Bitcoin News: Apple, Tesla Doubling BTC Reserves as Bitcoin Price Rockets, Says Khurram Shroff

Bitcoin price recently soared to an all-time high of $106.5K. This Bitcoin news was a huge milestone for the 16+ year-old asset.

Starting October 10th, 2024, the surge continued to grow, skyrocketing Bitcoin’s price up by roughly 77% in the following 9 weeks.

This rise coincided with growing institutional interest in Bitcoin price as an asset, as the number of these wallets grew by 1,582, from 16,062 to 17,644.

Bitcoin News: Using Retail Mania and Smart DCA Strategy to Navigate Bull Market

While Bitcoin’s astronomical price has been grabbing headlines in Bitcoin news. On-Chain College points out that retail investor engagement in Bitcoin is low.

When analyzing Bitcoin’s young supply, which accounts for coins had their last activity within the past six months, we see that there has been subdued activity from newer investors.

Yet, young supply spikes closely correlate with retail mania-fueled price surges in the past.

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It also meant that if retail investors continue to enter the market more actively, Bitcoin at that stage may again see increased volatility and even higher price increases and may start another rally.

Axel Adler Jr.’s Smart DCA (Dollar-Cost Averaging) noted a systematic way of buying Bitcoin on dips.

The idea was buying Bitcoin when it was below the 1-week to 1-month realized price thus profitability.

This provides take advantage of Bitcoin’s growth while also having reduced exposure to the volatility with analyst supporting this move.

Khurram Shroff on Bitcoin’s Role in the Future

The orange pill reached the halls of power, and the global monetary landscape will never be the same. In an exclusive with The Coin Republic, Khurram Shroff, CEO of iMining Technologies Inc and a serial entrepreneur said some exciting things about Bitcoin price.

Noting more about Bitcoin as a Reserve Asset, he mentioned

“We’re not just talking about hedge funds anymore—nations are now eyeing Bitcoin as a reserve asset to stabilize their economies. It’s not just digital gold; it’s becoming digital sovereignty.”

He further stated that with giants like Apple and Tesla doubling down on their Bitcoin reserves, and Fortune 500 companies integrating Bitcoin into their financial ecosystems, the domino effect is unstoppable.

Shroff further asserted on BTC’s role as a global settlement layer noting that cross-border trade is being rewritten with Bitcoin replacing outdated systems like SWIFT. He believes that nations will soon negotiate treaties denominated in BTC, marking the rise of a truly global currency.

The effect of hyperbitcoinization in developing nations further puts Bitcoin price in a sweet spot as Bitcoin news cycle gets a boost. Shroff thinks that El Salvador was just the beginning. Africa, Southeast Asia, and Latin America are leading the way to a Bitcoin-first economy, leapfrogging the traditional banking system.

Furthermore, with lightning network adoption skyrocketing it enabled microtransactions and global remittance flows in real time. Shroff believes that we’re heading into a world where Bitcoin powers everything from coffee purchases to international trade. 

He further states that the role of Bitcoin as a security layer has also risen. From personal wealth protection to national digital identity systems, Bitcoin is evolving into the ultimate security layer—transparent, incorruptible, and resilient.

In fact, the environmental renaissance has finally slowed down too. Shroff notes that Bitcoin mining has shifted to 80% renewable energy. The narrative has flipped, and Bitcoin is now driving the green energy revolution, incentivizing sustainable innovation.

Eric Trump Swears by Bitcoin Adoption

There’s a cultural shift as the world is moving from debt-based systems to value-based economies. Shroff highlights that Bitcoin isn’t just financial freedom. He believes Bitcoin is the philosophical underpinning of a freer, decentralized society.

Khurram Shroff noted that Bitcoin is no longer just an alternative—it’s becoming the foundation. $106k for Bitcoin price is just a number. The real story is how Bitcoin is changing the rules of the game for everyone, which isn’t really being covered as part of Bitcoin news cycle.

Furthermore, support from Donald Trump for the digital asset amid recent developments has sparked more optimism. Eric Trump while attending the recent conferences in Abu Dhabi also touted Bitcoin adoption for the United States. All this could keep up the Bitcoin price amid retail euphoria.