Jumat, 15 November 2024

Trump could put billions into US Bitcoin reserve without Congress approval

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Trump could put billions into US Bitcoin reserve without Congress approval

David Bailey suggests over $10 billion could be put into a reserve before needing to get Congress to approve funding.

CryptoSlate

Nov 15

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Happy Friday!

Exciting developments in the cryptocurrency world are unfolding as President-elect Donald Trump positions Bitcoin at the forefront of his economic agenda. Trump could potentially establish a national Bitcoin reserve, allowing for over $10 billion in investments without congressional approval, a move that has sparked significant interest among crypto advocates. Meanwhile, Pennsylvania has introduced legislation to allocate up to 10% of its $7 billion state fund into Bitcoin, aiming to combat inflation and diversify investments. Societe Generale is also making waves by expanding its stablecoin offerings to the XRP Ledger, enhancing adoption across platforms. Additionally, a VanEck executive predicts that institutional interest could drive Bitcoin's price to an astonishing $180,000 within a year. Stay tuned for more insights into these pivotal stories!

The global crypto market cap is $2.94 trillion, with a 24-hour volume of $204.73 billion. The price of Bitcoin is $89,143.26, and BTC market dominance is 60.0%. The price of Ethereum is $3,042.40, and ETH market dominance is 12.4%. The Crypto Fear & Greed Index is currently Greed (80).