Bitcoin just hit a new all-time record of $112,000 on May 23, 2025. This achievement has pushed Bitcoin past Amazon, making it the fifth most valuable asset globally, which really shows how much it's growing.
Big financial firms are all in:
- BlackRock just bought $530 million worth of Bitcoin, showing serious faith from institutions.
- JP Morgan is letting its clients buy Bitcoin, which is a big step for crypto in traditional finance.
On the legislation front:
- The Texas House greenlit a Bitcoin Reserve bill, leading the charge in crypto adoption.
- Hong Kong introduced a Stablecoins Bill, finding a balance between innovation and consumer safety.
Market trends look good for Bitcoin:
- More Americans now own Bitcoin than gold, indicating a shift in trust.
- The U.S. market seems to be leaning towards Bitcoin instead of sticking with traditional assets.
But there are still regulatory hurdles:
- The SEC pushed back its decision on Grayscale's Dogecoin ETF.
- South Korea is cracking down with stricter crypto rules.
In other updates:
- The CEO of SafeMoon got convicted for fraud.
- A hacker moved $42 million in Bitcoin, reminding us of the security issues in the space.
Despite some bumps, Bitcoin’s price growth and support from major players suggest it has a bright future ahead.
No offense to DOGE supporters, especially the disciples of Elon Musk.. but honestly, I think its a good thing that the decision is being delayed. That means theyre taking the time to think it through carefully.
I personally hope it doesnt get approved. For me, it feels like a joke to see a meme coin like DOGE having its own ETF.
Just sharing my honest opinion here - nothing personal.
Approving DOGE ETF is promoting more shitcoins in the US and that may mislead more people who are naive on crypto and don't know that bitcoin is the only asset worth having an ETF and the other are waste of resources because they are all the same and has nothing to offer to investors.
Bitcoin is growing rapidly in value because of her great potential which when you come to know about it and you are a smart investor, you will immediately dive into investing in bitcoin to safe your funds from depreciating overtime. A lot of big whales are pumping the price.
During the time of US strategic reserve implementation, Doge wasn't considered even when other altcoins like Ethereum, Solana, Ripple and Ada were mentioned. If doge wasn't involved then, hoe come doge is coming to focus now.
As an investor, I will no investment through ETF coins like doge which started off purely as a meme coin without any use case.
If individual's vote or opinions are to be considered, I do not endorse doge ETF. If approved could trigger one insane trend I cannot be able to predict now.
As for the future of Bitcoin, there's no doubt about it. The invention of electricity that until now makes all the contents of the world need it, this is a great invention. Moreover, other inventions that I did not mention one by one. Bitcoin will also be remembered by the world community as the greatest invention. Why do I say this because I'm sure our neighbors if we ask them about Bitcoin, maybe the answer we will hear is Bitcoin scam or Bitcoin is gambling. People will change and will admit that it is wrong and that happens not now, maybe 10 years from now.
If in 5 years ago your closest people want to follow you to cross Bitcoin, I'm sure their wealth will multiply this year.
It's not about money, it's about value. Just like people don't realize that fiat money is no longer worth the same as when they could get 1 kg of rice, 1 kg of oil, vegetables and meat for $20.
Doge may be a memecoin but compared to other meme alts, doge has long been here in the market already. Though I used to use doge for transfer purposes in the early days, still, its popularity is much better than most alts. The transaction fees are quite expensive because of its price now but its longevity in this market make it more viable when it comes to holding long term. However, holders should still keep up with its developments.
Anyway, in time, they will understand more about crypto market and will know which projects are really worth their investments. It would take time for them to have such realizations. But no one can dictate or impose them about which project to choose as it is their prerogative to choose which investments will they put their money into. Let them learn their own ways in this market.
And guess what? these challenges were also made by these institutions that are backing Bitcoin now for knowing what's in store for it in the future. Some may wonder why they're doing this and that's because they want to purchase it while others are in fear to send the price down so they can avail more. There is no other logic with that because every time there's a challenge or some bad words, you guess it right. It's coming from these institutions that are silently accumulating and we're seeing them now, announcing the BTC holdings that they have.
No offense, but I think this is your personal opinion, you feel it is unfair or unhappy that a Meme coin ( no utility) is placed next to bitcoin if Doge ETF is approved.
Like bitcoin before, SEC also delayed it many times with the reason, it is not trustworthy, risky...but finally it was approved in 2024. Likewise, they are right to delay the Doge ETF and need more time, but contrary to you, I am optimistic about it getting passed. If you didn't know, the Doge ETP is approved in Europe and the ETP works just like an ETF. That's why I believe it's only a matter of time before the SEC approves it.
