Reserve Dollar

Donald Trump

Reserve

Green Light

<ul>
 <li>Donald Trump has teased a major BTC announcement at the Bitcoin Conference.</li>
 <li>CNBC discusses the possibility of Bitcoin (BTC) becoming a reserve currency.</li>
 <li>Could this be the announcement that Trump will make at the conference?</li>
</ul>
<p>Fuelling another bullish wave for the crypto market and the price of Bitcoin (BTC) is an intriguing discussion by <a href="https://www.cnbc.com/world/?region=world" rel="noopener noreferrer nofollow">CNBC</a>. The news platform showcases a conversation between the speakers of a possibility for Bitcoin (BTC) becoming a reserve currency.&nbsp;</p>
<p>Recently, <a href="https://cryptonewsland.com/donald-trump-expected-to-announce-bitcoin-strategic-reserve-policy/" rel="noopener noreferrer nofollow">Donald J. Trump</a>, former US President and present US Presidential candidate for 2024, teased that he will make an exciting announcement for Bitcoin (BTC) at the <a href="https://bitcoin2024.b.tc/2024/agenda" rel="noopener noreferrer nofollow">2024 Bitcoin Conference</a>.&nbsp;</p>
<p>This spurred infinite rumors in the crypto community from making Bitcoin a reserve currency to making Bitcoin a legal tender. Amidst the rumors there may be some truth and CNBC discusses one possibility, that is making Bitcoin (BTC) a reserve currency.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">BREAKING: <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CNBC</a> DISCUSSES RUMOR THAT U.S. MIGHT MOVE TO HOLD <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> AS RESERVE CURRENCY UNDER <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@realDonaldTrump</a> <br><br> <a href="https://t.co/f7rMCsvDa2" rel="noopener noreferrer nofollow">pic.twitter.com/f7rMCsvDa2</a></p>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1815427235018350959?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>As we can see from the clip above, the reporter asks if Bitcoin (BTC) can be made into a reserve currency for the United States of America. To this the response is that this is certainly a possible move, but can be a challenging one.&nbsp;</p>
<p>At the moment, the US Justice department holds about 200,000 BTC making the USA the largest BTC holding nation, according to this clip. Thus, these funds could easily be moved to the US Treasury and add $13 billion worth of Bitcoin (BTC) on the balance sheet which will start to make Bitcoin (BTC) a reserve currency for the country.</p>
<p>Adding on, the video states that the Justice department so far has been a random seller and a random buyer which pushes the price of BTC up and down. No doubt the entity has been a long-time HODLer supporting the price of BTC.&nbsp;&nbsp;</p>
<p>So far, both leading candidates, <a href="https://cryptonewsland.com/ada-ceo-endorses-kennedy-over-trump/" rel="noopener noreferrer nofollow">Robert F. Kennedy Jr.</a> and Donald J. Trump are very pro-Bitcoin and pro-crypto. This means that if either candidate takes the win, the future of Bitcoin and crypto standing in the USA will rise exponentially.&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/okcoin-usa-under-fdic-scrutiny-over-misrepresentation/" rel="noopener noreferrer nofollow">OKCoin USA Under FDIC Scrutiny Over Misrepresentation</a></li>
 <li><a href="https://cryptonewsland.com/donald-trump-expected-to-announce-bitcoin-strategic-reserve-policy/" rel="noopener noreferrer nofollow">Donald Trump Expected to Announce Bitcoin Strategic Reserve Policy</a></li>
 <li><a href="https://cryptonewsland.com/cnbc-analyst-forecasts-a-green-light-for-all-bitcoin-spot-etfs-this-fall/" rel="noopener noreferrer nofollow">CNBC Analyst Forecasts a Green Light for All Bitcoin Spot ETFs This Fall</a></li>
 <li><a href="https://cryptonewsland.com/the-usa-leads-crypto-adoption-race-with-46m-users/" rel="noopener noreferrer nofollow">The USA Leads Crypto Adoption Race With 46m Users</a></li>
 <li><a href="https://cryptonewsland.com/cointelegraphs-etf-misinformation-and-the-usa-whale-involvement/" rel="noopener noreferrer nofollow">Cointelegraph’s ETF Misinformation and the “USA Whale” Involvement</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoin-btc-as-reserve-currency-usa/" rel="noopener noreferrer nofollow">Will Trump Announce Bitcoin (BTC) as Reserve Currency for the USA at the Bitcoin Conference 2024?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Will Trump Announce Bitcoin (BTC) as Reserve Currency for the USA at the Bitcoin Conference 2024?

Crypto News Land

Other articles published on Jul 23, 2024

Ethereum ETFs Get Final Go-Ahead From The SEC: What Happens Next?

Dormant Ethereum ICO Wallet with $3.4M Awakens After 9 Years

MoonBag Crushes Golem in the Top Meme Coin Presale of 2024

Mt. Gox Distributes Bitcoin Compensation to Various Exchanges

Investors Capitalize on MNT Token Surge

Chart of the week: 1-Month performance review

Join our free newsletter for daily crypto updates!