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.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
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.
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.
Bitcoin reacted by hitting an all-time high of $89,800, driven by optimism over Trump’s perceived crypto-friendly stance. The year concluded with fireworks in December as Bitcoin broke through the psychological barrier of $100,000 to hit an all-time high of $108,268.45 on December 17 according to to CoinMarketCap.
Russia has begun using Bitcoin and other digital currencies for international trade. This move follows legislative changes aimed at countering Western sanctions. The shift aligns with US President Joe
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.
Russia wants to beat America to Bitcoin. The plan? A national Bitcoin reserve. If Vladimir Putin pulls this off before Donald Trump’s America, it won’t just
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.