An imaginable strategic reserve of the US Bitcoin. Uu. He will have to wait for at least a little more, since President Donald Trump did not face the subject during his inauguration speech on Monday afternoon.
Adding to this disappointment, a report that appeared in the GOP Congressional Priorities comes with any mention of Bitcoin or Crypto.
Already in a mad dash up and down in recent days, the value of Bitcoin (BTC) lowered the discourse, now testing the $100,000 point and down compared to an afternoon peak above $109,000. .
While management further chose to focus on the negative in its relentless attacks on crypto over the years, Trump has promised, and it appears we decided to put into effect, policies encompassing what will eventually become a star. transformer generation.
Among his moves prior to today, Trump appointed venture capitalist and former PayPal COO David Sacks as the White House’s so-called “A.I. & Crypto Czar.” He has also nominated longtime D.C. veteran and crypto advocate Paul Atkins to lead the Securities and Exchange Commission.
Trump’s embrace of cryptocurrencies, at least for some, has not been error-free. Shortly over the weekend, the president sparked a speculative frenzy with the Friday night launch of Trump Memecoin, which temporarily followed a memecoin linked to his wife Melania.
“It’s absurd that he does,” said Nic Carter of investment firm Crypto Castle Island Ventures and a leading Trump supporter. “They are weighing new depths of idiocy with the publication of them. “
A verification of the polymeket shows that the chances of betting on a strategic Bitcoin reserve created the first hundred days of Trump’s term fell to forty-five%, as opposed to a 60% summit before the day.
Stephen is CoinDesk’s managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania’s Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
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