Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
Republican senator Cynthia Lummis has introduced a bill to congress, entitled the Boosting Innovation, Technology and Competitiveness Through Optimized Investment Nationwide (BITCOIN) Act, which proposes the U.S. buy 1 million bitcoins over five years to reduce the spiraling $35 trillion U.S. national debt.
A top crypto strategist thinks the digital asset market is in a position to witness a bullish continuation even as Bitcoin (BTC) trades below $100,000.
Since pledging to make America the "crypto capital of the planet", Trump's promises to enact pro-cryptocurrency policies have helped push the value of bitcoin to new records. Can the great run continue?
Bitcoin analysts are expecting a BTC recovery above $105,000 in the short term, as investor interest may return after the Christmas holidays, putting an end to the lack of liquidity.
The first bitcoin spot ETFs were approved in the US, the cryptocurrency reached an all-time high, and the fourth bitcoin halving occurred in April. The price of bitcoin now sits at over $84,000, up 142 per cent since the start of the year and 60 per cent
Analysts are bullish that demand from spot bitcoin ETFs and the possible adoption of a U.S. bitcoin reserve could help bitcoin to new highs in 2025.
The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.
The crypto asset was down over 9 percent as of money, following a surge in price after President-elect Donald Trump's win.
Center for Monetary and Financial Alternatives at Cato Institute - discusses crypto, strategic Bitcoin reserves, and Fed’s framework review