Bitcoin Legal Tender In The US? Senate Candidate Wants This

It’s been just revealed that the mass adoption of Bitcoin and digital assets could rally hard in the near future. Check out what an important figure said about this recently.

JUST IN: “Making #Bitcoin legal tender in the USA will be my primary objective on the senate floor.” – U.S. Senate Candidate Bryan Solstin 🇺🇸

— Bitcoin Magazine (@BitcoinMagazine) March 15, 2022

Someone said: “Bitcoin and crypto has now become cool and politically correct, so many politicians are now using it as manifesto. Yoon Suk-yeol during his presidencial campaign spoke of crypto adoption, the current mayor of New York Eric Adams same thing and they both won. Bitcoin wins election.”

Another follower posted this: “That doesn’t make Bitcoin good neither does it any politician but exactly to the contrary showing Bitcoin for exactly what it is as just another power struggle by those who control majority stakes for favors, payoffs, bribes and endorsement for energy hogging of resources.”

In other recent news, the whales seem to be accumulating Bitcoin these days according to the latest reports. Check out the latest news on the moves that some important players in the crypto space are doing.

It’s been just revealed that an important crypto insights platform is revealing that an investor cohort with little to no history of spending their Bitcoin (BTC) is accumulating BTC to the tune of hundreds of millions of dollars per day.

Glassnode made sure to explain in a new newsletter that long-term holders (LTHs), or entities who are less likely to sell their BTC after holding their stacks for more than 155 days, are accumulating Bitcoin at a rapid rate.

The firm recently explained that the accumulation rate of long-term holders is exponentially higher than the amount of BTC mined per day.

“At present, the LTH market inflation rate is at -10.9%, which means LTHs are currently adding to their balance at 7.6x the rate of issuance.”

Glassnode’s lead on-chain analyst made sure to show the fact that the numbers to illustrate the depth of accumulation by long-term holders.