Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
The idea of a US Bitcoin National Reserve gained traction after Trump's July 2024 proposal and November 2024 election victory. See why I am cautious about this hype.
Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.
Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7
President-elect Donald Trump has been promoting the idea of creating a ‘Strategic National Bitcoin Stockpile,’ but the purpose of such an institution remains unclear.
Both Bitcoin derivatives and margin markets indicate bullish momentum, despite record outflows from BlackRock’s iShares Bitcoin Trust ETF (IBIT) on Dec. 24. Moreover, the resilience shown during the retest of the $92,458 level on Dec. 23 reinforces optimism about Bitcoin’s potential to reach $105,000 and beyond.
Japan's government has expressed a cautious stance on holding Bitcoin as part of its national reserves, citing concerns over volatility.
Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.
Bitcoin, XRP and Dogecoin saw sharp declines following the Federal Reserve's announcement of a rate cut on Dec. 18, 2024.
Bitcoin hit a record high above $107,000 Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve.
ChatGPT predicts that Bitcoin could climb to $200,000 in 2025, supported by historical trends and current market dynamics.