Strategy Executive Chairman Michael Saylor argues bitcoin can preserve and transfer economic value more efficiently than gold or fiat currency, framing the cryptocurrency as a technological upgrade to money itself. His thesis places proof of work, fixed supply, digital ownership, and financial infrastructure at the center of bitcoin’s potential role as a long-term monetary foundation. […] from Bitcoin News https://ift.tt/icumNkh
Two of Abu Dhabi’s biggest sovereign investment vehicles sat through a roughly $118 million hit to their Blackrock spot bitcoin exchange-traded fund (ETF) positions in the second quarter and did not cut a single net share, leaving nearly $764 million riding on IBIT when June ended. Mubadala Investment Company and the Abu Dhabi Investment Council, […] from Bitcoin News https://ift.tt/nisHxTO