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The main cryptocurrencies to buy while the Saudi Central Bank reveals its exposure to Mstr

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Bitcoin and other cryptoactives have been in a bullish trend in recent sessions after that the Saudi Central Bank (Sama) confirmed A significant exposure to Microstrategy Inc.

According to the last 13F presentation of Sama, it has a total of 25,656 actions of the business intelligence firm that has been successfully transformed into a Bitcoin Proxy in recent years.

This institutional purchase, together with the de -cast of commercial tensions between the US and China, have uploaded the price of BTC almost 40 % in early April.

Why is Sama movement important for the main cryptocurrencies?

MSTR is widely known as an alternative medium to invest in the largest cryptocurrency in the world for market capitalization. The company that quotes at Nasdaq currently has More than half a million BTC In his balance.

The cryptocurrency community is applauding the revelation of the Saudi Central Bank, since it indicates the generalized adoption and the growing institutional interest in the main cryptocurrencies to buy.

Investors are celebrating, since the SAMA movement is widely interpreted as a vote of confidence in the Bitcoin strategy initiated by Michael Saylor, executive president of Microstrategy, in 2020.

https://x.com/saylor/status/1923060408811721081

They hope that the Central Bank’s confidence vote will begin to invest in BTC, which can serve as a significant catalyst not only for Bitcoin, but also for the rest of the cryptocurrency industry.

With global investment banks increasingly interested in obtaining exposure to Bitcoin, investors expect the world in which BTC finally obtain the reserve status can now be in the near future.

What Sama’s movement can mean for memecoins as Bitcoin Pepe

The considerable position of the Saudi Central Bank in Microstrategy could indicate institutional confidence in Bitcoin, which could benefit memecoins as Bitcoin Pepe. Microstrategy is one of Bitcoin’s biggest corporate holders, and its actions are often considered an indicator of Bitcoin exposure.

If an important financial institution such as the Saudi Central Bank is investing in Microstrategy, it suggests a growing recognition of Bitcoin as a class of legitimate assets.

https://x.com/bitcoinnewscom/status/1897289158772641882

This could have an indirect effect on Meemcoins such as Bitcoin Pepe. Institutional adoption tends to increase liquidity and stability in the cryptocurrency market in general, attracting new retail and institutional investors.

Memecoins thrive thanks to the speculation and enthusiasm of the community, and an Alcista institutional position on Bitcoin could lead to greater interest in related assets.

Bitcoin Pepe can be one of the main cryptocurrencies to buy to take advantage of the possible indirect effect of Sama’s investment in Mstr, since the narrative of “the only ICO Memecoin de Bitcoin in the world” is already attracting a strong demand.

In addition, it is a native token that is currently only in presale, indicating that the explosives initial movements by which memecoins are widely known have not yet materialized for Bitcoin Pepe.

His commitment to instant transactions and ultrabaja rates has already helped him to raise more than 8.4 million dollars, and the impulse can continue once he coticates in an exchange cryptocurrency after presale, especially with sama type ads that support the prices of cryptocurrencies in 2025.

Click here if you want more information about Bitcoin Pepe.

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Taurus is associated with the Turkish Bankpozitif Digital Bank

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  • Taurus has associated with Bankpozitif to expand the adoption of custody of digital assets in the Fintech ecosystem of Türkiye.
  • The Swiss -based platform has recently launched its services in Solana and Hedera.

Taurus, the cryptocurrency custody supplier, has announced an important association with the Turkish Bankpozitif digital bank.

Taurus, based in Switzerland, said in a Blog post On March 4 that the strategic association with Bankpozitif will allow both to work together to expand the integration and adoption of digital assets throughout the Banking Ecosystem of Türkiye.

Institutional level custody solutions

The collaboration will allow Taurus to offer its Taurus-Protect and Taurus-Explorer solutions to Bankpozitif’s customers. Protect is a solution that offers an institutional level custody service for cryptocurrencies, tokenized assets and digital currencies.

Meanwhile, Explorer is a blockchain node and an indexing infrastructure service that allows users to take advantage of both public block chains and authorized.

Dr. Erkan Kork, president of Bankpozitif, commented:

“As we focus on innovative products and expand our investments in digitalization, this association with Taurus represents a significant step in our digital transformation trip. The Turkish bank sector has reached a size of 30 billion Turkish liras, and we are seeing unprecedented opportunities in Fintech innovation. ”

Lamine Brahimi, managing partner of Taurus, added:

“The combination of high adoption rates, growing institutional interest and constructive regulatory frameworks creates good conditions for innovation in digital asset banks. This association with Bankpozitif demonstrates our commitment to support the ambitious objectives of Türkiye in the space of digital assets, while providing the security and compliance capacities required by institutions. ”

The Taurus association with Bankpozitif makes it the last impulse of the cryptocurrency custody supplier in Türkiye. In 2024, Taurus announced an association with the Neobancaria Misyon startup.

The expansion recently saw Taurus take his solution to Solana. It has also been associated with the Hashgraph Association to carry custody, staking and tokenization of assets to Hedera (HBAR).

Taurus, backed by Deutsche Bank, also has a presence of tokenization in Switzerland and Germany.

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The Central Bank of Sweden will not consider Bitcoin as currency

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The Central Bank of Sweden, also known as Sveriges Riksbank, recently deepened in Bitcoin (BTC) to determine if the king cryptocurrency can be classified as currency. He established that he must comply with three criteria to be considered a currency: deposit of value, means of payment and account unit.

There is no reliable value reserve

The Central Bank indicated that Bitcoin is not a reliable value reserve due to its volatile nature. Said the following:

“If an asset acts as a value reserve, you must be sure that you can buy both today for, say, 100 Swedish crowns and tomorrow. The price of Bitcoin has had a high level of volatility, so it is a relatively poor protector. ”

Riksbank also indicated that despite being accepted as a means of payment in a small number of places, BTC is not as widely accepted as credit cards:

“If the asset acts as a means of payment, a buyer must be able to use the asset to pay and a seller accepts it as payment. There is no exact figure about how many companies Bitcoin accept as a means of payment, but Coinmap has a maps service of several merchants that accept bitcoin and ATMs where you can buy bitcoins. On May 13, 2022 there were approximately 29,500 merchants and vending machines on the map. In comparison, visa cards are accepted by more than 60 million merchants. ”

Volatility is blamed

The Central Bank also declared that Bitcoin cannot be used as a account unit due to constant price changes. Declared the following:

“If the asset works as a unit of account, it can be used to set the price of goods and services. The two above features come into play because it is more difficult to set the price of something if the value of the asset fluctuates a lot or if it is not used as a means of payment. ”

Bitcoin does not match 3 criteria to be currency

Finally, he indicated that because Bitcoin does not meet the three criteria to be considered currency, consider BTC only as an asset, but not as a currency:

“Bitcoin generally does not fulfill the three functions and therefore is not money, at least not in the sense that it functions as money in the traditional financial system and in society. A reasoning similar to many other cryptocurrencies can be applied. ”

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