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The Year That Was
Executive Summary
The year 2025 marked a definitive metamorphosis for Bitcoin, transitioning the asset from a speculative instrument to a strategic component of sovereign and corporate balance sheets. This “Infinity Age,” or “Threshold Year,” was characterized by three pivotal vectors: the codification of regulatory clarity in the United States, the direct entry of nation-states as network participants, and a brutal market structure reset that tested the ecosystem’s resilience.
Legislatively, the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act…
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