Donald Trump

Bitcoin

Reserve

Donald Trump has officially endorsed Bitcoin, setting the stage for a groundbreaking U.S. Bitcoin strategic reserve. The announcement comes amid rising global tensions, including reports that Russia is eyeing Bitcoin to counter Western sanctions, potentially sparking a “Bitcoin cold war.” 
The Bitcoin price has surged past $100,000 following Trump’s re-election, fueled by market excitement and a wave of “fear of missing out” (FOMO) from major Wall Street players. Trump <a href="https://www.cnbc.com/2024/12/12/watch-the-full-video-of-donald-trump-talking-with-jim-cramer-at-nyse.html" target="_blank" rel="noreferrer noopener nofollow">told</a> CNBC, “<a href="https://www.cryptotimes.io/2024/12/12/donald-trump-plans-to-do-something-great-with-crypto/" target="_blank" rel="noreferrer noopener">We’re going to do something great</a> with crypto because we don’t want to be left behind while others, like China, embrace it. We want to lead the charge.” 
When asked about a U.S. Bitcoin reserve akin to the strategic oil reserve, Trump confirmed, “Yes, I think so,” as per <a href="https://www.forbes.com/sites/digital-assets/2024/12/14/trump-confirms-bitcoin-reserve-plans-15-trillion-price-boom-predicted/" target="_blank" rel="noreferrer noopener nofollow">Forbes</a>. This aligns with his earlier promise during the Bitcoin 2024 Conference to create a “national Bitcoin reserve,” predicting Bitcoin’s market cap could soon rival gold’s $16 trillion. 
Adding momentum to this initiative, Republican Senator Cynthia Lummis has introduced the BITCOIN Act, a proposal for the U.S. to accumulate 1 million Bitcoins over five years to address the $35 trillion national debt. 
Meanwhile, Russia’s President Vladimir Putin is also praising Bitcoin as a tool for economic resilience, with lawmakers pushing for their own Bitcoin reserve following asset freezes by the West. 
Market experts are now forecasting a dramatic rise in Bitcoin’s value. Perianne Boring, founder of the Digital Chamber, told Fox Business, “If Trump’s plans materialize, Bitcoin’s fixed supply could send its price to $800,000 by next year, creating a $15 trillion market cap.” 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/12/12/trumps-investment-in-link-sparks-interest-among-whales/" target="_blank" rel="noreferrer noopener">Trump’s Investment in $LINK Sparks Interest among Whales</a> 
</blockquote>

Trump’s Bitcoin Reserve Could Surpass $16T Like Oil

The Crypto Times

Other articles published on Dec 15, 2024

Tether (USDT) Transfer Volume On Tron Hits ATH, What Next For TRX Price?

Forget Bitcoin! These 5 Altcoins Are Set to Skyrocket by 8,000% in December 2024

Rue Missing PEPE’s Boom? Seize Your Millionaire Moment With BTFD—The Best Meme Coin Presale to Bu...

1Fuel’s Real-World Use Cases Attract VeChain DOGE And SHIB Whales Amid Market Volatility

Helium price could enter beast mode, technicals suggest

Swift Trading Nets $448K Profit on Binance Listing Announcement

Join our free newsletter for daily crypto updates!