No Loss Prize Savings Protocol.
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@zzk According to Cointelegraph, cryptocurrency research firm CoinShares stated in a blog post on January 10th that establishing a reserve bank in the United States will accelerate the adoption of Bitcoin, even faster than the launch of exchange traded funds (ETFs) in 2024. In 2024, US lawmakers proposed the Bitcoin Act, which would instruct the US Treasury Department to purchase 1 million BTC within 5 years to establish a 'strategic Bitcoin reserve'. President elect Donald Trump approved the plan, but it has not yet been passed into law. CoinShares stated, "We believe that the enactment of the US Bitcoin Act will have a more profound long-term impact on Bitcoin than the launch of ETFs." CoinShares stated that "multiple interactions with institutional clients" indicate that Bitcoin's "reputation" as an asset class remains a major obstacle for institutions to adopt BTC. @pooltogether