• While Bitcoin has held steady above $100k, mainstream adoption has been limited
• Stablecoin regulations may boost U.S Treasury demand, reinforcing dollar dominance in crypto

Bitcoin [BTC] has managed to maintain its footing above the critical $100,000-threshold, highlighting resilience despite recent bouts of market volatility. At the time of writing, the world’s largest crypto was trading at $108,887.85, following modest gains of 0.75% over the last 24 hours.

Now, while this stability marks a significant milestone in Bitcoin’s market journey, questions around its broader adoption still linger.

Bill Miller on Bitcoin adoption

During a recent appearance on the Coin Stories podcast, Bill Miller IV, CIO of Miller Value Partners, noted that although Bitcoin has reached impressive price levels, it still hasn’t been fully embraced by the mainstream.

His comments highlighted a growing sentiment among industry veterans that Bitcoin’s market success hasn’t fully translated into everyday use or widespread institutional integration.

He said,

“Yeah. Well, TradFi tends to be not always the first movers on this type of thing, just because it’s a game of risk management.”

During the podcast, a compelling point was also raised about the growing role of U.S Treasuries in the evolving digital asset landscape. The discussion touched upon the irony that while every U.S. administration, regardless of political affiliation, claims to champion dollar dominance, many of their policies may actually weaken it.

A particularly thought-provoking idea was whether artificial demand for treasuries could be created by mandating that stablecoin issuers hold them as part of their capital reserves.

This potential requirement could embed treasuries even deeper into the crypto ecosystem, effectively reinforcing the dollar’s global position under the guise of regulation. Such a move, while strategic, also reveals how policymakers may use digital

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Author: Ishika Kumari