Opinion: Trump's Bitcoin reserve plan could become a watershed in the cryptocurrency market
Trump publicly supports the Bitcoin reserve plan, promoting the US government to hoard Bitcoin as a strategic asset. The plan has received support from political figures including Porter and Lummis, and has attracted bipartisan attention. Trump's support gives this once marginalized concept political momentum and becomes a watershed moment in the cryptocurrency market.
Democratic congressmen from California and Republican senators from Wyoming propose to include Bitcoin in US reserve assets, partly relying on US gold reserves. However, critics believe that this may strengthen the dominant position of American finance and pose challenges to the decentralized concept of Bitcoin. Despite this, supporters believe that this move will help deal with debt crises and promote global financial innovation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise predicts that Bitcoin will break through $200,000 by the end of 2025
BGB breaks through 7 USDT, 24H increase of 22.48%
Momo AI (MTOS) will go live on the Bitget pre-market trading platform at 16:00 tomorrow