In a stunning aerial showcase, 1,000 drones simultaneously formed the classic Bitcoin symbol “₿” in the night sky. The widely published event is currently a bullish indicator of Bitcoin’s short-term mainstream adoption.
A tweet by Gemini shows a fleet of lighted drones in pre-launch locations, showing the enormous scale of the surgery.
The event coincided with legislative efforts to integrate Bitcoin into the US financial framework.
On March 6, President Donald Trump issued an executive order to create a strategic Bitcoin reserve and a US digital asset stockpile.
This reserve will be funded through Bitcoin seized in criminal or civil forfeiture measures, and Bitcoin is considered a strategic reserve asset. Rep. Byron Donald is also trying to codify the executive order into law.
On March 11, Sen. Cynthia Ramis announced that he would reintroduce the Bitcoin Act. According to Lumis, strategic Bitcoin reserves can use Bitcoin to repay US debt in $36.2 trillion, reducing their debt for over 20 years without relying on taxpayer money. However, many experts have criticized her approach.
According to Time, economist Stephen Cecchetti has warned against the dangers of base investments in volatile assets, saying it’s like playing poker with a credit card. He said that “credit rating agencies will downgrade the US and increase the costs of borrowing.”
According to Kraken’s price supply, Bitcoin is currently trading at $83,820.06, up 1.38% over the past 24 hours.