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Should India Hold Bitcoin? Expert Pushes for $10B Crypto Reserve

by Oscar phile phile
written by Oscar phile phile

As global attitudes toward crypto evolve, a top Indian financial expert has urged the Reserve Bank of India (RBI) to create a $10 billion digital asset reserve, citing Bitcoin (BTC), XRP, Ethereum (ETH), and Solana (SOL) as strategic holdings.

A Modest Bet from a Massive Forex Reserve

Financial pundit Aravind has proposed that India should allocate just $10 billion from its $650+ billion Forex reserves to build a crypto reserve. Calling it a “modest bet,” he argued this move would strengthen India’s digital financial standing while hedging against weakening fiat currencies.

He recommended funding the reserve by reallocating a small portion of India’s existing foreign exchange, which is currently heavy on traditional fiat currencies expected to lose value.

Following the U.S. Playbook

Aravind’s proposal closely follows the U.S. government’s recent crypto reserve directive, spearheaded by President Trump. The U.S. reserve will mainly hold Bitcoin, with select altcoins like XRP, ETH, SOL, and ADA also under consideration.

However, unlike Aravind’s approach, the U.S. plans to grow its reserve through civil and criminal crypto forfeitures, not by dipping into government funds.

India’s Opportunity for Strategic Positioning

Aravind believes India can leap ahead in digital finance by adopting a crypto reserve early, taking cues from the U.S. model rather than building from scratch. The expert has been a consistent voice in pushing for this strategic shift, especially after the U.S. formally committed to a crypto reserve policy.

By including assets like Bitcoin and XRP, India could gain exposure to both store-of-value and utility-focused cryptocurrencies, potentially bolstering its economic resilience and global tech influence.

A Divided Global Response

The U.S. crypto reserve has sparked debate worldwide. Countries like Japan and South Korea have rejected the idea of holding crypto in national reserves. On the other hand, Brazil and some emerging economies view Bitcoin as a valuable national asset.

With the U.S. already holding over $17 billion in crypto, primarily in Bitcoin, the pressure is mounting on nations like India to make their stance clear in the rapidly changing global financial landscape.

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Bitcoin

White House Grants Bitcoin Special Status as Crypto Summit Kicks Off

by Oscar phile phile
written by Oscar phile phile

In a landmark move, the White House has confirmed that Bitcoin (BTC) will receive special treatment among digital assets as the U.S. government establishes a national Bitcoin reserve. President Donald Trump’s executive order, signed on Thursday night, sets Bitcoin apart as a strategic reserve asset while other cryptocurrencies will be stockpiled only from government seizures.

200,000 BTC to Form the Initial Reserve

A senior White House official revealed that the new Bitcoin reserve will begin with approximately 200,000 BTC—already in government possession. However, while the initiative signals strong institutional recognition of Bitcoin, it does not yet involve active BTC purchases. The administration is exploring ways to inject new funds into the reserve without relying on taxpayer money.

Meanwhile, the federal government has initiated an audit to determine the total crypto assets in its control. The results will dictate how non-Bitcoin cryptocurrencies will be managed within the separate reserve stockpile.

Crypto Industry Leaders Meet at White House Summit

Friday’s crypto summit at the White House is a pivotal moment for the industry. High-profile executives from leading crypto firms—including Coinbase, Ripple, Kraken, Gemini, Chainlink, and Robinhood—are attending to discuss policy direction with the Trump administration.

President Trump himself is expected to make an appearance at the 3 p.m. event, where he will outline the significance of the new executive order. The meeting reflects the administration’s growing engagement with the crypto industry, marking a dramatic shift from the regulatory uncertainties that plagued the sector in past years.

Congress Signals Stronger Crypto Support

The Republican-led Congress has recently shown an increase in pro-crypto sentiment. Just this week, the Senate voted overwhelmingly to repeal a contentious crypto tax rule introduced by the Internal Revenue Service (IRS) during the Biden administration.

