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Crypto Trends

Billions of Bitcoin Trump – Is the United States about to bet on encryption?

Since President Donald Trump was elected, the cryptocurrency industry has been in rumors that he would announce the Bitcoin National Strategy Reserve.

Under this policy, the US government will buy bitcoin activity on behalf of its citizens, like oil and gold. Such development would really create bitcoin as a legitimate origin and may lead to a bitcoin arms race between other countries.

But while the Trump administration has clearly referred to its profit -supporting intentions, where is it currently standing in terms of bitcoin and other encrypted currencies?

What encryption currently owned by the United States government?

Whether it defines a strategic reserve for bitcoin or not, the United States government remains one of the largest bitcoin holders, with about 200,000 bitcoins.

The 5 best possesses of the American government

  1. Bitcoin 198,109 BTC (about 20.75 billion dollars)
  2. ethereum 54,753 ETH (about 178.76 million dollars)
  3. pregnancy 121,994,000 USD (about 121.99 million dollars)
  4. Bitcoin wrapped 750.722 WBTC (about $ 78.42 million)
  5. Bennes currency 40,285 BNB (about $ 27.34 million)

Data from Arkham(1)

The vast majority of bitcoin and encryption in the government comes from law enforcement attacks. It seized 94,643 BTC from the BitFinex penetration in 2016, as well as 69,370 BTC seized from the famous Road Silk Road market.

Will the US government buy more?

Despite the rumors, the Trump administration has not yet completely committed to the Bitcoin Strategic Reserve. In fact, the expected executive thing for President Trump to encrypt is much lower than this expectation.

Instead of announcing a strategic reserve that is likely to be a lot of hope, it created just a coding business that would explore the option to create a national digital asset stock. It is worth noting that the matter indicates that this stock can be derived from the current encoding of the government and not from buying an additional encrypted currency.

Of course, there is a possibility that the work squad recommends creating a strategic reserve. Other members of the government are also an active campaign for the Bitcoin Reserve.

Sinator Sinator Loms, who is supporting the Bitcoin Bill, presented the US Senate in July 2024, which called on the US government to purchase 200,000 BTC (slightly over $ 20 billion) every year for 5 years. While he has not yet received a lot of support in Congress, he may find a new rental contract for life in the Trump administration.

Trump’s executive order also canceled that the employee accounting bulletin No. 121 (SAB 121), which effectively prevented American banks from bitcoin contract.

Bitcoin in other countries

According to James Queen Kumar, Director of Community Participation at Binance Australia and New Zealand, the United States may not be the only country that is looking to store Bitcoin.

Queen Kumar told Finder: “The American strategic Bitcoin reserves will be the moment of water gatherings in the encryption industry,” Queen Kumar told Finder. “If the United States will officially get to know Bitcoin as a strategic origin, this may cause the domino effect and encourage other countries to follow its example.”

“This would enhance the role of bitcoin in the global financial system and accelerate institutional adoption. With the position of the new supportive administration, the investor’s confidence in a rise is already, and it will be great to see how this momentum constitutes the future of industry.”

Slip: This page is not a financial advice or support for digital assets, service providers or services. Digital assets are volatile and risky, and the previous performance is not a guarantee of future results. Possible regulations or policies can affect their availability and services provided. Talk to a financial professional before making a decision. The researcher or author may have an encrypted currency discussed on this page.


Thank you for your notes!

Tom Stelzer Hedchot

Tom Stelzer is a writer for Finder, a personal finance, including loans and credit, as well as loans of small companies and business. He previously worked as an independent writer covering entertainment, culture and football for publications such as Fourfourtwo and a man from many. He has a master’s degree in arts and media production and a bachelor of communications in the press from the University of Sydney Technology. See the full CV

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