For me, I support everything positive for crypto because I am a crypto investor and not a bitcoin maximalist.
https://valour.com/en/newsroom/valour-launches-first-dogecoin-doge-etp-in-the-nordics-on-spotlight-stock-market
dude stick with that if you want.
meanwhile the second largest pow algo is scyrpt and there are close to 500 million usd in asics backing it.
doge has a perfectly decreasing inflation rate which can be predicted as long as electricity works for humanity.
ie btc will stop mining fresh blocks in 100 years while doge can easily work for 1000 years plus.
the answer is pow makes a coin interesting to the current USA 🇺🇸 government
There are no development on Doge, it's just like that, a meme coin that investors or speculators can used for whatever purposes they want to. As for the institutional giants getting into picture, it's very obvious that they want to take advantage of the market.
But if you will go back like in the last bull run, there are still a lot of doubts on Bitcoin and this institutions doesn't want to buy or purchase except for Saylor. But perhaps the pressure on their clients makes this institutional giants invest and now they are reaping their rewards.
If SEC approves DOGE etf, it's gonna ba crazy af. The more people think producing shittoken will give benefit because SEC treated shittoken the same as stock or other native utility token in the crypto. It's totally useless accepting DOGE ETF.
I hope they will consider to deny it instead of accepting it. Crypto market is enough for the shit token with no purpose at all.
Doge is meme, meme is a joke token, and joke token has no purpose on its creation, only pure joke.
Still up in the air, although there's a lot of ETF's being approved, chances are, with this kind of US government it might be approved. Although I would tend to agree that I also doesn't want for Doge to get approved, because it is just a meme coin and I did check it's repo:
https://github.com/dogecoin/dogecoin
And it doesn't have been updated for months or years.
Cool senior man. I remember that I read most of your thread saying that you are a doge miner. I respect that and I acknowledge your efforts. What I said above is my personal opinion which doesn't even have much backing, it could be erroneous or not.
In 100year BTC will stop mining fresh blocks, it's true but then BTC will still be in circulation and miners might the major influencers of the market.
In conclusion, the industry is wide enough to accommodate everyone. BTC ETF can co-exist with Doge ETF.
These big companies ending up with getting great amount of bitcoin because they are interest in bitcoin and have the money for it as well. Think about it, getting 500 million dollars worth bitcoin isn't a big thing about Blackrock and that seems to be the case.
If we can move further, then we will realize that 500 million for blackrock is literally nothing, they can lose that much, not drop or some, I mean lose all 500 today, and it would still not be a big deal for them at all. This is why we should not be really considering anything further, it should be simple case and we could make it happen. For that reason I am pretty sure we are going to make some money based on this, just invest when they invest and we should be doing fine.
You reason well, Dogecoin ks an entirely joke and shouldn't be given such leg up of having it own ETF just because Elon Musk is involved and now he have the support pf the current US president Donald Trump, making it possible for them to make such an attempt in the first place.
BTW I believe the right thing will be done when their finally come out from, their current reviews of that Dogecoin ETF thing, I also don't see a future in it.
We should not invest just because there are big companies involved in it. We need to analyze ourselves and decide whatever our purpose of investing is and which assets we will do it in. So far, bitcoin has proven to have good performance as an investment asset - small and large companies are showing interest, but we don't need to use them as a reason why we need to invest in bitcoin.
They invest for different purposes than most of us. I think big companies invest as a store of value or to protect their balance sheets - while most of us have purposes like retirement assets or maybe to pay for our kids' college education or whatever. Institutional involvement is a form of support for bitcoin - we should appreciate it, but not make it the basis for why we invest.
I am with you on this and to go further I cant honestly believe that the idea of a DOGE ETF was even
brought about.
I agree that we should not get interested in investments which big companies and investment
specialists get interested in, actually its not easy or even its impossible to buy shares in investments
without brokers anyway.
We already know about Bitcoin and in my book its the top investment there is, there isnt anything
else which I am interested in anyway.
I recon there are people and other companies though who are not already in Bitcoin and who will
follow the lead of other companies or the recommendation of their brokers to Bitcoin and this of
course increases the adoption.
When a big company dares to invest in bitcoin, it means that bitcoin is truly trustworthy as one of the investment assets that performs well. Regardless of the investment period, bitcoin almost always gives its holders a surprise and so far they have really gotten returns. When a big company has been involved in bitcoin investment, then I don't think someone who has $10k needs to doubt bitcoin as their investment asset.
Bitcoin has so far debunked the worst myths about it, that it is a ponzi scheme or something. Long term holders are actually getting returns, even new investors are getting their share. If someone still doubts bitcoin, then I don't know what else can convince them.
These institutional investors are laying foundation for digital finance.
Bitcoin is the future and they know it so they are getting more and more bitcoin in their bags.
I agreed that such number isn't significant for blackrock but it's a good omen that even these institutional investors are so bullish about bitcoin.
Just imagine the ripple effect it can cause in the future.
I hope Amazon now thinks of integrating bitcoin in its payments systems now that Bitcoin has surpassed Amazon
But seriously speaking, the spike was short lived and saw a big selling pressure driving the price down back to 107k USD. We have now reached a new all-time-high and I expect this one to be broken again very soon.
For now we can rejoice because some sellers will book profits here and exit, while the organic buying eventually catches up to consolidate this price.