From Nasdaq Corporation

May 16, 2025 5:15:00 AM:

Bitcoin’s price surpassed $100,000, indicating a potential new price floor. Governments like the US, Japan, and Latvia are considering forming Bitcoin reserves. Cities, including Panama City and Hong Kong, are also looking to hold Bitcoin on their balance sheets. Bitcoin treasury companies, like NASDAQ-listed MicroStrategy, are emerging, further reducing available coins and driving prices higher.

With more entities holding Bitcoin, prices are expected to rise as demand increases. Despite the current high price, the trend towards institutional adoption and government reserves suggest a potential long-term floor for Bitcoin’s value. Investors are keeping a close eye on these developments as they may impact future investment decisions.

Read more at Nasdaq: 3 More Bullish Signs for Bitcoin Staying Above $100,000