
State pension funds are increasingly considering Bitcoin as a diversification strategy due to its potential to act as "digital gold" and a hedge against economic volatility.

Trump’s evolving stance could significantly impact U.S. cryptocurrency policy, potentially classifying Bitcoin as currency rather than a taxable asset.

The SFC plans to approve more digital asset exchanges by year's end, following a meticulous review process, to balance innovation with investor protection.

Beyond a financial asset, Bitcoin symbolises a movement towards financial autonomy and decentralisation, continuing to influence global innovations and empowering individuals worldwide.

Billionaire investor Chamath Palihapitiya forecasts that Bitcoin could surpass gold as the primary hedge against inflation in the global economy, potentially becoming the most crucial asset for wealth protection over the next 50 to 100 years.

Such a move could lead to a price surge due to Bitcoin's limited liquidity, creating a ripple effect within the cryptocurrency market.

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.