Bitcoin’s recent decline followed a disappointing executive order from US President Donald Trump, which aimed to create a Strategic Bitcoin Reserve but failed to excite the markets. Initially, Bitcoin’s price dropped from over $90,000 to about $84,600, later stabilizing around $87,000. The order emphasized that the government would only use Bitcoin acquired through forfeiture cases, ...
President Donald Trump has signed an executive order creating a Strategic Bitcoin Reserve and a digital asset stockpile, fulfilling a promise from his recent campaign. The order highlights the importance of Bitcoin as the original cryptocurrency with a limited supply, positioning the U.S. as a front-runner in asset reserves. The reserve will include Bitcoin seized ...
President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, fulfilling a campaign promise. The order highlights Bitcoin’s fixed supply as a strategic advantage for the U.S. to be an early adopter of such reserves. The reserve will consist of forfeited Bitcoin held by the Treasury, ...
On March 7, US President Donald Trump plans to sign an executive order to establish a “Strategic Bitcoin Reserve” aimed at increasing the government’s Bitcoin holdings. This initiative comes during the White House Crypto Summit, where various options for crypto-related executive actions are being discussed. The reserve could allow the US to buy more Bitcoin ...
Oklahoma is making headlines with its new “Strategic Bitcoin Reserve Act,” approved recently to allow the state to invest public funds in Bitcoin. This bold move, backed by a vote of 12 to 2, positions Oklahoma as a pioneer among states considering cryptocurrency for public finances. The aim is to use Bitcoin as a shield ...
On February 6, Utah’s House of Representatives passed House Bill 230, known as the “Strategic Bitcoin Reserve” bill, with a close vote. This bill, which allows the state treasurer to invest up to 5% of certain public funds in qualifying digital assets, is now headed to the Senate and then to the governor’s desk for ...
A recent analysis predicts that Bitcoin could reach as high as $150,000 in the first half of 2025, assuming the new Trump administration introduces its planned “Strategic Bitcoin Reserve.” Initially, there might be a dip in Q1 if this does not happen rapidly enough. However, bullish Market momentum is expected to drive prices into the ...
Fred Thiel, CEO of Marathon Digital Holdings, is rallying support for a Strategic Bitcoin Reserve plan under the Trump administration, aiming to position Bitcoin as a cornerstone of U.S. financial strategy. With 11 states already introducing legislation to create their own Bitcoin reserves, Thiel’s vision seeks to integrate Bitcoin across all states and at the ...
The chances that Donald Trump will establish a Strategic Bitcoin Reserve within his first 100 days in office have risen to 56%, according to a recent Polymarket poll. This increase, from a low of 23%, has boosted the value of the Strategic Bitcoin Reserve token to $2.25, with a Market cap exceeding $50 million. Trump’s ...
