ECB President ‘Certain’ Bitcoin Won’t Be Added to Central Bank Reserves
Christine Lagarde, President of the European Central Bank (ECB), has expressed skepticism over the potential of Bitcoin being adopted as a reserve asset by central banks, including the Czech National Bank (CNB), following discussions with its governor. During a press briefing on January 30, Lagarde reaffirmed the ECB’s stance that central bank reserves should be […]
World’s Largest Sovereign Wealth Fund Boosts Indirect Bitcoin Exposure by 153%
Norway’s sovereign wealth fund, overseen by Norges Bank Investment Management (NBIM), has significantly increased its indirect exposure to Bitcoin by investing in a diverse range of crypto-friendly companies. Research from K33 indicates that by the end of 2024, NBIM’s Bitcoin exposure—through indirect holdings—had risen to 3,821 BTC, valued at approximately $356 million. This marks an […]
BTC Hits $106K as Weak US GDP Fuels Bitcoin Rally
Bitcoin remained resilient at $105,000 during the Wall Street open on Jan. 30, as the latest U.S. GDP figures for Q4 fell short of projections, sparking renewed optimism in the crypto market. Market data from TradingView showed BTC/USD climbing 2% on the day, maintaining its upward momentum despite macroeconomic uncertainty. The U.S. economy’s Q4 GDP […]