Transaction URL: https://blockchain.com/btc/tx/1f33796b1d89212153e4a24501141ffcf3bcf5de318231451e661c0da2a55624
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Yesterday, President Trump announced the long awaited Strategic “Bitcoin” Reserve on Truth Social, and many in the space are pissed.
First, the Reserve appears to be far from Bitcoin only. “They’re doing DEI for Charles Hoskinson,” former CoinDesk Chief Insights Columnist David Z. Morris wrote on X – Hoskinson’s Cardano (ADA) was announced to be included in the Reserve. “Cut cancer research to buy Cardano,“ another user posted.
Others take issue with possible investment interests surrounding the Trump administration: Trump’s announcement is “a new level of corruption,” wrote communications strategist Derek Martin, detailing David Sack’s investment in…
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President Donald Trump has directed his crypto working group to establish a Crypto Strategic Reserve including major cryptocurrencies such as Bitcoin Ethereum XRP Solana and Cardano. Following this announcement Bitcoin’s value spiked reaching nearly $95000 before settling at around $93000. Concurrent gains in Cardano and XRP were recorded at 40% and 16% respectively showing a bullish trend in the crypto market.
Geoff Kendrick from Standard Chartered emphasized the significance of Trump’s initiative which aims to integrate cryptocurrencies like Bitcoin into stable global investment portfolios. He predicted Bitcoin could hit $500000 by 2028 fueled by increased investor access and its emerging role as a hedge against traditional financial uncertainties.
Ahead of the White House Crypto Summit expectations for substantial policy enhancements have surged. Kendrick highlighted Trump’s strategy could inspire similar state-level reserves in the U.S. potentially matching federal holdings with an estimated 200000 BTC. This strategic move by Trump signals a robust support framework for cryptocurrencies enhancing market stability and investor confidence.
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It’s hard to deny that crypto is having a moment, especially when the President of the United States posts about crypto on a Sunday morning.
While that’s currently the bullish force pushing us forward to start the week — after a less than stellar time last week — it’s hard to say whether the positive momentum is enough to last.
Here’s the good thing though: We don’t necessarily need to just rely on posts from world leaders to legitimize the space, we’re seeing that happen in a myriad of ways.
Take PayPal, for example.
“I think that the ultimate goal is that whatever…
Read more on Blockworks
In a digital assets landscape cluttered with complexity, Aubrey Jesseau, CEO and founder of Beaver Bitcoin, has one clear goal: to make Bitcoin simple, secure, and accessible for Canadians.
Launched in July 2022 from Toronto, Beaver Bitcoin isn’t a typical exchange, it’s a Bitcoin-only, non-custodial platform that sends coins directly to your wallet for a flat 1.5% fee.
No hidden spreads, no middlemen, just bitcoin in your hands. Jesseau’s path from crypto dabbler to Bitcoin evangelist is a tale of curiosity, revelation, and determination, fueled by a mission to free Canadians from a sluggish, fax-machine-driven financial system.
Learn more at… Read more on bitcoinnews