Bitcoin Reserve Strategy to Be Announced by US President Trump

Although the marketplace expressed interest implicit the announcement of an overarching cryptocurrency reserve, a US Bitcoin Reserve strategy is inactive expected to beryllium unveiled by President Donald Trump. Indeed, a caller study states that the strategy is poised to beryllium a main announcement astatine the White House Crypto Summit taking spot connected March 7th.

There are galore experts who person expressed interest astir the state expanding its reserve beyond Bitcoin. Speaking to CNBC, Michael Saylor projected BTC to yet scope a $200 trillion marketplace cap. Moreover, helium noted that concern successful the plus unsocial could lick the nation’s fiscal indebtedness crisis.

Source: NY Post

Also Read: Mexican Billionaire Ricardo Salinas Allocates 70% of Portfolio to Bitcoin

US Bitcoin Reserve Strategy to Headline White House Crypto Summit

Since his instrumentality to the White House, Donald Trump has sought to overhaul the nation’s crypto policy. From the improvement of a crypto task unit to the announcement of a caller integer asset-centered acme astatine the White House, those efforts person been undeniable.

Now helium is acceptable to proceed that. On the heels of his crypto reserve announcement, a US Bitcoin reserve strategy is inactive expected to beryllium unveiled by President Trump. Moreover, it is poised to header the White House Crypto Summit, according to a study from The Pavlovic.

Source: The New York Times

Also Read: El Salvador Increases Bitcoin Holdings, How Much BTC Does It Own Now?

US Commerce Secretary Howard Lutnick confirmed arsenic overmuch according to the report. He noted that the president volition outline his expectations for the cryptocurrency manufacture nether his administration. Moreover, helium volition see a BTC reserve strategy. Additionally, helium volition sermon much wide regulatory plans for the plus class.

“A Bitcoin strategical reserve is thing the President’s funny in,” Lutnick said. “He spoke astir it each during the run trail, and I deliberation you’re going to spot it executed Friday,” helium added. If it comes to fruition, it could beryllium immense for Bitcoin. The starring crypto has fallen since reaching six figures successful precocious 2024. However, galore expect that to crook astir soon.