CoinDesk Podcast Network Bitcoin Returns Above $100K as Trump Announces U.S.-U.K. Trade Deal | COINDESK DAILY
May 8, 2025
Bitcoin has surged back over $100,000, sparked by a trade deal announcement between the U.S. and U.K. Exciting developments also include Arizona passing a crypto reserve bill, paving the way for more states to embrace digital currencies. Additionally, there's talk about potential U.S.-China negotiations on trade and the upcoming Consensus 2025 conference. The dynamics of the crypto industry are evolving rapidly, creating a thrilling landscape for investors and enthusiasts alike.
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Bitcoin Soars on Trade Optimism
- Bitcoin surged above $100,000 following U.S.-U.K. trade deal news and optimism from upcoming U.S.-China trade talks.
- Predictions suggest Bitcoin could reach $250,000 by end of year and $1 million by 2028 due to macroeconomic liquidity shifts.
Skepticism on US-China Trade Deal
- US-China trade talks may result in symbolic deals without substantive changes.
- Liquidity from US Treasury policies could drive Bitcoin's dramatic price increases.
Arizona's Bitcoin Reserve Bill
- Arizona passed a Bitcoin reserve bill allowing ownership of abandoned coins after three years.
- The state aims to generate revenue from staking rewards and airdrops without using taxpayer funds.