On October 24, it was reported that Pennsylvania’s House of Representatives passed a pro-crypto bill aimed at protecting self-custody and digital asset payments, with a bipartisan vote of 176 to 26. This bill now awaits approval from the Pennsylvania Senate and the Governor. CryptoQuant CEO Ki Young Ju stated that the recent surge in Bitcoin mining difficulty, which has risen by 378% over the last three years, could indicate a shift toward Bitcoin becoming a stable currency by 2030, driven by institutional investment. Ju noted that the increasing difficulty may result in reduced volatility as institutional dominance grows. Meanwhile, MicroStrategy CEO Michael Saylor clarified his earlier comments about banking custody for Bitcoin after facing backlash from the crypto community. He stated his support for self-custody and the freedom for individuals to choose their custodial methods, emphasizing that Bitcoin should welcome all forms of investment.

Source 🔗