and on-chain data platform, has reported consistent buying activity among large investors, indicating renewed interest in BTC despite unfavorable market conditions.

Bitcoin Miners Shift Towards Renewable Energy

Bitcoin miners are increasingly adopting solar and wind energy, reducing their reliance on coal. A report titled Mining the Future: Bitcoin’s Carbon Footprint and the Path to 2030 acknowledges Bitcoin mining’s high energy demands but notes that a significant portion of energy consumption is now sourced from renewable energy, with projections indicating this share will continue to grow. The report considers various factors, including government policies, global energy trends, economic incentives, and the price of BTC, in predicting that renewable energy will account for between 59.28% and 74.29% of all BTC electricity consumption by the end of the decade.

BlackRock Registers as a Crypto Asset Firm in the UK

BlackRock, the $10 trillion asset manager, has officially registered as a crypto asset firm in the UK, according to the Financial Conduct Authority. This allows BlackRock to operate its new European Bitcoin exchange-traded product as a UK entity. The iShares Bitcoin ETP was listed on the Euronext stock markets in Paris and Amsterdam last week with a fee waiver of 10 basis points.