The world of cryptocurrencies is entering a new phase — the phase of Bitcoin institutionalization. While some still debate volatility and speculation, governments and major financial players are betting on BTC as a strategic reserve asset. Several major news stories in recent days are shaping a unified trend: Bitcoin is becoming part of the global financial infrastructure.
Arizona Bets on BTC
The Arizona House of Representatives has approved two key bills — SB 1025 and SB 1373, which would establish an official state Bitcoin reserve. The initiative allows up to 10% of state funds to be invested in digital assets.
The bills are now awaiting the governor’s signature. If signed into law, Arizona will become the first U.S. state to officially allocate part of its budget to BTC. This could set a precedent for other jurisdictions, especially amid rising inflation and growing concerns about the future liquidity of the U.S. dollar.
$210M in BTC: Brazil’s Biggest Bank Makes a Move
Meanwhile, news has also arrived from Latin America. One of Brazil’s largest banks — Itaú Unibanco — has announced plans to purchase $210 million worth of Bitcoin for its reserves. This marks the largest such acquisition in the region’s history and sends a strong signal that even traditional banks are moving towards capital preservation in digital gold.
Itaú had previously launched crypto custody and trading services for clients, but this initiative reflects a shift in focus from service to strategy.
Next BTC Peak: $155,400?
Amid these institutional moves in favor of BTC, more optimistic forecasts are emerging. According to the Pi Cycle Top indicator, Bitcoin could reach $155,400, provided its price remains above $91,400.
Historically, this indicator has accurately signaled local bull cycle peaks. Currently, technical signals suggest the possible formation of a double top — as seen in 2021.
It’s worth noting that after a recent 32% correction, BTC has managed to hold a key support level. This reinforces confidence among major investors.
Whales and BlackRock Keep Buying
Analysts have observed a resurgence in BTC purchases by large wallets (so-called “whales”). Particularly noteworthy is the behavior of institutional funds like BlackRock, whose investment vehicles continue accumulating Bitcoin despite short-term volatility.
These actions support the notion that Bitcoin is no longer just a speculative asset, but a tool for strategic positioning amid geopolitical and financial uncertainty.
Indicators and Upcoming Events: The Puzzle Comes Together
The crypto market could receive a further boost in the near future. Key factors include:
– The May 7 Federal Reserve meeting, where a more dovish tone on interest rates may be announced. This would weaken the dollar and boost interest in alternative assets.
– The Total 3 indicator, which tracks altcoin market cap excluding BTC and ETH, shows signs of a potential altseason.
– The S&P 500 index is also signaling readiness to reverse into an uptrend — traditionally a positive sign for the crypto market.
Bitcoin Yield Fund by Coinbase
The final chord comes from the largest U.S. crypto exchange. Coinbase has announced the launch of its Bitcoin Yield Fund — an investment product offering returns in BTC. This unique fund targets institutions looking not only to hold Bitcoin, but also to earn yield on their reserves.
The world is slowly but surely moving toward recognizing Bitcoin as a key asset of the 21st century. The decisions of regulators, bankers, and major investors make it clear: a new financial era is beginning right now. And Bitcoin is its foundation.
