Bitcoin

President Trump

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Russian lawmaker, Anton Tkachev, proposes the creation of a national Bitcoin reserve to mitigate geopolitical risks.</li>
 <li>Former Binance CEO, Changpeng “CZ” Zhao, speculates smaller nations might lead in adopting Bitcoin reserves.</li>
</ul>
<p>A Russian lawmaker, Anton Tkachev, has proposed the establishment of a national <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> reserve.</p>
<p>Tkachev, a member of the State Duma from the Novye Lyudi party, has made a formal appeal to Finance Minister Anton Siluanov.</p>
<p>He advocates for a Bitcoin reserve modelled after traditional state reserves in fiat currencies.</p>
<h2 id="russia-s-bitcoin-reserve-proposal">Russia’s Bitcoin Reserve Proposal</h2>
<p>Tkachev’s proposal highlights the growing recognition of Bitcoin’s potential as a strategic financial asset globally.</p>
<p>He noted, “With limited access to traditional international payment systems for countries under sanctions, cryptocurrencies are becoming virtually the only tool for international trade.”</p>
<p>This follows Russian President Vladimir Putin’s recent comments at the Moscow Investment Forum, where he acknowledged Bitcoin’s potential, marking a significant shift in his stance.</p>
<h2 id="global-interest-in-bitcoin-reserves">Global Interest in Bitcoin Reserves</h2>
<p>Former <a href="https://coineagle.com/exchange/binance/" rel="noopener noreferrer nofollow">Binance</a> CEO, Changpeng “CZ” Zhao, also commented on the global discourse surrounding Bitcoin reserves.</p>
<p>Speaking at the Bitcoin MENA conference, Zhao speculated that smaller nations might lead the way in adopting Bitcoin reserves.</p>
<p>He also hinted at the potential for China to establish a Bitcoin reserve but noted the unpredictability of such a move due to the opacity of its government’s stance on cryptocurrency.</p>
<p>Zhao said, “Trump has not gotten into office yet, and the strategic Bitcoin reserve has not been activated yet, so I think as soon as that actually happens, we’ll see what other countries do.”</p>
<p>The global interest in establishing Bitcoin reserves seems to echo the cryptocurrency’s remarkable surge past the $100,000 milestone.</p>
<p>Currently, Bitcoin trades at $97,325.53, reflecting a 1.65% decline over the past 24 hours.</p>
<p>In the US, market sentiment remains mixed, with Polymarket betting on the likelihood of former President Trump creating a Bitcoin reserve in his first 100 days dropping&nbsp;to 28%.</p>

Bitcoin Boost: China and Russia’s BTC Reserves Could Flourish Amid Trump’s Crypto Initiative

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CoinEagle.com

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