According to Balaji (@balajis) on Twitter, the European Central Bank (ECB) has recognized the shifting narrative where gold, historically the reserve currency of the land, is being challenged by digital gold like Bitcoin (BTC) as the future reserve currency of the cloud. This development signals increasing institutional awareness of BTC's role as a hedge against fiat currencies and highlights the growing importance of cryptocurrency in global reserve strategies. Traders should monitor ECB policy statements and reserve allocation trends, as any further institutional adoption or positive sentiment toward BTC can significantly influence Bitcoin price action and overall crypto market volatility. Source: Balaji (@balajis), Twitter, June 11, 2025.

According to Crypto Rover, Elon Musk publicly responded to Coinbase CEO Brian Armstrong’s assertion that Bitcoin may take over as the world’s reserve currency, a statement that has triggered renewed optimism and increased trading activity in the cryptocurrency markets (source: Crypto Rover on Twitter, June 4, 2025). Leading analysts note that Musk’s engagement with Armstrong’s comments has historically driven significant volatility and volume in Bitcoin trading, with immediate price movements often following such high-profile endorsements. Traders are closely watching for further institutional responses and potential policy discussions, as Bitcoin’s narrative as a global reserve asset gains traction among major market participants.