• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

US Companies Lead in Bitcoin Reserves, Increasing by 65%

user avatar

by Giorgi Kostiuk

9 months ago

US companies have significantly boosted their Bitcoin reserves, outpacing global counterparts. Experts attribute this to the potential return of Donald Trump to the presidency and his proposal for a national strategic Bitcoin reserve.

Impact of Trump's Policies on Bitcoin

The speculation around Donald Trump potentially returning to the presidency and his initiative for a national strategic Bitcoin reserve have had a positive impact on the cryptocurrency market, driving Bitcoin's price to an unprecedented high of $108,135.

Other Nations' Reactions

The US initiative to form a strategic Bitcoin reserve has sparked interest from other nations like Russia and Poland, who are considering similar strategies. However, Professor Steve Hanke from Johns Hopkins University has expressed skepticism about this trend, suggesting that Bitcoin does not generate jobs or stimulate innovation.

Current State of Bitcoin Market

Currently, Bitcoin is priced at $94,271, showing a slight decline of 2.21% in the past 24 hours. MicroStrategy remains the largest institutional investor, increasing its BTC holdings to 447,470.

Bitcoin reserves in the US have significantly increased, driven by Donald Trump's potential policies, while other countries consider their strategies amidst economic feasibility criticisms.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

DAT-Linked Stocks Plummet, Resulting in Billions in Losses

chest

Following the announcement of investigations into Digital Asset Treasury companies, over 200 DAT-linked stocks have experienced significant declines, leading to billions in losses for retail investors.

user avatarMohamed Farouk

BlockDAG's Partnerships Expand Its Reach

chest

BlockDAG is bridging blockchain with mainstream entertainment through strategic partnerships.

user avatarBayarjavkhlan Ganbaatar

AP2 Initiative Boosts Institutional Interest in Stablecoins

chest

The AP2 initiative by Coinbase and Google aims to boost the use of stablecoins like USDC, attracting institutional interest and enhancing crypto transaction security.

user avatarElias Mukuru

Coinbase and Google Introduce AP2 for AI-Driven Crypto Payments

chest

Coinbase and Google have launched the Agent Payments Protocol (AP2) to automate AI-driven crypto transactions, integrating with Ethereum and stablecoin networks.

user avatarDiego Alvarez

DraftKings and Polymarket Join Forces to Revolutionize Prediction Markets

chest

DraftKings partners with Polymarket to launch a new prediction market platform, marking a significant entry into crypto-enabled betting.

user avatarKenji Takahashi

Solana Whales Accumulate Amid Price Drop

chest

The recent price drop of Solana (SOL) has attracted significant institutional attention, with whales accumulating over 540,000 SOL worth 106 million in a single day.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.