News
Bitcoin firms push toward global currency shift as govts signal support
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2025/01/bitcoin-1000x595.jpg&description=Bitcoin firms push toward global currency shift as govts signal support', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2025/01/bitcoin-1000x595.jpg&description=Bitcoin firms push toward global currency shift as govts signal support', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
By Francesca Hangeior
Bitcoin-focused investment firms are stepping into the spotlight as key players in a growing global movement toward the widespread adoption of cryptocurrency as a reserve asset.
Industry leaders and market analysts suggest that this shift—commonly referred to as “hyperbitcoinization”—could eventually displace traditional fiat currencies and redefine global financial systems.
Adam Back, CEO of Blockstream and the inventor of Hashcash, believes that firms holding Bitcoin in their treasuries are strategically positioning themselves ahead of this potential transformation. “
Companies like Strategy are taking advantage of the gap between Bitcoin’s future potential and the current state of fiat money,” Back said.
He described the practice as a “logical and sustainable arbitrage” scalable enough to support large corporations transitioning their treasuries to Bitcoin.
One of the frontrunners in this strategy is Strategy, whose Bitcoin holdings have already generated over $5.1 billion in profit since the beginning of 2025, according to co-founder Michael Saylor.
The firm’s bullish stance on Bitcoin has been instrumental in legitimizing corporate treasury allocations into digital assets.
Across the globe, Asia is also seeing a surge in institutional Bitcoin adoption. Metaplanet, often referred to as “Asia’s MicroStrategy,” recently surpassed 5,000 BTC in holdings and aims to acquire 21,000 BTC by 2026.
These moves illustrate the expanding geographical spread of institutional confidence in Bitcoin’s long-term viability.
At the regulatory level, the climate in the United States is becoming more favorable. The Federal Reserve recently reversed its 2022 guidance that had discouraged banks from engaging with cryptocurrencies. Michael Saylor welcomed the development, stating that U.S. banks “can now begin openly supporting Bitcoin without regulatory concerns.”
In an even more significant move, President Donald Trump signed an executive order to create a national Bitcoin reserve using BTC seized in criminal investigations. The initiative marks a historic moment in the relationship between government and cryptocurrency, signaling a new era of state-backed digital asset reserves.
Bitcoin’s price growth is also outpacing inflation rates, bolstering the argument for its superiority over fiat currencies.
“Bitcoin’s price has been growing faster than traditional fiat currencies over four-year periods,” Back noted, emphasizing Bitcoin’s fixed supply and inflation resistance as core attributes driving its adoption.
As investment firms, multinational corporations, and now governments increasingly turn to Bitcoin, momentum is building for a future where Bitcoin could serve as a dominant global reserve currency.
With market experts projecting Bitcoin’s market cap could one day exceed $200 trillion, the financial world may be on the cusp of a historic transformation.
President Bola Tinubu has urged religious and spiritual leaders to speak out against terrorism, kidnapping, banditry and the misuse of religion to justify violence.
The president gave the advice on Sunday in Kano at the Grand Maulud of Sheikh Ahmad Al-Tijani.
Represented by the Secretary to the Government of the Federation, SGF, George Akume, President Tinubu noted that religious leaders had a crucial role to play in confronting violence, extremism and the manipulation of faith for destructive purposes.
He charged religious institutions and networks to strengthen advocacy for peace education, religious literacy, scholarship and the moral development of young people.
The president added that religious leaders should also use their influence to promote justice, responsibility, compassion and the peaceful resolution of grievances.
Ibn Mohammed bin Shakau, the biological son of the late Boko Haram leader, Abubakar Shekau, has reportedly emerged within the ranks of the Boko Haram insurgent group
A counter-terrorism expert, Zagazola Makama, made this known in a post on X.
Makama noted that the development has raised fresh concerns over the possible continuation of the ideology and networks associated with his father, Shekau.
According to Zagazola, Ibn Mohammed is reportedly following the path of his father, who was one of the most notorious figures in Nigeria’s insurgency in the North-East.
Shekau became the leader of Boko Haram after the death of the group’s founder, Mohammed Yusuf, and presided over some of the most violent periods of the insurgency.
Under his leadership, Boko Haram carried out attacks against communities, security personnel, government institutions and other civilian targets across the North-East and neighbouring countries.
Shekau was also known for his uncompromising leadership style and his use of propaganda videos to threaten governments and announce attacks.
“His death in 2021, following a confrontation with fighters of the Islamic State West Africa Province, ISWAP, significantly altered the dynamics of the insurgency in the Lake Chad region,” Zagazola noted.
The United Kingdom has hailed the economic reforms introduced by President Bola Tinubu’s administration, saying the measures are beginning to deliver visible results despite the challenges associated with their implementation.
Speaking at the 4th UK–Nigeria Security and Defence Partnership (SDP4) dialogue in Abuja, UK National Security Adviser Jonathan Powell described Nigeria’s economic progress as a success story that demonstrates the value of difficult but necessary policy decisions.
Powell said the reforms are contributing to economic recovery and growth, adding that Nigeria’s influence on the African continent continues to expand. He described the country as an African superpower and reaffirmed the UK’s commitment to strengthening its partnership with Nigeria.
According to him, Nigeria remains the United Kingdom’s most important partner in Africa and plays a crucial role in promoting regional stability and addressing security challenges across the continent.
Also speaking at the event, National Security Adviser Nuhu Ribadu stressed the Federal Government’s commitment to democratic governance, human rights and the rule of law in tackling insecurity.
Ribadu warned that emerging thre@ts such as cybercr+me, artificial intelligence misuse and illicit financial networks are reshaping the global security environment. He called for deeper international cooperation, improved intelligence-sharing and greater investment in technology to address these challenges.
He also welcomed the UK’s support in cybersecurity and information resilience, noting that collaboration between both countries has expanded significantly since the launch of the UK–Nigeria Security and Defence Partnership in 2022.
According to Ribadu, the partnership has strengthened cooperation in areas including counterterr%rism, cybersecurity, maritime security, crisis response and intelligence sharing, while improving Nigeria’s institutional and operational capabilities.
Tinubu Urges Religious Leaders to Speak against Terrorism, Kidnapping
Concerns As Shekau’s Son Reportedly Emerges In Boko Haram Ranks
UK hails Tinubu’s Economic Reforms, Calls Nigeria an African Superpower
-
Metro24 hours agoNsukka Activist Beaten, Detained By The Police After Raising Alarm Over Bad Roads
-
News24 hours agoPeter Dunia, Chimamanda Adichie Emerge LEEX 2026 Man, Woman of the Year
-
Opinion24 hours agoHOW RELEVANT IS B.P.P TO TINUBU’S “RENEWED HOPE AGENDA”?
-
News24 hours agoNigeria Risks Losing Out On Fresh $1.4bn US Aid Over ‘Christian Persecution’
-
News5 hours agoWe’re aware of your coded meetings with Lulu-Briggs, 𝐏𝐢𝐝𝐨𝐦𝐬𝐨𝐧, CRP uncovers ex-MD of NDDC, Nunieh
-
News24 hours agoSenator Ede Dafinone Celebrates Ighoyota Amori at 74, Hails His Contributions to Delta Politics
-
Sports24 hours agoPolice Report Reveals Threats On Lionel Messi, Ronaldo Lives
-
Foreign24 hours agoFormer US President Joe Biden’s Prostate Cancer Spread To Other Parts Of His Body
Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login