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.
Trump once called bitcoin "a scam against the dollar," but he has since changed his stance — and profited from crypto.
Republican senator Cynthia Lummis has introduced a bill to congress, entitled the Boosting Innovation, Technology and Competitiveness Through Optimized Investment Nationwide (BITCOIN) Act, which proposes the U.S. buy 1 million bitcoins over five years to reduce the spiraling $35 trillion U.S. national debt.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
Bitcoin pared earlier losses after capping its first weekly decline since Donald Trump’s election victory, while many smaller tokens turned higher on the day.
Since pledging to make America the "crypto capital of the planet", Trump's promises to enact pro-cryptocurrency policies have helped push the value of bitcoin to new records. Can the great run continue?
A top crypto strategist thinks the digital asset market is in a position to witness a bullish continuation even as Bitcoin (BTC) trades below $100,000.
Bitcoin analysts are expecting a BTC recovery above $105,000 in the short term, as investor interest may return after the Christmas holidays, putting an end to the lack of liquidity.
Analysts are bullish that demand from spot bitcoin ETFs and the possible adoption of a U.S. bitcoin reserve could help bitcoin to new highs in 2025.
The crypto market’s center of gravity is back in the US as 2025 approaches, courtesy of Donald Trump’s reelection to the presidency and widening demand for the nation’s digital-asset funds and derivatives contracts.
The crypto asset was down over 9 percent as of money, following a surge in price after President-elect Donald Trump's win.
It remains unknown what the future holds for Bitcoin after it already reached the $100,000 threshold which was one of the top things that crypto fans and believers have been looking forward to for the top coin. But it is expected that it hasmore to give, especially as when Donald Trump officially begins his second term.