Although Trump’s executive order provides a strong foundation for the Bitcoin reserve, it does not carry the permanence of legislation. The White House official noted that additional legislative backing would be welcome to solidify Bitcoin’s role as a U.S. reserve asset.

A Turning Point for Crypto in the U.S.

The establishment of a Bitcoin reserve represents a historic moment for the cryptocurrency industry in the U.S. Once viewed with skepticism by regulators, the sector now finds itself at the center of policymaking discussions.

While industry leaders are hopeful about future developments, questions remain about how the government plans to expand and manage the Bitcoin reserve without triggering market disruptions. For now, the move signals an unprecedented embrace of Bitcoin at the highest levels of U.S. governance.

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BitcoinMarket

Bitcoin Faces Resistance Near $87K Amid Trader Caution

by Isaac lane
written by Isaac lane

Short-term optimism clashes with long-term doubts as BTC eyes fresh April highs

Bitcoin (BTC) approached the $87,000 mark at the Wall Street open on April 15, attempting to hit new monthly highs. Despite growing bullish sentiment following a weekend of strength, traders remain divided on the sustainability of the latest price movement, with concerns over macroeconomic pressures and technical resistance levels continuing to weigh on market confidence.

Traders Eye $90K But Warn of Emotional Market Swings

Data from TradingView shows BTC/USD attempting to push past $86,000, building momentum from recent gains. Enthusiasm has grown among some market participants, who are hoping for a move towards the $90,000 level — a price not seen since early March.

However, trading resource Stockmoney Lizards noted a sharp shift in sentiment, calling attention to the emotional nature of market reactions. “Just days ago everyone was calling for $50K, now they’re rushing to flip bullish at the first green candle,” the group wrote on X. They warned that such volatility in sentiment often leads to poor trading decisions, adding that several resistance levels still stand in Bitcoin’s path before any confirmation of a true trend reversal.

bitcoin

BTC/USD 1-day chart. Source: Peter Brandt/X

Their forecast suggests Bitcoin may continue to trade within a range of $78,000 to $88,000 over the coming weeks, using this phase to “build energy” for a potential breakout. A clear move beyond the $97,000 level, they argue, could pave the way for a rise above $110,000 later in the summer.

Debate Over Trend Line Break and Bullish Indicators

A key discussion among analysts involves Bitcoin’s attempt to break through a multi-month downward trend line, which has been in place since BTC set its all-time high in January. Some traders view this as a positive shift in technical momentum.

Popular trader SuperBro highlighted the relevance of the 200-day simple moving average (SMA), currently near $87,566, as a key level. “It didn’t break a multimonth downtrend just for $86K,” they commented. “If the higher high (HH) is successful, it can retrace for a higher low (HL) before running for the wedge target above $100K.”

bitcoin

BTC/USD 1-day chart. Source: SuperBro/X

Brandt Downplays Importance of Trendlines

Veteran trader Peter Brandt, however, offered a more sceptical perspective. He dismissed the significance of trendline analysis altogether, stating that trendline breaks do not indicate a transition in market trends. “Of all chart construction, trendlines are the least significant,” Brandt posted on X. “A trendline violation does NOT signify a transition of trend.”

Outlook Remains Cautiously Optimistic

While short-term momentum remains bullish, resistance levels and global economic uncertainty — particularly around the ongoing US trade war — continue to prevent a unanimous call that the recent correction in Bitcoin’s bull run is over. For now, the market is expected to consolidate within the current range, with traders watching closely for a decisive breakout beyond key resistance near $97K.

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Bitcoin-Gold ratio
BitcoinMarketNews

Bitcoin Still on Path to $1.8M by 2035, Says Analyst

by Oscar phile phile
written by Oscar phile phile

Despite recent price dips and global trade uncertainties, Bitcoin remains on track for a multi-million-dollar future, according to Joe Burnett, director of market research at Unchained. Burnett believes that Bitcoin’s long-term fundamentals are intact and could see the asset soar past $1.8 million by 2035, even amid short-term market turbulence.

