Despite Dimon’s personal stance, the announcement reflects growing institutional demand for Bitcoin, especially in the wake of the asset’s growing legitimacy and adoption among asset managers, corporates, and retail investors.
Although Ukraine does not yet hold an official crypto reserve, it has already amassed significant amounts of digital assets through global donations in response to the ongoing war with Russia.
According to Benchmark Equity Research, the recent stock momentum is underpinned by strong fundamentals and favorable market positioning. The firm raised its price target for COIN to $301, up from $252, just three days after Coinbase officially became part of the S&P 500.
Over the last six months, Bullish and Gibraltar’s financial authorities have worked together to craft a regulatory framework that adapts traditional finance (TradFi) clearing regulations, such as those enforced under EMIR and Dodd-Frank, to the crypto ecosystem.
Pi’s founder, Dr. Nicolas Kokkalis, is scheduled to speak at the Consensus 2025 in Toronto, adding to the excitement surrounding the upcoming news. And the timing of the announcement couldn't have been more fortuitous. The token's price had largely been stagnant during April, with no significant price swings.
