Strive&#8217;s Bitcoin acquisition signals a strategic shift in corporate treasury 
management, potentially influencing broader market dynamics and investor 
strategies.
The post Vivek Ramaswamy&#8217;s Strive overtakes Tesla in Bitcoin holdings 
following new purchase appeared first on Crypto Briefing.

Vivek Ramaswamy’s Strive overtakes Tesla in Bitcoin holdings following new purchase

SlowMist introduced a layered security framework for Web3 AI agents as 
autonomous tools handle more onchain actions and digital assets.

SlowMist introduces Web3 security stack for autonomous AI agents

Central banks aren&#8217;t buying it. Billionaire investor Ray Dalio doesn&#8217;t trust 
it as a safe haven. And Bitcoin is trading 44% below its October peak while 
gold sits near all-time highs. Related Reading: Bitcoin Crosses 20 Million 
Coins Mined — And Only 1 In 20 Remains That&#8217;s the backdrop against which 
Bitwise Asset Management&#8217;s chief investment officer is making the case that 
Bitcoin could still reach $1 million a coin within a decade. A Different Way 
To Run The Numbers Most people who shoot down the $1 million forecast do so by 
pointing out what it would take for Bitcoin to swallow up half of gold&#8217;s 
current market value. Matt Hougan says that&#8217;s the wrong calculation. According 
to Hougan, the error is treating gold&#8217;s market cap as a fixed number rather 
than a moving one. Gold has grown at roughly 13% annually since 2004, climbing 
from $2.5 trillion to around $38 trillion — driven by rising government debt 
concerns, geopolitical tension, and loose monetary policy. Hougan projects 
that if gold&#8217;s trajectory holds, the broader store-of-value market will reach 
around $121 trillion within 10 years. At that scale, Bitcoin would only need 
to capture 17% of the total — about one-sixth — to be worth $1 million per 
coin. That&#8217;s a notably different ask than the 50% figure critics typically 
cite. Hougan also pointed to institutional investment as a driver. Exchange- 
traded funds, sovereign wealth funds, and growing portfolio allocations are 
all being cited as forces that could push Bitcoin&#8217;s market share higher over 
the next decade. &#8220;There are still miles to go,&#8221; he wrote in a blog post, &#8220;but 
capturing a sixth of the store-of-value market in 10 years doesn&#8217;t seem 
extreme.&#8221; The Gap Between Thesis And Charts The argument rests on Bitcoin 
behaving more like gold over time. Right now, it isn&#8217;t. Gold struck a record 
high above $5,327 per ounce in late January and remains within 2.2% of that 
level. Bitcoin, by contrast, has been sliding. It&#8217;s down sharply from its 
highs, even as the macroeconomic conditions — debt concerns, inflation 
uncertainty, geopolitical friction — that typically lift gold have remained 
very much in play. Research out of NYDIG addressed this gap directly in early 
March. Bitcoin does not appear to be getting priced as a macro hedge, a 
sovereign risk hedge, or an inflation trade, according to the firm&#8217;s global 
head of research. That disconnect explains the frustration around Bitcoin&#8217;s 
failure to track gold despite the &#8220;digital gold&#8221; label that has followed it 
for years, NYDIG said. Dalio&#8217;s Pushback Dalio added his voice to the skeptics&#8217; 
side earlier this month, arguing that gold remains a far stronger long-term 
store of value. His reasoning: central banks are buying gold, not Bitcoin. And 
Bitcoin, he said, trades less like a commodity hedge and more like a tech 
stock — something that follows risk appetite rather than countering it. 
Related Reading: Bitcoin ETFs Break 5-Month Streak With 2nd Consecutive Week 
Of Inflows Bitcoin &amp; Iran-US War Bitcoin&#8217;s recent price action tells the story 
plainly. A US-Israeli military strike on Iran in late February triggered over 
$300 million in crypto liquidations, pushing Bitcoin lower before a partial 
recovery followed signals that the conflict could be winding down. It moved 
with risk appetite, not against it — which is exactly the behavior Dalio and 
others point to when they argue Bitcoin still has a long way to go before it 
earns the gold comparison. Featured image from Unsplash, chart from 
TradingView

Bitcoin Down 44% From Its Peak, But Bitwise Still Sees A Path To $1 Million

Investigators say the GainBitcoin case involves about 8,000 investors and 
losses estimated at roughly 6,606 crore rupees ($790 million).

India arrests Darwin Labs co-founder in GainBitcoin scam probe

Aave price is trading near $111 as traders react to a $27 million liquidation 
error that briefly shook confidence in the lending protocol. Aave (AAVE) 
slipped on Wednesday as traders reacted to a recent liquidation incident on 
the protocol. At…

Cryptocurrency price in UAH