Bitcoin price targets extend down to $58K as BTC prints new death cross

The policy paper argues that access to capital markets, rather than income or banking, now defines who can build wealth and says tokenization could widen participation.

Some lenders are willing to accept Bitcoin and recognize crypto holdings when considering a mortgage application, but issues around risk remain.

Strategy acquired 22,305 BTC last week at about $95,284 per coin, lifting its holdings to 709,715 BTC.

The policy paper argues that access to capital markets, rather than income or banking, now defines who can build wealth and says tokenization could widen participation.

Some lenders are willing to accept Bitcoin and recognize crypto holdings when considering a mortgage application, but issues around risk remain.

Strategy acquired 22,305 BTC last week at about $95,284 per coin, lifting its holdings to 709,715 BTC.

Bitcoin failed to break out from its macro trading range, according to analysis, with new BTC price targets including a return to sub-$60,000 levels.

The warning came as Hong Kong consults on new virtual asset advisory and management licenses, expanding oversight beyond crypto trading platforms.