Bitcoin and crypto prices have swung wildly over the last week as U.S. president Donald Trump begins his second term—teasing huge crypto plans.
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The value of Bitcoin has recovered $ 100,000 consistent with Bitcoin, while investors expect the so -called “Dieu Bougie” to be about to reach the market.
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“If Ross Ulbricht got the pardon, we are definitely getting the strategic bitcoin reserve,” crypto YouTuber and influencer Anthony Pompliano posted to X. “Trump will create history with the stroke of his pen.”
In December, Trump confirmed he plans to establish a U.S. bitcoin strategic reserve. “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.
“Yes, I think so,” Trump said in reaction to a question about whether the United States will create a Bitcoin strategic reserve for its oil reserve.
In July, Republican candidate Donald Trump promised to create a “National Strategic Bitcoin Reserve” and predicted that Bitcoin may eclipse the $16 trillion market cap and appearance at the Bitcoin 2024 conference.
Ulbricht, the founder of the Dark Internet marketplace Silk Road, nicknamed Dread Pirate Roberts, encouraged through the film The Princess Bride and who helped popularize the use of Bitcoin for online transactions, granted a full pardon through Trump , respecting a crusade promise.
After the announcement, Tesla’s billionaire and Trump advisor, Elon Musk, said he had asked if Roger Ver, an influential developer of Bitcoin and cryptocurrencies, could get a forgiveness for tax evasion charges.
The chances of Trump to create an inventory of American bitcoins on the highest polymarket prediction platform after Ulbricht’s grace, which served several perpetuity prayers the option of probation after his sentence in 2015.
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The Bitcoin value has increased beyond the year, achieving a new top of all time this week after it shuddered. [] The inauguration of Donald Trump.
“Odds for the [strategic bitcoin reserve] just skyrocketed, it’s going to happen,” David Bailey, the chief executive of Bitcoin Magazine publisher Bitcoin Inc who organized the bitcoin conference Trump spoke at last year, posted to X.
Trump’s launch of a controversial and widely-mocked memecoin over the weekend had somewhat dampened the spirits of the bitcoin and crypto community ahead of his inauguration on Monday, however, Ulbricht’s pardon has reenergized bullish bitcoin speculators who believe Trump will create a crypto “golden age.”
“Welcome home, Ross. The Bitcoiners are with you,” Jack Mallers, manager of Bitcoin Wallet Company Strike, posted on X.
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