Bitcoin
JP Morgan Signals Bright Future for Bitcoin: U.S. States’ Strategic Reserves Could Drive Sustained Growth

In a groundbreaking report, JP Morgan analysts have spotlighted a transformative trend for Bitcoin (#BTC), predicting that the cryptocurrency could see a “more sustained positive catalyst” as U.S. states increasingly adopt it for their strategic reserves. This development, combined with robust corporate buying, positions Bitcoin to potentially outperform traditional assets like gold in the second half of 2025. Here’s why this shift could be a game-changer for the crypto market.
U.S. States Embrace Bitcoin as a Reserve Asset
The idea of Bitcoin as a strategic reserve asset is gaining traction across the United States. According to JP Morgan’s latest analysis, led by managing director Nikolaos Panigirtzoglou, states like New Hampshire and Arizona are paving the way. New Hampshire now permits up to 5% of its reserves to be held in Bitcoin, while Arizona has launched its own Bitcoin reserve, committing to fund it without raising taxes. These moves signal a growing acceptance of Bitcoin as a legitimate financial instrument at the state level.
JP Morgan’s report highlights that as more states consider adding Bitcoin to their reserves, the trend could create a ripple effect, driving demand and stabilizing its value over time. “As the list grows, with other U.S. states potentially considering adding Bitcoin to their strategic reserves, this could turn out to be a more sustained positive catalyst for Bitcoin,” the analysts noted. This isn’t just a fleeting trend—posts on X reflect a similar sentiment, with users noting that the “dominos are falling” as states warm up to Bitcoin, potentially triggering a broader wave of adoption.
Corporate Buying Fuels Bitcoin’s Momentum
Beyond state-level adoption, corporate interest is another key driver of Bitcoin’s bullish outlook. Companies like Strategy (formerly MicroStrategy) and Metaplanet are doubling down on their Bitcoin holdings. Strategy aims to raise $84 billion for Bitcoin purchases by 2027, already achieving 32% of that goal. Meanwhile, Metaplanet reported a stellar Q1 FY2025, with its Bitcoin holdings surging to 6,796 BTC—a 3.9x increase year-to-date, adding over 5,000 BTC in 2025 alone. Despite a temporary ¥7.4 billion valuation loss in March, the company rebounded with ¥13.5 billion in unrealized gains as of May 12.
This corporate accumulation underscores Bitcoin’s growing appeal as a hedge against inflation and currency devaluation. JP Morgan analysts argue that these crypto-specific catalysts, combined with state-level support, are shifting capital flows away from gold and into Bitcoin. Since mid-April, gold has dropped nearly 8%, while Bitcoin has gained 18%, climbing past $104,500 this week—within 5% of its all-time high.
Bitcoin Outpacing Gold: A Zero-Sum Game
The JP Morgan report describes the current dynamic between Bitcoin and gold as a “zero-sum game,” where gains in one asset come at the expense of the other. Gold, which hit a 52-week peak of $3,509.9 per ounce on April 22, has since pulled back to $3,217, while Bitcoin’s market cap now stands at $2.06 trillion, with daily trading volume at $51.01 billion. The analysts attribute this shift to investor flows moving out of gold ETFs and into Bitcoin, a trend also reflected in futures data showing decreasing gold positions and increasing Bitcoin positions.
Bitcoin’s appeal as a “digital gold” is resonating with both institutional and state actors. Unlike gold, Bitcoin’s fixed supply of 21 million coins and its decentralized nature make it an attractive alternative in a world grappling with economic uncertainty. The analysts also point to the maturing crypto derivatives market—highlighted by recent acquisitions like Coinbase buying Deribit and Kraken acquiring NinjaTrader—as a sign of growing institutional confidence, which could further bolster Bitcoin’s upward trajectory.
Challenges and Skepticism Remain
Despite the optimism, not everyone is convinced of Bitcoin’s role as a reserve asset. Some U.S. states, like Florida, have halted efforts to create Bitcoin reserves due to concerns over its volatility. Globally, central banks such as the Swiss National Bank and the European Central Bank have rejected the idea, citing Bitcoin’s speculative nature and lack of alignment with long-term investment strategies. Critics also worry about the potential for politically motivated market distortions if governments begin stockpiling Bitcoin, drawing parallels to how the Strategic Petroleum Reserve influences oil markets.
Additionally, while the Trump administration has pushed for a Strategic Bitcoin Reserve at the federal level, skepticism persists about congressional approval and the feasibility of including smaller, riskier tokens beyond Bitcoin and Ethereum. These challenges highlight the need for careful regulatory frameworks to ensure Bitcoin’s integration into financial systems doesn’t destabilize markets.
