The Texas Senate will host a public hearing on February 18 to discuss the establishment of a Bitcoin reserve. This initiative could enhance Bitcoin’s institutional legitimacy.
Analysts, including Iliya Kalchev from Nexo, believe that unless a concrete investment plan is announced, the hearing may have a minor market impact.
Bitcoin’s current price struggles below 100,000 USD are affected by ongoing geopolitical tensions and the Federal Reserve’s monetary policy.
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