• Wealthcamp
  • Posts
  • Will the US Adopt BTC as a Strategic Reserve Asset?

Will the US Adopt BTC as a Strategic Reserve Asset?

And, Is Bitcoin Gearing Up for a New All Time High?

Author

Justin
July 19, 2024 • Read Time: 6 minutes

I’ve been a holder of Bitcoin since 2017, but this is something I thought I would never see…

Rumors from credible sources are starting to swirl about Donald Trump’s potential announcement to create a U.S. Bitcoin strategic reserve during the 2024 Bitcoin Conference in Nashville. You can watch the coverage here next week.

Is the US taking a bold step toward cementing Bitcoin as digital gold? Or is this just wishful thinking by Bitcoin enthusiasts?

Let's dive in!

  • Trump might announce Bitcoin as a U.S. strategic reserve asset at the 2024 Bitcoin Conference. — Read More

  • Polymarket bettors predict CrowdStrike outage will be fixed by Friday night, dismiss likelihood of hack. — Read More

  • Tyler and Cameron Winklevoss donated $1 million in Bitcoin to support challenger John Deaton against Senator Elizabeth Warren. — Read More

  • Bettors on Polymarket now overwhelmingly predict Kamala Harris will be the Democratic candidate as Biden's second-term prospects drop sharply. — Read More

  • Trump considers Bitcoin critic Jamie Dimon for Treasury Secretary role. — Read More

BlackRock's BTC ETF Attracts Millions Despite Bearish Sentiment

Investors keep pouring funds into BlackRock's Bitcoin ETF despite a decline in positive social media commentary.

Bitcoin 'crazy tight' Bollinger Bands point to $190K BTC price target

Bitcoin's Bollinger Bands indicate a potential price surge to $190,000, according to new analysis.

Mt. Gox creditors hold onto Bitcoin payouts, Reddit poll shows

Mt. Gox creditors are opting to hold their Bitcoin payouts, according to a Reddit poll.

Bitwise CIO Predicts Ethereum Surge to $5,000 Post ETF Launch

Bitwise CIO Matt Hougan believes Ethereum could reach $5,000 following the launch of Ethereum ETFs.

Asset Managers Reveal Fees for Spot Ethereum ETFs As Launch Nears

BlackRock, Franklin Templeton, and others disclose management fees for upcoming Ethereum ETFs as SEC approval looms.

Judge Cuts Ethereum Developer Virgil Griffith's Sentence by Seven Months

Virgil Griffith's prison sentence reduced by seven months due to prison challenges and infractions, while US continues crackdown on crypto mixers.

SOL Eyes Further Gains After Jump Above $155

Solana price advances above key resistance levels, eyeing further gains beyond $165.

Injective (INJ) Soars 32% Amid Bullish Crypto Market

INJ surges 32% in a week, with analysts predicting a potential rise to $380.

Mantle Network's MNT Token Jumps 12% on Whale Buying

MNT token of Mantle Network surges 12% amid whale accumulation, hitting $0.8578 with increased trading volume.

Polygon Mainnet Upgrade Set for September 4, 2024

Polygon will transition from MATIC to POL as its native token on September 4, 2024.

Turning Automation Foes into Stakeholders with DePIN

DePIN and machine RWAs aim to make everyone stakeholders in the advancing machine economy, combating job losses from automation.

Erik Voorhees' Venice AI Adds Real-Time Search

Voorhees' Venice AI offers real-time search and citation links for uncensored, private queries.

DePINs Revolutionizing Digital Infrastructure

DePIN tech attracts billions in VC investments, with market projected to hit $3.5 trillion by 2028.

Standard Chartered, Animoca Join HKMA Stablecoin Sandbox

Standard Chartered and four others join HKMA's stablecoin sandbox, with legislation anticipated later this year.

Greece Set to Tax and Regulate Cryptocurrencies by 2025

Greece plans to tax crypto gains at 15% and implement a regulatory framework by January 2025.

SEC's Hester Peirce Open to Revisiting Ethereum Staking for ETFs

Hester Peirce suggests the SEC may reconsider allowing staking in Ethereum ETF applications in the future.

BlockFi to Start Client Repayments

BlockFi begins first interim client repayments in July via Coinbase.