He argues that this capital shift does not weaken Bitcoin or its long-term fundamentals.

The increase reflects continued demand for gold as a strategic reserve asset.

The firm cites a stronger-than-expected labor market as the main reason for its revised outlook.

He believes that after the bill is signed, institutional capital will begin flowing into the market.

He added that he became so cash-strapped afterward that he had to borrow money to pay rent.

The industry argues that the bill would provide greater regulatory clarity for digital assets in the United States.

The firm highlights Hyperliquid’s significant role in the crypto market’s buyback activity this year.

The launch expands access to BTC-backed assets for institutions participating in decentralized finance.