A debate is ongoing about whether the U.S. government will buy more Bitcoin in 2025, following President Donald Trump’s executive order to establish a national Bitcoin reserve. Opinions are divided among analysts; a Bloomberg expert estimates only a 30% chance of increased government Bitcoin holdings due to political challenges, while Matt Sigel from VanEck offers ...
In 2009, Bitcoin became the world’s first cryptocurrency. Fast forward to today, President Trump has signed an executive order to establish the “Strategic Bitcoin Reserve and United States Digital Asset Stockpile.” This new initiative aims to shape the future of cryptocurrency in the U.S. On this episode of The Indicator from Planet Money, we explore ...
Bitcoin experienced a surge, hitting two-week highs on March 20, driven by speculation that the US government was planning a significant update to its cryptocurrency policies. The price reached nearly $87,500 before consolidating around $86,000, following a Federal Reserve meeting where officials decided to maintain current interest rates. This move created a sense of relief ...
The U.S. has traditionally relied on gold and oil as its key reserve assets, but Bitcoin is gaining attention as a potential future reserve. The new administration, starting in January 2025, is exploring policies to establish a Strategic Bitcoin Reserve, funded mainly from seized cryptocurrencies. While the U.S. holds significant gold and oil reserves, its ...
The CEO of CryptoQuant, Ki Young Ju, has raised concerns about the potential motivations behind the U.S. government adopting a Bitcoin standard. He suggests that for this to happen, the U.S. would need to feel its economic dominance challenged by another country. Ju believes that while he supports the idea of a Bitcoin standard, the ...
Bitcoin ETFs are now holding a substantial amount of Bitcoin, nearly equal to what Satoshi Nakamoto, Bitcoin’s creator, has in their wallet. US-based ETFs own over 1 million Bitcoin, accounting for about 5% of the total supply, driven by remarkable Market performance. There are discussions in the Senate about potentially purchasing another million Bitcoin by ...
The U.S. government recently transferred around 20,000 Bitcoin, valued at approximately $1.9 billion, from a wallet linked to the Silk Road to Coinbase. This wallet still holds about $18 billion in Bitcoin. The move included a small test transfer of 0.001 Bitcoin before the substantial transfer to an intermediary wallet and then to Coinbase. This ...
