Coinbase CEO Brian Armstrong has expressed strong support for the concept of a U.S. strategic Bitcoin reserve, highlighting its importance in global economic competition. He presented the idea in a blog post as a potential move for the U.S. government, especially as Bitcoin adoption continues to grow. Betting markets show a noteworthy chance that this ...
The possible establishment of a Bitcoin strategic reserve by Donald Trump could prompt Japan and other Asian nations to follow suit, according to Metaplanet’s CEO. Metaplanet, often likened to Asia’s MicroStrategy, has seen a remarkable growth of 1,900% in share value due to its strong Bitcoin investments. The company’s strategy started last April when it ...
Jeff Park, the head of alpha strategies at Bitwise Invest, recently suggested that if the U.S. creates a Bitcoin reserve, the price of Bitcoin could reach $1 million by 2025. He mentioned that this would be based on specific calculations, although he believes that only 10% of this reserve might become a reality next year. ...
Jeff Park from Bitwise Invest suggests that Bitcoin’s price could soar to $1 million if the U.S. establishes a Bitcoin reserve. He believes this scenario is plausible for 2025 but only expects a modest 10% federal reserve next year. This idea gained traction after Senator Cynthia Lummis proposed a bill for the U.S. Treasury to ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy” during an interview on Bloomberg Television. This comes amid rising Bitcoin prices, partially fueled by President-elect Donald Trump’s plan for a crypto-friendly administration that may include a federal Bitcoin stockpile to address national debt and boost the economy. ...
The cryptocurrency Market faced a 4% decline, falling to around $3.8 trillion. Bitcoin’s price dropped 2% to about $104,600, while major altcoins like XRP, Solana (SOL), and Avalanche (AVAX) experienced losses exceeding 5%. This sell-off was triggered by the Federal Reserve’s forecast of fewer interest rate cuts in 2025, leading traders to take profits after ...
French MEP Sarah Knafo has called on the European Union to establish a “Strategic Bitcoin Reserve” to enhance financial independence and address inflation challenges. In her recent speech, she highlighted successful examples like El Salvador’s early Bitcoin adoption and the growing acceptance of cryptocurrencies in global markets. Knafo criticized current EU financial policies as restrictive, ...
Donald Trump, set to take office as President again, may issue an Executive Order to create a Strategic Bitcoin Reserve. This plan involves using the Treasury’s Exchange Stabilization Fund, which has over $200 billion in assets, to purchase Bitcoin. Trump’s allies, including Senator Cynthia Lummis, support this initiative, aiming to accumulate significant Bitcoin reserves for ...
Texas lawmakers have introduced a bill to create a strategic bitcoin reserve for the state, allowing the collection of taxes and donations in bitcoin. This initiative, led by Republican Representative Giovanni Capriglione, aims to strengthen Texas’ financial stability and position it as a leader in bitcoin innovation. By holding bitcoin for at least five years, ...
A member of Russia’s State Duma has suggested establishing a national Bitcoin reserve, aiming to use cryptocurrency to combat economic sanctions and achieve financial stability. This proposal, introduced by Anton Tkachev, comes after President Putin’s positive remarks about Bitcoin. Tkachev believes that a Bitcoin reserve could serve as a safeguard against inflation and currency instability, ...
