As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep.
Trump’s ‘made in USA bitcoin’ vow not based ‘in reality’ - Trump has promised to make US the ‘crypto capital of the planet’
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.
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?
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.
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
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.
Cryptocurrency markets have soared since Donald Trump won the U.S. presidential election in November. The asset climbed from $69,374 on Election Day, hitting as high as $106,490 last week, largely accelerated by Trump's win and his pledge to make the country "the crypto capital of the planet."
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
Analysts are bullish that demand from spot bitcoin ETFs and the possible adoption of a U.S. bitcoin reserve could help bitcoin to new highs in 2025.