El Salvador's Congress on Wednesday swiftly approved a bill sent just minutes earlier by President Nayib Bukele to amend its bitcoin law to comply with a deal with a key international lender to make acceptance of the cryptocurrency voluntary.
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El Salvador has quickly passed a bill to amend its Bitcoin law, making it voluntary for businesses to accept the asset as payment, Reuters reported.
For much of the past 24 months, the target price for Bitcoin has been $1 million. This price target was first articulated by Cathie Wood of Ark Invest, and has almost become part of crypto lore by now: Bitcoin is going to $1 million by 2030, and there's nothing that anyone can do to stop it.
Bitcoin bulls pushed BTC price back toward its range high after FOMC minutes aligned with the markets’ expectations.