Panama City Explores Bitcoin Reserve Strategy Inspired by El Salvador
Panama City is considering adopting a Bitcoin reserve strategy, following in the footsteps of El Salvador. Mayor Mayer Mizrachi sparked speculation after a private meeting with El Salvador’s crypto strategists, Max Keiser and Stacy Herbert, who played pivotal roles in shaping the country’s BTC treasury approach. A cryptic social media post from Mizrachi, simply stating "Bitcoin Reserve," has fueled market excitement. As of May 17, 2025, Bitcoin (BTC) is trading at 103,114.70 USDT. This potential move could further legitimize Bitcoin as a reserve asset and influence global adoption trends.
Panama City Considers Bitcoin Reserve Following El Salvador’s Lead
Panama City may soon join the ranks of crypto-forward governments, with Mayor Mayer Mizrachi hinting at a potential bitcoin reserve initiative. The speculation follows a closed-door meeting with El Salvador’s key crypto strategists, Max Keiser and Stacy Herbert, architects of the country’s groundbreaking BTC treasury strategy.
A cryptic social media post from Mizrachi—simply stating "Bitcoin Reserve"—has ignited market chatter. The timing is notable, coming just days before his scheduled appearance at Bitcoin 2025 in Las Vegas. While details remain undisclosed, the allusion to El Salvador’s 6,179 BTC treasury suggests Panama could adopt similar institutional crypto holdings.
Greed Takes Over the Market: Next Meme Coin to Explode amid Renewed Optimism
The crypto Fear and Greed Index has surged to 68, signaling a strong appetite for speculative investments. Traders are flocking back to volatile assets, particularly altcoins and meme coins, as bullish sentiment returns.
Bitcoin remains steady above $100,000, supported by easing geopolitical tensions and institutional inflows. MicroStrategy recently added 13,390 BTC worth $1.34 billion to its holdings, underscoring growing institutional confidence.
With greed driving market sentiment, low-cap, high-upside tokens are poised to capture attention. The stage is set for a new bull run, with meme coins likely to lead the charge.
Coinbase Stock Defies Challenges with Strong Rally Amid Market Turbulence
Coinbase shares surged to $266 this week, marking their highest level since February and an 88% rebound from yearly lows. The rally propelled the company’s market capitalization past $67.8 billion, despite facing significant headwinds.
Bitcoin’s stalled rally below $105,000 and double-digit declines across altcoins failed to dampen investor enthusiasm. The exchange’s resilience appears noteworthy given concurrent challenges, including a sophisticated hack involving overseas collaborators that may cost over $400 million.
Bitcoin ETFs Attract Over $5 Billion as Institutional Bets Drive Rally
U.S.-listed spot Bitcoin ETFs have seen a surge of more than $5 billion in inflows over recent weeks, fueling BTC’s sharp recovery from $75,000 to $100,000. Analysis suggests these flows are dominated by directional bullish bets rather than arbitrage strategies.
The 11 spot ETFs absorbed $2.97 billion in April alone, with an additional $2.64 billion arriving this month. Total net inflows since their January 2024 launch now exceed $41 billion, according to SoSoValue data.
While institutions historically used these products for cash-and-carry arbitrage between futures and spot markets, the current wave appears driven by outright long positioning. The trend underscores growing institutional conviction in Bitcoin’s upward trajectory.
Bitcoin Holds Steady Amid US Credit Rating Downgrade by Moody’s
Bitcoin’s price exhibited remarkable stability following Moody’s decision to downgrade the US credit rating from Aaa to Aa1. Trading at $103,000, BTC showed only a 2.8% retreat from monthly highs, maintaining a $2.045 trillion market capitalization. The cryptocurrency’s muted response underscores its growing decoupling from traditional financial shocks.
Moody’s MOVE aligns with earlier actions by S&P Global (2011) and Fitch Ratings (2022), completing the trio of major agencies stripping America of its triple-A status. The downgrade reflects deepening concerns about US fiscal sustainability, coming precisely one year after Moody’s negative outlook warning. Market observers note Bitcoin’s resilience contrasts sharply with traditional asset volatility during such sovereign credit events.
