Bitcoin has soared past $107,000, driven by optimism following U.S. President-elect Donald Trump’s promise to create a Bitcoin strategic reserve akin to the country’s oil reserves. This news has excited cryptocurrency investors, leading to a 5.43 percent increase in Bitcoin’s value. Analysts note that the Market is looking toward the next milestone of $110,000, as ...
Donald Trump is reportedly considering an Executive Order to create a Strategic Bitcoin Reserve (SBR) through the Treasury’s Exchange Stabilization Fund. This fund, which has over $200 billion in assets, is usually used to stabilize the dollar during financial crises. If enacted, this move would put the U.S. at the forefront of a global trend ...
A global think tank has suggested that Amazon should include Bitcoin in its strategic reserve by next year. The National Center for Public Policy Research claims that adding Bitcoin could help Amazon protect its $88 billion in cash and equivalents from inflation. With the U.S. inflation rate peaking at 9.1% in mid-2022, traditional assets like ...
After Bitcoin’s recent surge of nearly 40%, many investors are optimistic about a potential boost from a Donald Trump presidency. As Trump steps into office, a pro-business regulatory environment for cryptocurrency is expected, with the possibility of new legislation that could favor Bitcoin and alleviate SEC restrictions on various cryptocurrencies. The introduction of a strategic ...