The Road Ahead for Bitcoin
JP Morgan’s forecast paints a compelling picture: Bitcoin is poised for significant growth in the latter half of 2025, driven by state-level adoption and corporate investment. If more U.S. states follow New Hampshire and Arizona’s lead, the resulting demand could create a supply shock, further boosting Bitcoin’s price. Analysts on X echo this sentiment, with some calling the trend a “real institutional shift” that could solidify Bitcoin’s place in mainstream finance.
For investors, this signals a critical moment. Bitcoin’s current price of $104,000 reflects a 23% recovery this month and a year-to-date gain of nearly 60%. However, its volatility remains a concern, and potential investors should approach with caution. Strategies like dollar-cost averaging and secure storage solutions (e.g., hardware wallets) can help mitigate risks while capitalizing on Bitcoin’s long-term potential.
The dominos may indeed be falling, as JP Morgan suggests. With U.S. states and corporations leading the charge, Bitcoin could be on the cusp of a new era—one where it not only outshines gold but also cements its role as a strategic asset in the global financial landscape.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Bitcoin
BTC Prague 2025: Europe’s Premier Bitcoin-Only Conference Returns to Shape the Future of Finance

From June 19–21, 2025, Prague, Czech Republic, will once again become the epicenter of the Bitcoin revolution as BTC Prague, Europe’s largest and most influential Bitcoin-only conference, returns for its third year. Hosted at the expansive PVA Expo Praha, this three-day event is set to bring together over 10,000 attendees, 220+ speakers, and 90+ companies, all united by a shared passion for Bitcoin’s transformative potential. With a focus on financial sovereignty, technological innovation, and community building, BTC Prague 2025 promises to be a landmark event for Bitcoin enthusiasts, developers, investors, and newcomers alike.
A Bitcoin-Only Beacon in Europe
BTC Prague stands out for its unwavering commitment to a “Bitcoin-only” ethos, ensuring a high signal-to-noise ratio that prioritizes meaningful discussions over hype. As the organizers emphasize, this is not just a conference but a movement to “build bridges and strengthen connections within the European Bitcoin space and beyond.” Held in a city with a rich history of fighting for freedom, Prague is a fitting backdrop for an event that champions Bitcoin’s apolitical, incorruptible, and open nature. The conference aims to deepen understanding, expand networks, and empower attendees to shape the future of Bitcoin.
Star-Studded Lineup of Speakers
BTC Prague 2025 boasts an impressive roster of over 220 speakers, including some of the most prominent voices in the Bitcoin ecosystem. Notable names include:
- Michael Saylor, a leading Bitcoin advocate and the largest corporate hodler through MicroStrategy, who will share insights on Bitcoin as a corporate treasury asset. Saylor’s first-ever European Bitcoin conference appearance in 2023 was a highlight, and his return is highly anticipated.
- Adam Back, CEO of Blockstream, a key figure in Bitcoin’s technical development, who will dive into the protocol’s resilience and innovation.
- Saifedean Ammous, author of The Bitcoin Standard, offering economic perspectives on Bitcoin’s role in a world of inflation and institutional decay.
- Eric Semler, founder of Semler Scientific, who transformed his company’s balance sheet with a Bitcoin-forward strategy, sharing actionable insights for corporate adoption.
- Paolo Ardoino, a cryptography expert and leader in Bitcoin-related tech innovation, discussing advancements in financial freedom.
These speakers, alongside developers, miners, educators, and entrepreneurs, will cover topics ranging from Bitcoin’s open-source foundation to its integration into traditional finance, geopolitical game theory, and corporate strategies. Panels like “Financial Engineering with Bitcoin Standard” and “Bitcoin for Organizations” will provide practical blueprints for individuals and institutions looking to leverage Bitcoin’s potential.
A Comprehensive Program for All
BTC Prague 2025 offers a dynamic program designed to cater to everyone, from curious newcomers to seasoned Bitcoiners. The event features:
- Main Stage and Expo Stage: Hosting keynotes, fireside chats, and panels in English, with top-tier speakers addressing Bitcoin’s technological, economic, and societal impact.
- Czech Stage: An outdoor stage for local audiences, delivering content in Czech to engage the regional Bitcoin community.
- Workshops and Panels: Deep dives into topics like self-custody, mining, and financial sovereignty, with hands-on sessions for practical learning.
