Roswell Pioneers Bitcoin Reserve Strategy: A Bold Step for Municipal Finance

In a historic move, Roswell, New Mexico, has become the first U.S. city to officially hold Bitcoin as part of its treasury reserves. This decision marks a significant milestone in the institutional adoption of cryptocurrencies, positioning Bitcoin as a viable hedge against inflation and a long-term store of value for public sector entities. The move reflects the growing acceptance of digital assets in traditional financial systems and sets a precedent for other municipalities to follow. As of May 7, 2025, Roswell’s bold strategy underscores the evolving role of Bitcoin in modern finance, offering a glimpse into the future of municipal treasury management.

Roswell Becomes First U.S. City to Hold Bitcoin as a Reserve Asset

Roswell, New Mexico, has etched its name in financial history as the first U.S. municipality to allocate Bitcoin to its treasury reserves. The strategic move positions the city at the forefront of public sector adoption of digital assets, framing Bitcoin as both an inflation hedge and long-term store of value.

This landmark decision reflects accelerating institutional acceptance of cryptocurrency as a legitimate reserve asset. Municipal treasuries traditionally rely on cash equivalents and government securities—Roswell’s allocation signals a paradigm shift in public finance management.

Standard Chartered Predicts Bitcoin to Hit $120K Soon as U.S. Investors Shift Capital

Bitcoin is poised for a potential breakout above $120,000, according to Geoffrey Kendrick, Standard Chartered’s head of digital assets research. The surge, expected in the second quarter, is fueled by institutional demand and a capital rotation away from U.S. assets.

Key drivers include a record-high U.S. Treasury term premium, sustained accumulation by Bitcoin whales, and ETF inflows diverting from gold to crypto. Trading activity spiked after President Trump’s April 9 tariff reprieve announcement, with BTC gaining 13% since early April to trade NEAR $95,500.

The cryptocurrency now tests resistance below its January peak of $108,786. While timing remains uncertain, the confluence of macroeconomic factors and investor behavior suggests upward momentum is building.

Robert Kiyosaki Predicts Financial Collapse—Remains Bullish on Bitcoin

Bitcoin trades near $94,600, extending its rally in the current bull market. Yet Robert Kiyosaki, author of ’Rich Dad Poor Dad,’ warns of an impending economic collapse that could send BTC plummeting to $300.

Kiyosaki cites rising global unemployment fears as a catalyst for financial instability. His recent social media post echoes earlier prophecies of a market crash leading to a potential ’New Great’ recession.

Despite short-term bearish indicators, Kiyosaki maintains long-term Optimism for Bitcoin’s role as a hedge against systemic failures.

Crypto Market Shows Restraint Amid Mixed Signals

Cryptocurrencies edged lower over the past 24 hours, with the CoinDesk 20 index slipping 1.4%. Bitcoin held steady near $95,000, maintaining its recent volatility range. The benchmark cryptocurrency remains on track for a 15% April gain—its strongest monthly performance since November.

Market participants weigh growing pessimism over potential reciprocal tariffs from the Trump administration against optimism for earlier-than-expected Fed rate cuts. Equity markets have rallied on expectations of tariff reductions and sustained monetary easing.

52% of Bitcoin Mining Now Green—Big Shift for BTC

Bitcoin mining is undergoing a sustainability revolution, with 52.4% of its electricity now sourced from renewable energy. The US leads this shift, accounting for 75.4% of global mining activity. Hydropower and wind dominate the renewable mix, though fossil fuels still contribute 47.6% of energy use.

Rising energy costs are pushing miners toward diversification—high-performance computing and energy innovations now supplement traditional operations. The Cambridge Centre for Alternative Finance report marks a turning point for an industry long criticized for its environmental footprint.

Wall Street Giants Poised to Expand Bitcoin ETF Access

Four of the largest U.S. brokerage firms—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS—are expected to offer Bitcoin ETFs to clients by year-end, according to Bitwise Investment Director Matt Hougan. These institutions collectively oversee more than $10 trillion in assets, potentially quadrupling institutional exposure to spot Bitcoin ETFs.

Despite tepid initial demand for products like Bitwise’s BITB fund, Hougan anticipates a shift in the latter half of 2024. The January launch of U.S. Bitcoin ETFs failed to penetrate major brokerages initially, leaving institutional access constrained. "This isn’t just adoption—it’s a sea change in how traditional finance interacts with crypto," remarked an industry insider.