According to Michael Saylor, the Bank of England is reportedly on the brink of considering Bitcoin as a reserve asset, signaling a potential major shift in institutional adoption of cryptocurrency (source: Michael Saylor Twitter, May 30, 2025). This development could increase Bitcoin’s legitimacy among traditional financial institutions, potentially driving increased institutional demand and impacting crypto market liquidity. Traders should monitor official statements from the Bank of England for confirmation, as central bank adoption could trigger significant volatility and upward momentum in Bitcoin and related assets.

According to Crypto Rover on Twitter, the 'Bitcoin State Reserve' law has just been passed, marking a significant milestone for the cryptocurrency market (source: Crypto Rover, May 8, 2025). This legislative move signals a new era of institutional Bitcoin adoption, as governments are now formally recognizing Bitcoin as a state reserve asset. Traders should monitor increased volatility, as this development may trigger large-scale buying from institutional investors and central banks, potentially driving Bitcoin prices upward and influencing altcoin momentum as well (source: Crypto Rover, May 8, 2025).