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Donald Trump used to call bitcoin “a scam.” Last year, he changed his mind and promised to create a government-run bitcoin reserve. Now that reserve exists. What’s it supposed to do, and why should the US own one? The US has a strategic bitcoin reserve. Question: What’s a strategic bitcoin reserve? More important question: Why…
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Bitcoin has traded across a range over almost $20,000 this past week as investors gear up for what could be an explosive weekend. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can “uncover blockchain blockbusters poised for 1,000% plus gains!” The bitcoin price…
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March 6, 2025 AUSTIN – Lt. Gov. Dan Patrick issued this statement today following the bipartisan passage of Senate Bill 21, Establishing the Texas Bitcoin Reserve, by Sen. Charles Schwertner, R-Georgetown: “President Trump has stated unequivocally that he intends to make the United States the cryptocurrency capital of the world. His visionary leadership on…
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President Donald Trump signed an executive order Thursday establishing a government reserve of bitcoin, a key marker in the cryptocurrency’s journey towards possible mainstream acceptance. Under Trump’s new order, the U.S. government will retain the estimated 200,000 bitcoin it’s already seized in criminal and civil proceedings, according to Trump’s “crypto czar” David Sacks. “The U.S.…
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Under Senate Bill 21, the Texas Comptroller would be able to invest state funds in cryptocurrencies like Bitcoin. AUSTIN, Texas — On Thursday, the Texas Senate passed a bill to diversify the state’s cash reserves into cryptocurrency. Senate Bill 21, authored by State Sen. Charles Schwertner (R-Georgetown), creates the Texas Bitcoin Reserve. The bill to…
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An analyst who accurately called Bitcoin’s correction in Q1 of 2024 believes BTC is close to printing a local bottom based on a technical momentum indicator. Pseudonymous analyst Rekt Capital tells his 542,00 followers on the social media platform X that Bitcoin’s relative strength index (RSI) on the daily chart has plunged into oversold territory.…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Jeff Park, Head of Alpha Strategies at Bitwise, asserted on Sunday, March 9, that US President Donald Trump will hold off on further Bitcoin purchases until it reaches a price close to $60,000. Park’s remarks, shared via his official account on X,…
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Bitcoin prices continued to retreat over the weekend falling to just above $80,000 on March 10 in what one analyst has described as an “ugly start” to the week. “It looks like Bitcoin (BTC) will retest $78,000,” said BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes on X following the asset’s decline. “If it…
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8h05 ▪ 5 min read ▪ by Luc Jose A. The financial history of the United States may well be on the brink of a major turning point. As national debt reaches new heights and economic tensions multiply, a key player in the crypto sector, Michael Saylor, proposes a bold strategy: making bitcoin a national…
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Cryptocurrencies fell on Friday even after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States. The reserve will include coins already owned by the government, and the order did not specify a buying schedule or strategy for bitcoin, disappointing some in the market who’d hoped for a more…