Market
Will U.S. Treasury issue further Bitcoin guidance in 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
The outcome will be determined based on official announcements from the U.S. Treasury
Story
U.S. Treasury Labels Bitcoin 'Digital Gold', CZ Predicts $1M Price Target
Dec 9, 2024, 05:34 PM
The U.S. Treasury has officially recognized Bitcoin as 'digital gold' in its latest report, highlighting its role as a store of value similar to traditional gold. This acknowledgment comes amidst growing interest in cryptocurrencies, with former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo also describing Bitcoin as 'digital gold' and an idea whose time has come. Additionally, Changpeng Zhao (CZ), the former CEO of Binance, has argued that Bitcoin's market capitalization should exceed that of gold, which currently stands at $16 trillion, suggesting a potential $1 million price target for Bitcoin.
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Similar markets
Proactive development • 25%
Neutral • 25%
Strong opposition • 25%
Supportive of exploration • 25%
Regulatory framework for cryptocurrencies • 25%
Other major policy • 25%
No major announcement • 25%
New tax policy on digital assets • 25%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
Other action • 25%
Acquire additional BTC • 25%
Sell more than 50% of holdings • 25%
Hold all current holdings • 25%
