Bitcoin has reached a new all-time high of over $77,000, with its market capitalization leading the cryptocurrency industry. This surge was influenced by BlackRock's iShares Bitcoin Trust ETF experiencing record inflows of over $1.1 billion. There is ongoing speculation about Bitcoin becoming a treasury reserve asset in the US, as some analysts and industry figures suggest it could help offset the deficit and become a widely adopted treasury asset by nations. However, a proposal to create a strategic Bitcoin reserve in the US is expected to face legislative obstacles. Former Binance CEO Changpang Zhao has advised investors to exercise caution and employ proper risk management strategies amidst Bitcoin's impressive rally. As of now, Bitcoin is being traded at around $77,046.



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