Last week brought new records. Bitcoin gained only 2%, but that was enough to set a new all-time high (ATH) of $106,727.8. Ethereum once again reached the $4,000 mark but failed to hold, experiencing a slight correction. It’s still 23% away from its 2021 highs. Will the leading altcoin manage to update its ATH this year?

Now, let’s break it all down:

Satoshi climbs to 16th place among the world’s richest. Bitcoin hit $106k, making Satoshi Nakamoto, who owns 1 million BTC, officially one of the top 20 richest individuals in the world, surpassing some oil magnates. Imagine: someone nobody has ever seen is wealthier than entire countries.

While Satoshi gets richer, Michael Saylor keeps surprising. Michael Saylor’s company, MicroStrategy, bought 21,550 BTC for $2.1 billion at an average price of $98,763 per coin. Saylor now seems less like an investor and more like a walking advertisement for Bitcoin. Maybe he’s planning to launch a merch with the slogan, “Wake me up when BTC hits $1,000,000”?

Meanwhile, Microsoft shareholders play it safe. Microsoft’s shareholders voted against investing in Bitcoin. This feels reminiscent of Nokia’s decision years ago not to adopt Android—everyone knows how that ended. Perhaps Microsoft should reconsider before it’s too late?

The US is witnessing something incredible. Texas has officially filed an application to create its own strategic BTC reserve. This move could mark the beginning of a new era, where states compete for influence through crypto assets.

Right behind Texas, 11 other US states are discussing bills to recognize BTC as a strategic asset. Who knows? Maybe Bitcoin will one day become as standard a reserve asset as gold.

And what about El Salvador? The country, already a “pioneer of the crypto economy,” is preparing changes to its Bitcoin regulations to secure a $1.3 billion loan from the IMF. Is El Salvador starting to “bend” to IMF demands, which essentially call for Bitcoin’s removal from the country’s economy?

China eases monetary policy for the first time in 14 years. Is the economy overheating, or is this the first step toward crypto liberalization?

Elon Musk makes history as the first person worth over $400 billion. But where’s Bitcoin in your portfolio, Elon?

Upcoming major token unlocks:

ARB: $90.16m (2.2%)
MRS: $50.50m (9.7%)
ID: $39.12m (17.9%)
APE: $23.87m (2.2%)
QAI: $22.22m (5.1%)
ADA: $19.55m (0.1%)

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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