Long-Term Vision Unshaken by Short-Term Woes

Speaking on Cointelegraph’s Chainreaction show, Burnett highlighted two key price models shaping the decade-ahead Bitcoin narrative — the “parallel” model projecting $1.8 million, and Michael Saylor’s Bitcoin 24 model, which sees Bitcoin reaching $2.1 million by 2035.

“These are good base cases,” Burnett said, noting that Bitcoin’s real-world adoption and macroeconomic shifts could drive even greater price action.

Bitcoin vs Gold: A Technological Upgrade

Bitcoin’s growth potential, Burnett argued, lies in its ability to rival or even surpass gold’s $21 trillion market cap.

“If Bitcoin reached gold parity, we’d already be seeing $1 million per coin,” he noted, comparing Bitcoin to the automobile overtaking the horse-and-buggy — an inevitable shift driven by superior technology.

While Bitcoin as a “digital gold” continues to evolve, its safe-haven narrative is currently eclipsed by tokenised gold, which has seen trading volumes surge past $1 billion — the highest in two years — amid renewed trade tensions and inflation fears.

Market Volatility: A Feature, Not a Flaw

Bitcoin’s volatility, though often criticised, is maturing. Burnett pointed out that bear markets serve a critical function — transferring coins into the hands of long-term believers.

“Volatility doesn’t scare the strongest holders,” he said. “Every drawdown strengthens Bitcoin’s foundation by redistributing supply to those with conviction.”

Although future crashes of up to 80% aren’t off the table, these phases may become prime accumulation windows for institutional and retail investors alike.

2025 Outlook: Gold Shines While Bitcoin Struggles

Despite bullish forecasts, Bitcoin is down over 10% year-to-date, while gold has climbed 23%, according to TradingView.

Arthur Hayes, co-founder of BitMEX, sees BTC hitting $250,000 by the end of 2025 — but only if the US Federal Reserve reverts to quantitative easing.

In the near term, caution dominates. With capital flowing out of Bitcoin ETFs and investors awaiting clarity on global tariff policies, many are reallocating to safer havens like gold and strong fiat currencies.

“Bitcoin’s story isn’t over — but in the next 90 days, it’s on pause,” said Enmanuel Cardozo of tokenisation platform Brickken.

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Bitcoin 2025
BitcoinCryptoEventsNews

Bitcoin 2025 in Las Vegas | Crypto Titans to Converge

by Oscar phile phile
written by Oscar phile phile

Las Vegas is set to host the year’s most anticipated crypto gathering — Bitcoin 2025 — from 27 to 29 May, and the speaker lineup is more star-studded than ever. With industry leaders like David Sacks, Michael Saylor, and Senator Cynthia Lummis sharing the stage, the event promises impactful conversations around Bitcoin’s regulatory, financial, and ideological future.

David Sacks Joins the Big Leagues

Dubbed the “Crypto Czar,” David Sacks will join forces with Michael Saylor, Executive Chairman of MicroStrategy and a leading Bitcoin evangelist, and Senator Cynthia Lummis, one of the strongest political advocates for crypto regulation in the U.S.

Sacks, a respected tech entrepreneur and investor, is expected to bring a pragmatic yet visionary perspective on the intersection of traditional finance and decentralised technologies. His presence underlines the increasing convergence of Silicon Valley influence and crypto innovation.

Policy Meets Innovation

Adding a significant policy dimension to the mix is Bo Hines, Executive Director of the President’s Council of Advisors for Digital Assets at the White House. Hines plays a critical role in shaping the U.S. government’s stance on crypto regulation and digital asset policy.

With voices like Lummis and Hines, Bitcoin 2025 is set to become a vital platform for bridging the public-private gap in crypto discourse, potentially influencing how legislation and innovation align in the years to come.

