Bitcoin Dips After Trump’s Strategic Reserve Order—Is The Market Wrong?
US President Donald Trump signed an executive order on March 7 establishing a Strategic Bitcoin Reserve (SBR) and a “Digital Asset Stockpile.” Both will initially be capitalized with cryptocurrency seized via government criminal and civil forfeiture proceedings, with future acquisitions possible under budget-neutral conditions. Moments after the news went public, BTC’s price slipped from roughly […]
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A leading cryptocurrency firm forecasted that Bitcoin price would surge next year, fueled by President-elect Donald Trump’s proposal for a US Strategic Bitcoin Reserve. Crypto company Blockware Solutions sees that Bitcoin could hit $400,000 per coin in a bull run if the proposed BTC reserve pushes through or still reach $150,000 in a bearish trend […]
Polymarket bookmakers report that the chances of Former President Donald Trump declaring a US Bitcoin strategic reserve have dropped. At first, speculations abound that Trump would reveal a daring strategy to include Bitcoin into the US strategic reserves during the Bitcoin 2024 conference this week. Related Reading: Could BlackRock’s Larry Fink Be Trump’s Next Treasury […]
Following US President Donald Trump’s announcement of a Crypto Strategic Reserve, some industry figures have questioned the possibility of its establishment. Market watchers have also expressed concern about the longevity of the Trump-fueled market recovery. Related Reading: Cardano Founder Speaks Out Over Rumored White House Ties Arthur Hayes Slams Crypto Reserve Announcement BitMEX founder Arthur […]
Crypto advocacy group Blockchain Association has reached out to US President-elect Donald Trump and the newly elected US Congress on ways to create a favorable regulatory environment for the digital asset industry. Related Reading: Strategic Bitcoin Reserve Possible Within Trump’s First 100 Days, Says Insider Trump’s Ideal Crypto Priorities For First 100 Days: Blockchain Association […]
Yesterday, Donald Trump signed the strategic Bitcoin reserve executive order – to Michael Saylor’s delight and altcoin investors’ dismay. White House Crypto Czar David Sacks highlights that no taxpayer dollars will go toward the reserve. The entirety of $BTC in it, worth about $17B at the current price, was seized from criminals. This makes the […]