💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
NYDIG: The "dry powder" of companies holding Bitcoin may significantly drive up prices.
PANews May 5 - According to CoinDesk, NYDIG's Global Research Director Greg Cipolaro pointed out in a recent report that publicly traded companies holding Bitcoin have a significant amount of "dry powder," meaning the potential to raise funds by issuing new shares. If these companies utilize the current high stock prices to issue new shares and use the proceeds to purchase Bitcoin, it could have a substantial impact on market prices. Greg Cipolaro's preliminary estimates indicate that this capital deployment could drive Bitcoin prices up by about 44% from the current level of nearly $96,000. The report also mentions that pure Bitcoin companies like Twenty One may further amplify this potential impact due to their market enthusiasm and structural advantages.