Passes for Every Kind of Attendee

Bitcoin 2025 caters to all levels of the crypto curious. Ticket options range from the Festival Pass at $509, offering general access to the event, to the Industry Pass at $1,699, aimed at professionals looking for deeper networking and business opportunities.

For the high-rollers, there’s the VIP Whale Pass at a whopping $9,499, granting backstage access and exclusive interactions with the biggest names in crypto.

An Unmissable Date on the Crypto Calendar

With a roster of policymakers, innovators, and influential investors, Bitcoin 2025 isn’t just another blockchain expo — it’s a stage for setting the tone of crypto’s global direction. Whether you’re a Bitcoin believer, DeFi developer, or crypto sceptic, the event promises rich, future-defining conversations.

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BitcoinCryptoMarketNews

Bitcoin Holds Firm Amid $5T Stock Sell-Off

by Oscar phile phile
written by Oscar phile phile

As traditional markets reel from a historic $5 trillion sell-off, Bitcoin’s resilience is capturing investor attention. The leading cryptocurrency’s muted reaction to macroeconomic turmoil signals a possible paradigm shift in its market role—from speculative asset to a hedge against financial instability.

Trump Tariffs Trigger Market Chaos

The turmoil began on April 2, when U.S. President Donald Trump announced reciprocal import tariffs aimed at reducing America’s $1.2 trillion trade deficit and boosting domestic manufacturing. The move sent shockwaves through financial markets.

Bitcoin

Over the next two days, the S&P 500 shed $5 trillion in market capitalisation—its worst two-day loss on record, even surpassing the COVID-19 panic of March 2020. In contrast, Bitcoin slipped just 3.7%, trading at around $83,600 by April 5.

Bitcoin Shows Signs of Market Maturity

Unlike past global shocks, where Bitcoin often mirrored stock sell-offs, this time the digital asset appeared more stable. Analysts suggest this may mark a turning point in how investors perceive Bitcoin.

“This divergence might signal an evolution in Bitcoin’s market positioning,” said Marcin Kazmierczak, COO of RedStone blockchain oracle. He noted that Bitcoin’s fixed supply offers a stark contrast to fiat currencies, which face inflation risks during protectionist economic shifts.

Decoupling From Risk Assets?

According to Nexo analyst Iliya Kalchev, Bitcoin’s ability to hold above $82,000 despite market-wide fear shows “structural demand remains intact” even amid volatility.

However, James Wo, CEO of DFG, points out that some investors still treat Bitcoin as a risk asset, especially as Bitcoin ETFs expand institutional exposure. “It’s still influenced by macro trends,” he said, but added that consistent resilience could further cement its ‘digital gold’ status.

Analysts Eye $132K BTC by Year-End

Looking ahead, analysts remain bullish. Jamie Coutts, Chief Crypto Analyst at Real Vision, believes Bitcoin could reach $132,000 by the end of 2025, driven by rising money supply and a shift in investor sentiment.

Bitcoin

BTC projected to reach $132,000 based on M2 money supply growth. Source: Jamie Coutts

Whether Bitcoin becomes a full-fledged safe haven or remains a volatile asset class is still unfolding. But for now, its strength during one of the biggest market shocks in history speaks volumes about its growing role in the global financial system.

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BitcoinCryptoMarketNews

Bitcoin Hold Steady as Market Tumble on Job Data and Tariffs

by Oscar phile phile
written by Oscar phile phile

The U.S. economy delivered a surprise in March, adding 228,000 jobs, far exceeding expectations of 135,000. However, financial markets remain on edge after Trump’s tariff announcements and China’s swift retaliation. While stocks plunged, Bitcoin (BTC) showed early signs of resilience, raising questions about its role as a safe-haven asset.

Markets Rattle as Jobs Surge, Rate Cuts Eyed

The U.S. unemployment rate inched up to 4.2%, slightly above the 4.1% forecast. Despite this, the robust job growth reinforces expectations that the Federal Reserve may delay aggressive rate cuts. Markets had previously priced in four cuts for 2025, bringing interest rates down to 3.25%–3.50%.

