The United States is Becoming the Epicenter of the Cryptocurrency Ecosystem

Recent developments have shown that this country's interest in crypto assets is rapidly increasing. States, companies, and even the traditional financial world are changing their approach to Bitcoin (BTC).

The United States is quickly becoming the center of the cryptocurrency world. Recent events show that interest in cryptocurrencies is growing rapidly in the country. States, companies, and even the traditional financial world are changing their approach to Bitcoin (BTC).

For example, the Michigan Pension Fund recently purchased a large amount of Bitcoin ETF. At the same time, a company called OneMedNet announced that it had purchased $1.8 million in BTC. Here are the details…

Michigan State Fund Invested $6.6 Million in Bitcoin ETF

The Michigan State Pension Fund’s $6.6 million Bitcoin ETF investment is one of the most striking examples of this trend. This move, pioneered by Wisconsin, shows that states are inclined to include crypto assets in their portfolios. The fact that Jersey City also has similar plans shows that this trend is spreading over a wide geography. Wisconsin’s previous investment of $160 million in Bitcoin ETF also supports this trend.

Interest in BTC is increasing not only between states, but also between cities. Jersey City recently announced plans to include Bitcoin ETFs in its retirement funds. These developments show that the integration of cryptocurrencies into the traditional financial world is accelerating. In short, interest in Bitcoin and cryptocurrencies is rapidly increasing in America. States, companies and investors want to be a part of this new financial world. However, it is of great importance to take careful steps in this process and understand the dynamic structure of the market.

OneMedNet Also Purchased BTC

On the other hand, OneMedNet, a publicly traded company, announced that it made a significant investment of $ 1.8 million in BTC. The company’s stock price jumped by 22% on this news. As we reported at Kriptokoin.com, this situation shows that companies following MicroStrategy’s path tend to add Bitcoin to their balance sheets. The depreciation of the dollar supports this trend, as companies see Bitcoin as a protective shield against inflation.

Another company, Semler Scientific, went even further and purchased approximately 828 Bitcoins for exactly $ 57 million. This means the company is investing 90% of its cash reserves in Bitcoin, a huge sign of determination. The company’s stock price also reacted positively, rising 4% on Friday.

Bitcoin ETFs are experiencing strong inflows, especially from BlackRock-backed funds. Last Friday, there was a total inflow of $51.8 million, with Bitwise leading the way. This high demand, along with the strong rise in the Bitcoin price above $68,000, suggests that the cryptocurrency will continue to grow.

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