Donald Trump has made his commitment to Bitcoin and cryptocurrencies this year as a leak revealed that Russia could be on the verge of starting a Bitcoin cold war.
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Bitcoin prices have skyrocketed to over $100,000 per Bitcoin following Trump’s election in November, with the CEO of a major Wall Street giant admitting to Bitcoin “FOMO.”
As an influential billionaire now warns of a looming “debt crisis” that could collapse the US dollar, Trump has confirmed he plans to create a strategic US Bitcoin reserve.
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Donald Trump, the US President-elect, has strongly supported Bitcoin and cryptocurrencies this year, giving them a huge boost … [+]
“We’re going to do something big with crypto because we don’t want China or anyone else… but others accept it and we want to be ahead,” Trump said CNBC.
“Yes, I think so,” Trump replied when asked whether the US would create a strategic Bitcoin reserve similar to its oil reserves.
In July, then-Republican candidate Donald Trump pledged to create a “strategic national Bitcoin reserve” during an appearance at the 2024 Bitcoin Conference and predicted that Bitcoin could eclipse gold’s $16 trillion market cap .
Republican Senator Cynthia Lummis has introduced a bill in Congress entitled “Boosting Innovation,…”