While the Fed is expected to hold rates steady in May, traders are now betting on a 60% chance of a June cut. The uncertainty has fueled volatility, particularly in risk assets like stocks and crypto.

Bitcoin vs. Nasdaq: A Decoupling Begins?

The Nasdaq crashed 6% on Thursday, while the S&P 500 slid nearly 5%, following Trump’s tariff announcements. As China retaliated, futures pointed to further losses.

bitcoin

Bitcoin, however, held firm around $82,600, resisting the Nasdaq’s freefall. While BTC has moved in sync with tech stocks in recent months, its ability to maintain key support at $80,000 suggests a potential shift. If this trend continues, Bitcoin could finally break away from traditional equity market movements.

Safe Havens: Gold Shines, Bonds Rally, Bitcoin?

In times of uncertainty, investors traditionally flock to safe havens. Gold remains near its record high of $3,200 per ounce, while U.S. Treasury yields have dropped sharply, reflecting strong demand.

Bitcoin’s performance remains mixed—despite its stability, it has not yet seen the kind of strong inflows typical of gold and bonds. However, if economic instability persists, BTC could cement its position as an alternative hedge.

What’s Next for Bitcoin?

The next big test comes with March inflation data, set for release next week. Both core and headline CPI are expected to hover around 3%, which could influence the Fed’s next moves.

For now, Bitcoin’s ability to weather stock market turmoil is encouraging for bulls. If it sustains this resilience, it may finally shed its reputation as just another speculative tech asset—and prove itself as digital gold in times of crisis.

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Crypto Market
BitcoinCryptoMarketNews

Crypto Market Wobbles: $450M Liquidated Amid Volatility

by Oscar phile phile
written by Oscar phile phile

The crypto market faced a rollercoaster ride as Bitcoin, Ether, and XRP saw sharp price swings, triggering $450 million in liquidations across bullish and bearish positions. Market uncertainty was fueled by new U.S. tariffs, wiping out recent gains in both crypto and traditional assets.

Bitcoin and Majors Face Wild Swings

Bitcoin briefly touched $87,000, buoyed by hopes of long-term resilience in a shifting economic landscape. Ether (ETH) and XRP also showed promise, trading above $1,900 and $2.15, respectively.

However, optimism quickly faded as prices plunged up to 5% from Wednesday’s highs. By early Thursday, Bitcoin had slipped to $83,500, while Ether dropped to just over $1,800—effectively erasing gains made earlier in the week.

U.S. Tariffs Spark Market Uncertainty

The market turmoil coincided with President Donald Trump’s new tariffs, which imposed:

  • 25% duties on auto imports,

  • 10% minimum tariffs on all U.S. exporters, and

  • 50% tariffs on some Chinese goods, plus a 26% hike on Indian imports.

Global markets reacted negatively, with Asian indices tumbling, U.S. Treasury yields hitting five-month lows, and gold reaching new highs. Crypto markets mirrored this uncertainty, leading to widespread liquidations across futures contracts.

$450M Liquidated in an Unusual Market Move

Mass liquidations typically indicate extreme sentiment shifts, with single-sided liquidations often marking local tops or bottoms. However, Thursday’s balanced long and short liquidations—over $230M on each side—suggest a deeper market indecision.

Key liquidation figures:

  • BTC futures: $172M liquidated

  • ETH futures: $120M liquidated

  • Altcoins: $50M liquidated

Liquidations occur when leveraged traders fail to maintain margin requirements, forcing exchanges to close their positions. This wipeout highlights the current high-risk environment for leveraged crypto traders.

What’s Next for the Market?

While some technical indicators suggest a potential recovery, macroeconomic uncertainty remains a key challenge. If risk appetite returns, Bitcoin and major altcoins could regain momentum. However, further market instability—driven by geopolitical and economic factors—could keep crypto on edge.

