FOMC Meeting This Week: Institutions Embrace Bitcoin Ahead of Jerome Powell's Remarks
This week, institutional players are making significant investments in Bitcoin, with Semler Scientific leading the charge just before the Federal Reserve's meeting.
With the FOMC meeting approaching this week, analysts from 99Bitcoins speculate that the Federal Reserve is likely to remain inactive, postponing major decisions until June. Meanwhile, companies like Semler Scientific are seizing this moment to heavily invest in Bitcoin, having acquired 167 BTC recently, which brings their total holdings to 3,634 BTC, valued at over $340 million. This represents a notable shift in how corporations manage their treasury assets.
FOMC Meeting This Week: Semler Scientific Leads Way on BTC Corporate Treasuries
While Bitcoin’s price remains around $94,000, institutional interest is on the rise as Semler Scientific publicly voiced its commitment to Bitcoin’s future. According to their CEO, “If we lose money on Bitcoin, it won’t force us to sell; the decision on our investment remains ours.”
BREAKING: SEMLER SCIENTIFIC JUST BOUGHT 160 MORE #BITCOIN, PASSING 3,600 BTC IN TOTAL
BTC TREASURIES GOING PARABOLIC 馃殌 Link to Tweet
Despite market fluctuations as we approach the FOMC meeting on May 7, this buying spree aligns with broader trends of corporations turning to crypto in unpredictable market conditions.
Preparing for A Market Crash
The recent upward momentum in Bitcoin has been driven by institutional demand and a substantial influx into ETFs, totaling nearly $1.8 billion last week. Glassnode reports indicate an 8% increase in active wallets, coupled with a 15% rise in large transactions鈥攈allmarks of major players positioning for forthcoming market developments.
Key Takeaways
- Analysts predict the Fed will remain inactive during this week鈥檚 meeting.
- Semler Scientific continues to aggressively accumulate Bitcoin amid anticipated market corrections.
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