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Crypto
Michael Saylor proposes five digital asset rights, calls for allowing financial firms to custody bitcoin
Michael Saylor said individuals and companies should be guaranteed five equal rights over digital assets, including creating, issuing, custody, transfer and use. He argued that in an AI-driven economy the United States should broaden capital-raising routes so 10,000,000 new companies can raise funds. Saylor also called for banks to be allowed to custody bitcoin and lend against it, criticised Basel rules, urged competition in stablecoin issuance and interest, and sought clearer transaction reporting thresholds.
Crypto
Bitcoin slides below $60,000 as Samson Mow says fundamentals unchanged
Bitcoin fell overnight, dropping below the $60,000 level and extending losses as broader crypto market liquidations exceeded $850 million. Crypto-related stocks also weakened, with Strategy falling to levels not seen since February 2024. Despite the selloff, Bitcoin supporter Samson Mow said Bitcoin’s fundamentals had not changed and called it the best hope for the future. He pointed to possible buying by Adam Back’s Bitcoin Standard Treasury Company.
Crypto
Bitcoin could hit $1.5 million if it matches gold\'s market value
A forecast said bitcoin could climb to about $1.5 million per coin if it attains the same market value as gold. Blockstream CEO Adam Back said bitcoin has posted the highest average annual return among major assets over the past decade, while requiring investors to endure high volatility. He also reiterated that bitcoin could surpass gold’s total market value if it becomes “digital gold.”