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MicroStrategy
BitcoinMarketNews

MicroStrategy Buys Another 22K Bitcoin for $1.92B

by Oscar phile phile
written by Oscar phile phile

MicroStrategy (MSTR), led by Michael Saylor, has expanded its Bitcoin holdings once again, adding 22,048 BTC for $1.92 billion. This latest move reinforces the company’s aggressive Bitcoin acquisition strategy, bringing its total holdings to 528,185 BTC, worth over $43 billion at current prices.

Massive Purchase at an Average of $86,969 per BTC

According to a Monday filing, MicroStrategy acquired Bitcoin at an average price of $86,969 per BTC. This latest accumulation increases its total investment to $35.63 billion, with an average purchase price of $67,458 per BTC.

At present Bitcoin prices of around $82,000, the company holds an unrealised gain of over $7 billion. However, short-term volatility has affected MicroStrategy’s stock, which is down 4% premarket, mirroring Bitcoin’s 3% dip since the previous market close.

Funding the Purchase with Common Stock Issuance

MicroStrategy funded this massive Bitcoin buy primarily through common stock issuance, raising $1.2 billion in the week ending March 30. The company also secured $18.52 million via its STRK preferred share ATM and closed its STRF preferred share offering, raising an additional $711.2 million.

This approach aligns with Saylor’s strategy of leveraging equity and debt markets to continually accumulate Bitcoin.

MicroStrategy’s Growing Influence in the Bitcoin Market

With over half a million BTC now in its reserves, MicroStrategy remains the largest corporate Bitcoin holder. Its relentless buying spree continues to signal long-term bullishness on Bitcoin, despite periodic market fluctuations.

However, this aggressive accumulation also increases MicroStrategy’s exposure to Bitcoin price swings, making its stock a highly correlated proxy for BTC movements.

Will Saylor’s Bitcoin Bet Pay Off?

MicroStrategy’s commitment to Bitcoin remains unwavering, with Saylor doubling down despite high volatility. While its holdings have significantly appreciated, the company’s stock remains susceptible to BTC’s short-term price action.

As institutional adoption grows, Saylor’s bold Bitcoin strategy could continue to pay off. But with Bitcoin’s price near all-time highs, future purchases could come with greater risks.

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Bitcoin Whales
BitcoinMarketNews

Bitcoin Whales Scoop Up $11B, Signalling Market Confidence

by Oscar phile phile
written by Oscar phile phile

Despite ongoing macroeconomic uncertainty, Bitcoin whales have ramped up their accumulation, showing renewed faith in the top cryptocurrency’s long-term potential. Data from Glassnode reveals a strong buying trend that could reshape the short-term market narrative.

Whales Accumulate 129,000 BTC in Two Weeks

Between March 11 and March 25, large Bitcoin holders snapped up over 129,000 BTC, valued at around $11.2 billion based on market prices near $87,500. This marks the highest accumulation rate since August 2024, according to Glassnode, highlighting a notable shift in sentiment among deep-pocketed investors.

While retail holders continue to sell, whale wallets holding over 10,000 BTC have aggressively bought the dip, effectively balancing the outflows from smaller market players.

Macroeconomic Shifts Fuel Confidence

Bitcoin’s price recently rebounded from lows below $78,000, buoyed by dovish signals from the U.S. Federal Reserve and fading fears over Trump’s upcoming April 2 tariffs. These developments appear to have boosted market sentiment, encouraging whales to re-enter aggressively.

Despite some technical indicators suggesting caution, whale behaviour often serves as a leading indicator, pointing to potential bullish momentum ahead.

HODL Trend Resurfaces

Further supporting the bullish case, Bitbo Charts‘ “1Y+ HOLD wave” shows a renewed upswing, indicating more investors are shifting towards long-term holding. This trend aligns with the whales’ actions, suggesting that seasoned market participants anticipate further gains in the months ahead.

As confidence returns to the market, all eyes are on whether Bitcoin can sustain its upward trajectory—and whether whale-led accumulation will continue to act as a backbone for the next leg up.

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