- Expo Area: Over 90 Bitcoin-focused companies, including partners like Trezor, Fedi, and ElenPAY, will showcase cutting-edge products and services, from hardware wallets to lightning payment solutions. Attendees can interact directly with innovators and test new technologies.
- Side Events: From Bitcoin & Brews with Rootstock to the Satlantis Sunday Social, side events offer networking opportunities, discussions on privacy and freedom tech, and even a Bitcoin treasure hunt with real BTC prizes.
- VIP and Business Day: On June 19, the exclusive Business Day caters to entrepreneurs and executives, offering high-quality content and quieter expo access. VIP pass holders enjoy front-row sofa seating, a private lounge, premium food and drinks, and exclusive Q&A sessions with speakers. Every VIP attendee will also receive a free Bitkey hardware wallet.
The event’s “Summer Orange Vibe” includes food and chill zones, great Czech beer, two afterparties, and a kids’ corner, ensuring a welcoming and inclusive atmosphere. Kids up to 8 years old get free Expo tickets, making it family-friendly.
Why Prague? A Hub of Bitcoin Innovation
Prague’s selection as the host city is no coincidence. The Czech Republic has a storied history of fostering Bitcoin innovation, giving rise to projects like Trezor and Slush Pool. The conference’s venue, PVA Expo Praha, spans 19,000 m² and includes a conference area, expo hall, VIP lounge, art gallery, gaming zone, and party stage. Located just a 5-minute walk from the Letňany metro station (Line C), the venue is easily accessible, with accommodations near the metro offering convenient access.
The city’s legacy of fighting for freedom, from the Defenestrations of Prague to its modern Bitcoin movement, aligns with BTC Prague’s mission to promote financial sovereignty and individual empowerment. As one attendee noted, “I used to think I was the only Bitcoiner in my town. Thanks to BTC Prague, I gained the biggest value out there—friendships.”
Ticketing and Accessibility
BTC Prague offers a range of ticket options to suit different needs:
- Expo Pass: Ideal for beginners, granting access to the expo area and basic sessions.
- Conference Pass: Suitable for all Bitcoiners, providing access to main stages and workshops.
- Industry Pass: Geared toward professionals seeking to engage with the Bitcoin space.
- VIP Pass: The top-tier option, offering full access, premium hospitality, and exclusive perks like the Business Day and Bitkey wallet.
Tickets start at €15, with a 5% discount for Bitcoin payments via the Lightning Network. The event prioritizes anonymity, requiring no personal data—just a QR code for entry. Tickets can be upgraded, gifted, or sold, with clear instructions provided via email. Early bird tickets are available, but prices increase monthly, so securing a spot early is recommended.
A Community-Driven Experience
What sets BTC Prague apart is its emphasis on community. Organizers Matyas and Martin, backed by their company Twenty One Million s.r.o., curate a welcoming environment that fosters connections and ideas. Attendees have praised the event’s professional execution and its ability to create lasting relationships. One participant shared, “For such a brilliant event like BTC Prague, you just make sacrifices. Deepest thanks to Matyas and his fabulous team for this unforgettable experience.”
The conference also supports side events organized by the community, such as the Dev/Hack/Day for developers and the Hispanic Meetup for Spanish-speaking Bitcoiners, ensuring inclusivity across cultures and expertise levels.
Shaping the Future of Bitcoin
BTC Prague 2025 arrives at a pivotal moment. With Bitcoin’s price climbing and global adoption accelerating, the conference will explore how Bitcoin is reshaping finance, from institutional custody solutions to nation-state strategies. Sessions will address why Bitcoin is moving from a “risk to own” to a “risk not to own” asset and how it empowers individuals in a world of inflation and overreach.
As the organizers state, “We don’t witness the future of Bitcoin here—we are shaping it.” Whether you’re looking to enhance your knowledge, find your next big opportunity, or connect with like-minded enthusiasts, BTC Prague offers the ideal setting to accelerate your Bitcoin journey.
How to Join
Ready to be part of Europe’s biggest Bitcoin event? Visit www.btcprague.com to secure your tickets, explore the full program, and plan your trip. For updates, follow BTC Prague on X (
@BTCPrague), LinkedIn, Telegram, YouTube, Nostr, Instagram, or Facebook. Have questions? Contact the team at [email protected] (mailto:[email protected]).
Don’t miss your chance to join the movement shaping the new global economic order. BTC Prague 2025 is where ideas meet, relationships form, and real Bitcoin stories are made. See you in Prague!
Disclaimer: Information is sourced from the official BTC Prague website and related posts on X. For the latest details, verify with www.btcprague.com.
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