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$BTC Could Reach $1 Million with Strategic US BTC Reserve Jeff Park, has suggested that Bitcoin could potentially reach $1 million if the United States establishes a strategic BTC reserve. However, he forecasts that the likelihood of such a scenario occurring by 2025 is less than 10%. According to Park, if the reserve is formed at a Bitcoin price of $70,000, the asset could surpass $1 million. If the reserve is set at $90,000 per BTC, the price could stabilize around $250,000. #BTC走势分析
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Ethiopia uses hydroelectric power plants to mine $BTC Last year, the hydroelectric power plant generated $1 billion in profit. #BTC走势分析
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Why $BTC Isn’t Near a Bubble or Bear Market Yet Crypto Quant CEO Ki Young Joo explained why Bitcoin is far from entering the bubble or bear market stages. Despite a potential 30% correction, Joo believes the market could easily recover by 30% in the short term. He noted that whales continue to dominate, with retail investors not yet fully involved. Capital inflows remain strong at $7 billion per day, suggesting the bull market is still active. Joo also emphasized that the true "bubble" phase will come when Bitcoin’s price significantly exceeds the rate of incoming capital. #BTC走势分析
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Public Mining Stocks Underperform Despite Bitcoin’s Surge Bitcoin’s 113% rise in 2024 couldn’t prevent most public mining stocks from ending the year in the red. Only seven miners saw gains, as the halving and increasing costs took their toll. $BTC
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What You Need to Know About Turkey’s New Crypto Rules Starting in the last week of 2024, Turkey implemented new cryptocurrency regulations. The rules stipulate that individuals engaging in transactions over $425 will need to provide their identification to cryptocurrency service providers. These rules will be enforced beginning February 25, 2025. $BTC
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