Donald Trump

BITCOIN Act

Bitcoin

<ul class="wp-block-list">
  
 <li>Donald Trump plans to establish a U.S. Bitcoin strategic reserve, mirroring the nation’s oil reserves.</li>   
 <li>The BITCOIN Act proposes acquiring 1M Bitcoins over five years to address the U.S. $35T national debt.</li>   
 <li>Russia extends its own Bitcoin reserve plans, adding global pressure and elevating Bitcoin’s geopolitical role.</li> 
</ul>   
<p>Donald Trump, U.S. president-elect, <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">has confirmed plans to set a U.S. Bitcoin strategic reserve, </a>signaling a change in the nation’s approach to digital assets. This announcement comes as the BTC price surpasses $100,000 following Trump’s November election victory.</p>   
<h2 class="wp-block-heading" id="h-u-s-bitcoin-reserve-plans-unveiled">U.S. Bitcoin Reserve Plans Unveiled</h2>   
<p>Speaking on CNBC, Trump emphasized the need for the United States to lead in cryptocurrency adoption, referencing its growing use worldwide where he stated he will do something great with crypto, leading the U.S. ahead of other nations.</p>   
<p>He further confirmed the U.S. would create a Bitcoin reserve akin to the nation’s strategic oil reserves. Trump’s remarks align with earlier campaign promises, including the <a href="https://cryptonewsland.com/vaneck-2025-prediction-bitcoin-reserves-expected-as-u-s-btc-mining-hit-35-hash-rate/" target="_blank" rel="noreferrer noopener">creation of a strategic national Bitcoin reserve.</a> At the Bitcoin 2024 conference, Trump predicted Bitcoin’s market value could rival gold's $16 trillion capitalization.</p>   
<h2 class="wp-block-heading" id="h-legislative-momentum-behind-bitcoin">Legislative Momentum Behind Bitcoin</h2>   
<p>The legislative space is also shifting to accommodate this vision. Republican Senator <a href="https://cryptonewsland.com/cynthia-lummis-supports-scott-bessent-for-treasury-secretary/" target="_blank" rel="noreferrer noopener">Cynthia Lummis has introduced the BITCOIN Act</a>, a bill suggesting the addition of one million Bitcoins over five years.&nbsp;</p>   
<p>This plan addresses the U.S.’s growing $35 trillion national debt. The proposal stresses Bitcoin’s prospect as an alternative store of value, positioning it as a hedge against traditional currency volatility.</p>   
<h2 class="wp-block-heading" id="h-international-developments-add-pressure">International Developments Add Pressure</h2>   
<p>International dynamics are also fueling these developments. Russian lawmakers are promoting plans to establish a Bitcoin strategic reserve. This move follows President Vladimir Putin’s approval of Bitcoin as a viable alternative to foreign currency reserves, especially after Western sanctions impacted Russia’s financial assets. These geopolitical shifts underline the growing role of Bitcoin in global financial systems.</p>   
<h2 class="wp-block-heading" id="h-market-reaction-and-price-projections">Market Reaction and Price Projections</h2>   
<p>Trump’s Bitcoin reserve announcement has triggered optimistic market forecasts. <a href="https://x.com/MorningsMaria/status/1867562618518478849" target="_blank" rel="noreferrer noopener">Perianne Boring, founder of the Digital Chamber</a> of Commerce, remarked that Bitcoin's fixed supply could drive exponential growth.</p>   
<p>&nbsp;Analysts referencing the stock-to-flow model project Bitcoin’s value could exceed $800,000 by next year, pushing its market capitalization to $15 trillion. This surge reflects growing confidence in Bitcoin as a finite and resilient asset.</p>    
<p>The post <a href="https://cryptonewsland.com/trump-confirms-u-s-bitcoin-reserve-plan-pushing-btc-past-100k-whats-next/">Trump Confirms U.S. Bitcoin Reserve Plan, Pushing BTC Past $100K: What’s Next?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Trump Confirms U.S. Bitcoin Reserve Plan, Pushing BTC Past $100K: What’s Next?

Table of Contents

Crypto News Land

Other articles published on Dec 15, 2024

Bitget plans a Lithuanian hub to meet EU crypto rules under MiCA

XRP Price Prediction for Today, December 15 – XRP Technical Analysis

Solana To Climb to $235, As Critical Support Zones Challenged

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

What Are the Best Meme Coins to Hold for the Long Term?

OpenSea Sparks Airdrop Buzz Amid Cayman Islands Registration

Join our free newsletter for daily crypto updates!