White House Crypto Party
Michael Saylor, CEO of Strategy and Brian Armstrong both invited to Digital Assets Summit on Friday. Both Saylor and Armstrong have been in the crypto lime light for many years and have a strong following. The fact that they are coming to the summit shows that the working committee want to get things right and are taking counsel from subject matter experts. In addition, both have stated recently that the US strategic reserve should mostly contain Bitcoin.
Bitcoin Lending
Blockstream, Bitcoin development firm set to launch 3 investment funds, two of which focused on crypto lending. Lead by company co-founder Adam Back, the legendary Bitcoin developer who has been a part of Bitcoin since the early days it was released in 2009. These are set to launch in April and will offer Bitcoin-backed loans among other crypto borrowing options. This is a much awaited step in the life cycle of Bitcoin as holders would love the opportunity to have access to money but not have to sell their Bitcoin. Its reported that the company has secured several billion dollars in finding to launch these funds.
Quick Hits
- El Salvador buys another 5 Bitcoin for Strategic Reserve
- Metaplanet raises another 87 million to buy more Bitcoin
- Kraken and major crypto exchange has the SEC lawsuit against it dropped with no admission of wrongdoing, penalties, or charges.
- David Sacks, Trump's crypto czar confirms his sales of all crypto investments, prior to taking his position on the president work group.
- Carlos Salinas, the Mexican Billionaire says he has 70% exposure to Bitcoin, up from 10% in 2020.
