In a groundbreaking move at the inaugural White House Crypto Summit, President Donald Trump declared that the U.S. will adopt the Bitcoin principle of “never sell your Bitcoin.” He announced the establishment of a Strategic Bitcoin Reserve to hold onto the nation’s Bitcoin assets, emphasizing a shift from past administrations that sold significant amounts. Trump ...
Michael Saylor, the executive chairman of Strategy, recently suggested that the U.S. government might purchase 1 million Bitcoin to create a strategic reserve. This idea aligns with a proposal from Senator Cynthia Lummis and involves a gradual acquisition strategy over four years. During a Fox Business interview, Saylor highlighted the value of existing U.S. Bitcoin ...
President Donald Trump has initiated a strategic bitcoin reserve and a separate stockpile for other digital assets as part of his commitment to the cryptocurrency industry. This bitcoin reserve will utilize assets seized from criminal cases, which means it won’t cost taxpayers anything. Trump’s crypto advisor, David Sacks, emphasized that the U.S. government owns around ...
President Donald Trump has announced the establishment of a Strategic Bitcoin Reserve through an executive order, a significant shift in U.S. digital asset policy. This reserve will be funded by bitcoin obtained from criminal and civil forfeitures, ensuring no cost to taxpayers. The order also calls for a thorough assessment of federal digital asset holdings ...
On January 23, 2025, President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve, fundamentally changing U.S. digital asset policy. This reserve will be funded by bitcoin seized from criminal cases, ensuring no cost to taxpayers. The U.S. government reportedly controls around 200,000 bitcoins, and the order aims to account for these ...
President Donald Trump is set to reveal a major change in U.S. cryptocurrency policy, including a proposal for a Bitcoin strategic reserve, according to Commerce Secretary Howard Lutnick. In an interview ahead of the first-ever White House crypto summit, Trump expressed his vision for Bitcoin and how other cryptocurrencies might be regulated. He believes that ...
The Swiss National Bank (SNB) firmly rejects the idea of including Bitcoin in its national reserves, citing issues such as high volatility and limited liquidity. This decision comes amidst rising advocacy for cryptocurrency, especially from cities like Zug and Lugano, which embrace digital currency innovations. SNB President Thomas Schlegel emphasizes the risks of accepting Bitcoin, ...
El Salvador has recently bought 12 Bitcoin in just two days, increasing its total holdings to 6,044 BTC, worth around 610 million USD. This comes after an agreement with the International Monetary Fund (IMF) to cut back on its cryptocurrency policies, including making Bitcoin acceptance by businesses voluntary. Despite this, President Nayib Bukele’s government is ...
Coinbase CEO Brian Armstrong recently expressed strong support for a U.S. Bitcoin reserve, highlighting its importance in the future of global economics as cryptocurrency usage expands. He believes that the U.S. should consider Bitcoin as a strategic asset. Betting markets show increasing confidence in this idea, with predictions suggesting a 63% chance of its implementation ...
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 ...
