Bitcoin consolidates above 100,000 dollars, carried by institutional and waiting for the outcome of “Bitcoin Act”.
In short
- A outcome for “Bitcoin Act” before the end of the year?
- Bitcoin ends the Géant Vanguard fund.
- Deutsche Bank sees bitcoin integrate the reserves of central banks before 2030
- Soon an QE to lower American borrowing rates?
Bitcoin in the American senatorial arena
The great bullish catalyst for this end of the year will be the “Clarity Act”, a bill offering a legislative framework favorable to Bitcoin.
This text will officially allocate Bitcoin supervision to the CFTC. As a result of which the financial centers recorded with the CFTC will be able to facilitate Bitcoin trading without fear of non-compliance. In other words, banks and other major pension funds will be able to access the Spot Bitcoin market more easily.
This will result in increased market depth coming to supplement the volumes already treated via the ETF. There is something to be optimistic when you know that ETFs have largely participated in the 140 % increase in Bitcoin since their launch.
In addition, let's not forget the “Bitcoin Act”. This is a separate bill, introduced in March 2025 by senator Cynthia Lummis to give body to the presidential decree establishing a Bitcoins strategic reserve. The law provides for the acquisition of one million bitcoins (~ 5 % of the total offer) over 5 years, or 200,000 BTC per year. The strategy is to sell part of the gold reserves to do this.
Chances are the two bills to be part of a legislative package. This is what emerged from a key meeting organized by Senator Cynthia Lummis on September 16 in the presence of Michael Saylor.
A final vote is expected by the end of the year, around mid-November. The President of the SEC is currently working with senators to accelerate things:
The Booster ETF
Speaking of ETF, note that they have attracted to date nearly 60 billion dollars since January 2024. Given the appreciation of Bitcoin (+140 % since its launch), the ETF of Blackrock has now weighs more than 86 billion dollars on its own.
The Bitcoin ETF are on the verge of overtaking those backed by gold which were nevertheless launched twenty years ago. Their success is such that Blackrock revealed that it has increased by 30 % the share of bitcoin in its famous fund Global Allocation Fund.
The big news in recent days has been the turnover of Vanguard ($ 10,000 billion in management) which will ultimately let its 50 million customers invest in Bitcoin.
As a reminder, Vanguard has chosen not to offer its customers the possibility of buying Bitcoin ETF (like the Ibit of BlackRock). In question, “The absence of underlying cash flow (such as dividends of shares or coupons of obligations)”.
As a result, Vanguard customers bought bitcoins in a diverted way, buying Strategy shares, a “Bitcoin Strategy Company”. Michael Saylor revealed that Vanguard was the first holder of Strategy shares with 10 % of the total.
This monumental error resulted in the departure of the CEO of Vanguard, replaced by Salim Ramji, the one who launched Etf Bitcoin Ibit de Blackrock…
Europe realizes that Bitcoin is a reserve currency
The lines also move on the old continent. The largest European bank has published a very telling title this week this week. “Bitcoin vs. Gold: The Future of Central Bank Reserves by 2030 ”.
This 18 -page report concluded “That there is room so that gold and bitcoin coexist within the reserves of central banks by 2030”. We highly recommend reading it. Here is a key passage to convince you:
In the end, bitcoin and gold will continue to coexist in the medium term, gold retaining its advance in official reserves and Bitcoin winning land for private savings. The crucial question is how long gold will maintain its status while countries are looking for alternative currencies to strengthen their reservations.
The US dollar remains the first currency in the reserves of central banks (57 %) [43 % si l’on inclut l’or]but signs indicate that some countries seek to diversify. For example, Chinese assets in US treasury bills have decreased by $ 57 billion to reach $ 759 billion in 2024.
In addition, while the legislation evolves favorably in the country which counts the most, Bitcoin seems on the way to reaching a massive adoption. By 2030, we predict that he will join gold in the official reserves of many central banks.
Deutsche Bank
It is inevitable. A technological breakthrough is irreversible. The timing is also perfect since the BRICS turn away from the dollar. American monetary hegemony slowly is coming to an end and the world will have to find a new reserve currency. Preferably stateless, existing in finished quantity and that no country can “freeze”.
The return of the ticket plank
Under presidential pressure, the American central bank finally started a drop in rates. Several drops are expected in the coming months.
A drop in rates encourages borrowing and investment and therefore expansion of the money supply. While an increase aims to contain inflation.
Donald Trump wants to loosen the monetary vice to reconstruct the American manufacturing power to reduce the trade deficit. Washington no longer has the choice now that the BRICS reduce their dollar reserves (treasury bills).
And as everyone knows, opening credit valves always has the effect of raising financial assets. Especially if central banks are returning to the quantitative EASING to force the rates to be desired.
This possibility has resurfaced since Donald Trump claims an aggressive drop in rates. The goal is to reduce the weight of the debt service, whatever the risk of inflationary.
According to Mizuho Bank, the appointment of the governor Stephen Miran strengthens the scenario of a new QE. Another sign: the Nigel Farage calls So that the Bank of England does the same. Knowing that his Reform UK party is leaving the surveys.
Nigel Farage has promised to add bitcoin to the reserves of the Bank of England if his party accesses power. Kevin Hassett, Donald Trump's favorite to replace Jérôme Powell at the head of the Fed, believes that Bitcoin “Will rewrite the rules of finance”.
For all these reasons, there is something to be optimistic for the end of the year. A new higher is guaranteed if the United States passes “Bitcoin Act”. Don't miss our article: Bitcoin: towards new heights by the end of the year.
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