US President-elect Trump Will Promote Strategic Bitcoin Reserve In 2025
Key Points:
- President-elect Trump strongly supported cryptocurrency during a visit to the New York Stock Exchange.
- Trump hinted at creating a national strategic Bitcoin reserve and appointed a “crypto czar” to advance the industry.
On Thursday, President-elect Trump was decidedly upbeat as he visited the New York Stock Exchange, where he rang the opening bell to an exuberant gathering of traders and business leaders.
Read more: President-elect Donald Trump Congratulates Bitcoin Holders On Surpassing $100K
President-elect Trump Promises U.S. Leadership in Cryptocurrency Growth
President-elect Trump promised an economic boom and said that he will make the United States a leader in cryptocurrency in his upcoming term.
“We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,” Trump told CNBC’s Jim Cramer.
Trump also suggested the establishment of a national strategic Bitcoin reserve, one of the radical changes in the approach to digital currencies that the United States is making.
Trump’s sudden embrace of cryptocurrencies puts him in direct contrast with the scepticism from the current administration, which has often been at odds with the digital currency industry. His campaign was heavily funded by the crypto sector, to which he gave kudos for his re-election.
Bitcoin Surges as Trump Backs Digital Currency Innovation
Trump’s thinking about cryptocurrency has shifted over the last year from critic to fan, putting a “crypto czar” in his administration.
The pro-crypto agenda he announced, including a crypto-friendly chair for the Securities and Exchange Commission, has revitalized the markets, sending Bitcoin’s price through the roof past $100,000 and fueling the rallies for other digital tokens.
Eric Trump, son of the president-elect, said it was “amazing” to see all this develop and branded his father as the “most pro-crypto president in the history of America.” Addressing the crowd, Eric emphasized Trump’s commitment to promoting innovation in the industry without over-regulation.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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US President-elect Trump Will Promote Strategic Bitcoin Reserve In 2025
Key Points:
- President-elect Trump strongly supported cryptocurrency during a visit to the New York Stock Exchange.
- Trump hinted at creating a national strategic Bitcoin reserve and appointed a “crypto czar” to advance the industry.
On Thursday, President-elect Trump was decidedly upbeat as he visited the New York Stock Exchange, where he rang the opening bell to an exuberant gathering of traders and business leaders.
Read more: President-elect Donald Trump Congratulates Bitcoin Holders On Surpassing $100K
President-elect Trump Promises U.S. Leadership in Cryptocurrency Growth
President-elect Trump promised an economic boom and said that he will make the United States a leader in cryptocurrency in his upcoming term.
“We’re gonna do something great with crypto because we don’t want China, or anybody else … but others are embracing it, and we want to be ahead,” Trump told CNBC’s Jim Cramer.
Trump also suggested the establishment of a national strategic Bitcoin reserve, one of the radical changes in the approach to digital currencies that the United States is making.
Trump’s sudden embrace of cryptocurrencies puts him in direct contrast with the scepticism from the current administration, which has often been at odds with the digital currency industry. His campaign was heavily funded by the crypto sector, to which he gave kudos for his re-election.
Bitcoin Surges as Trump Backs Digital Currency Innovation
Trump’s thinking about cryptocurrency has shifted over the last year from critic to fan, putting a “crypto czar” in his administration.
The pro-crypto agenda he announced, including a crypto-friendly chair for the Securities and Exchange Commission, has revitalized the markets, sending Bitcoin’s price through the roof past $100,000 and fueling the rallies for other digital tokens.
Eric Trump, son of the president-elect, said it was “amazing” to see all this develop and branded his father as the “most pro-crypto president in the history of America.” Addressing the crowd, Eric emphasized Trump’s commitment to promoting innovation in the industry without over-regulation.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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US President-elect Trump Will Promote Strategic Bitcoin Reserve In 2025
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