
There is optimism that institutionalisation and regulatory backing will align Bitcoin with Satoshi Nakamoto’s vision as a "P2P Electronic Cash" system by the 2030s.

De-dollarization is not only a bid for financial independence but also a strategic move towards alternative financial systems.

Analysts predict that this increase in liquidity could push Bitcoin closer to a breakout, potentially reaching new all-time highs.

The phased implementation schedule begins with stablecoin regulations effective from 30 June 2024, with full regulations operational by 30 December 2024.

The proposal remains uncertain pending the 2025 financial bill's approval, leaving investors facing an unpredictable regulatory environment.

The system would require miners to pay taxes when mined cryptocurrencies enter their wallets and impose additional taxes on any unrealised gains when these assets are sold or transferred, while allowing deductions for losses.

Despite facing opposition from the IMF, citing concerns over Bitcoin's volatility and lack of regulation, El Salvador continues to increase its Bitcoin holdings, demonstrating confidence in the cryptocurrency's long-term potential.

Cryptocurrency users face increasing threats from online scams as digital assets grow in popularity.

Key concerns include potential risks to financial stability, such as bank runs, and the hastening decline of cash usage.

Bitcoin's technical indicators signal a bullish breakout, with potential to retest or exceed previous highs.