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.
Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.
President-elect Donald Trump has expressed interest in building up a stockpile of bitcoin. What would that mean for taxpayers?
Part of the sell-off was catalyzed by Wednesday’s news that the Federal Reserve would not hold bitcoin in its reserve, prompting the world’s largest cryptocurrency to dip by 7
The idea of a US Bitcoin National Reserve gained traction after Trump's July 2024 proposal and November 2024 election victory. See why I am cautious about this hype.
President-elect Donald Trump has been promoting the idea of creating a ‘Strategic National Bitcoin Stockpile,’ but the purpose of such an institution remains unclear.
Bitcoin dropped after Federal Reserve Chair Jerome Powell said the central bank would cut interest rates at a slower pace in the new year.
The Federal Reserve cut rates by 25 basis points as expected, but Fed Chair Jerome Powell's hawkish press conference
Bitcoin, XRP and Dogecoin saw sharp declines following the Federal Reserve's announcement of a rate cut on Dec. 18, 2024.
US Federal Reserve Chair Jerome Powell has said that the US central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin.
The strategic Bitcoin reserve draft document in question has been making the rounds on X (formerly Twitter) with widespread approval from crypto netizens.
Bitcoin hit a record high above $107,000 Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve.