Bitcoin As Strategic Reserve: Long-Term Implication On Government & Retail Participation
1 day, 6 hours ago

Bitcoin As Strategic Reserve: Long-Term Implication On Government & Retail Participation

ABP News  

By Roshan Aslam Since Donald Trump returned to the Oval Office, the growing emphasis on Bitcoin by the US has been replicated throughout the world. This deployment of a Bitcoin strategic reserve is a significant milestone, as its impact goes beyond the usual school of thought, influencing governments, central banks and retail traders alike. In a nutshell, the creation of the Bitcoin strategic reserve challenges the status quo of conventional assets like gold, and as Trump would put it, retail participation is expected to witness a significant uptick in adoption. With one of the highest Bitcoin adoption rates in the world and hosting one of the largest youth populations in the world, India is positioned to undertake a leadership role in shaping government and retail participation in Bitcoin, especially with efforts to create legislation to support it. Impact On Retail Participation One of the major roadblocks to significant retail participation in Bitcoin around the world has been its lack of status as a legal tender.

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History of this topic

Decoding Trump’s Strategic Bitcoin Reserve: How Will It Work?
1 week, 1 day ago

Decoding Trump’s Strategic Bitcoin Reserve: How Will It Work?

ABP News  

In a move reminiscent of Roosevelt’s strategic gold reserves during the Great Depression, US President Donald Trump’s Strategic Bitcoin Reserve plan has set the crypto space abuzz. Technical Insights: Structuring The Reserve A strategic Bitcoin reserve would require meticulous technical management like multi-signature wallets, cold storage solutions, and advanced blockchain analytics to ensure security and transparency. Geopolitical Chessboard: Implications For …

Trump's bitcoin reserve a 'digital Fort Knox'
1 week, 3 days ago

Trump's bitcoin reserve a 'digital Fort Knox'

Raw Story  

The creation of a "Strategic Bitcoin Reserve" in the United States is further proof of President Donald Trump's support for the cryptocurrency sector. Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to "a digital Fort Knox", comparing it to the stockpiling of gold bars at the US military …

U.S. creates strategic bitcoin reserve worth $17 billion
1 week, 3 days ago

U.S. creates strategic bitcoin reserve worth $17 billion

Firstpost  

Trump issued an executive order establishing the reserve earlier this month, comparing it to “a digital Fort Knox” and the stockpiling of gold bars at the US military facility Representational image. Reuters The establishment of a “Strategic Bitcoin Reserve” in the United States is more evidence of President Donald Trump’s support for the cryptocurrency industry. Trump issued an executive order …

Trump says Biden ’foolish’ to sell Bitcoin, his govt taking ’historic’ decision to make US crypto capital - key points
Trending News
2 weeks, 4 days ago

Trump says Biden ’foolish’ to sell Bitcoin, his govt taking ’historic’ decision to make US crypto capital - key points

Live Mint  

US President Donald Trump on Friday said that the Biden administration had sold a hefty amount of Bitcoin and called it a ‘foolish’ decision. “Last year, I promised to make America the Bitcoin superpower of the world and the crypto capital of the planet, and we're taking historic action to deliver on that promise” he said. The summit included crypto …

Crypto Can’t Stop Fighting Itself
3 weeks ago

Crypto Can’t Stop Fighting Itself

Politico  

“They all hate each other,” Carter said, adding: “But they hate outsiders more.” Hopes have surged that crypto-friendly legislation can make it through Congress after years of negotiations, as prominent firms push for rules tailored more specifically to digital assets. Paolo Ardoino, whose company Tether issues the world’s largest stablecoin, posted on X that the draft legislation was an effort …

Bitcoin Reserves: Following 'Trump Bump', How BTC Can Transform Global Economy
2 months ago

Bitcoin Reserves: Following 'Trump Bump', How BTC Can Transform Global Economy

ABP News  

By Roshan Aslam Bitcoin’s bullish momentum following Donald Trump’s return to the Oval Office drove its price past the psychological $100,000 obstacle. In the USA, the Bitcoin Act of 2024 has provided the initial groundwork for strategic Bitcoin reserves to come into play soon — bolstering Bitcoin’s journey for the long term. The creation of strategic Bitcoin reserves not only …

Governments and banks once mocked Bitcoin. Now they want in on it
3 months ago

Governments and banks once mocked Bitcoin. Now they want in on it

Al Jazeera  

After topping $100,000, Bitcoin supporters see the cryptocurrency soaring even higher. Despite once labelling Bitcoin “a scam”, Trump has emerged as arguably the world’s most powerful advocate for the asset. “There’s now this growing feeling that the 21st century will be the century of Bitcoin.” Keiser spotted Bitcoin’s potential early on and advised people to buy it when its value …

Sustaining BTC Push: Here’s What Can Support Bitcoin’s Unprecedented Growth In 2025
3 months, 1 week ago

Sustaining BTC Push: Here’s What Can Support Bitcoin’s Unprecedented Growth In 2025

ABP News  

December 6, 2024, was the most memorable milestone for Bitcoin when the world’s largest cryptocurrency crossed the $100,000 level for the first time during its existence. Around the world, even countries like Bhutan are having a major governmental participation in this new-age asset, whereas established world powers like Russia are also looking to develop a crypto reserve — an aspect …

Bitcoin reflects a fast changing global financial system landscape
3 months, 2 weeks ago

Bitcoin reflects a fast changing global financial system landscape

China Daily  

The price of Bitcoin has exceeded $100,000 recently. The development of the financial internet model will have an important impact on the cryptocurrency market and the global financial infrastructure. The cryptocurrency market represented by Bitcoin will become an important part of the global financial system, and Bitcoin's market value will continue to expand with the development of the entire market. …

Bitcoin around $90,000 after 3% drop as traders assess Donald Trump’s impact on crypto
4 months, 1 week ago

Bitcoin around $90,000 after 3% drop as traders assess Donald Trump’s impact on crypto

Live Mint  

Bitcoin, the world's largest cryptocurrency, is hovering around the $90,000 range after it saw its biggest drop this weekend since the 2024 US presidential elections concluded, according to a Bloomberg report. Traders in Assessing Mode IG Australia Pty Market Analyst Tony Sycamore wrote in a note that Bitcoin became “overheated” after the US election results. The drop was due to …

Bitcoin reaches record high amidst investor interest, global market dynamics
1 year ago

Bitcoin reaches record high amidst investor interest, global market dynamics

India TV News  

Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. Market resilience and economic outlook Bitcoin's remarkable climb, witnessing a surge of nearly 160% since October and a notable 44% increase in February alone, reflects its resilience amidst challenging market conditions. Global market dynamics The cryptocurrency market has also received …

Explained | Why are so many investors rallying behind bitcoin?
3 years, 5 months ago

Explained | Why are so many investors rallying behind bitcoin?

The Hindu  

The story so far: Bitcoin, the most popular private cryptocurrency in the world, has been rallying this year, hitting an all-time high of over $66,000 last week. Bitcoin enthusiasts see the rise in the price as a validation of their belief that private cryptocurrencies are a viable alternative to fiat currencies such as the dollar and the rupee. Their core …

This is how the bitcoin bubble will burst
4 years, 2 months ago

This is how the bitcoin bubble will burst

Wired  

Getty Images / WIRED Bitcoin is going to the Moon – again. Back in 2017, bitcoin – and crypto at large – grabbed headlines as the fledgling sector ballooned into a distinctive bubble shape. Fuelling that rise was a frenzy surrounding a new cryptocurrency-based crowdfunding method called initial coin offering or ICO, in which self-styled startups funded their future projects …

Catastrophe or Virtual Gold? Bitcoin's Meteoric Rise Sparks Fresh Debate Amid Pandemic
4 years, 4 months ago

Catastrophe or Virtual Gold? Bitcoin's Meteoric Rise Sparks Fresh Debate Amid Pandemic

News 18  

Bitcoin’s rally above $15,000 has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic. “The migration toward digital payments and digital representations of value continues to accelerate, driven by the Covid-19 pandemic and the increased interest in digital currencies from central banks and consumers,” the company said. …

Rapid bitcoin rally cheers crypto market investors, others wary
5 years, 10 months ago

Rapid bitcoin rally cheers crypto market investors, others wary

Firstpost  

Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution. Some traders said investors moved money to bitcoin, treating it as a …

A timely warning from the feds: Bitcoins are the ‘Wild West’
10 years, 7 months ago

A timely warning from the feds: Bitcoins are the ‘Wild West’

LA Times  

The Consumer Financial Protection Bureau, that whipping boy of big-business conservatives everywhere, demonstrated its value to the average consumer this week by explaining the pitfalls of bitcoins and other such “virtual currencies.” The key takeaway, in the succinct words of CFPB Director Richard Cordray: “Virtual currencies are not backed by any government or central bank, and at this point consumers …

CITY FOCUS: Is Bitcoin the currency of the future?
11 years, 3 months ago

CITY FOCUS: Is Bitcoin the currency of the future?

Daily Mail  

Bitcoin: the currency of the future and the new gold or just the latest internet bubble waiting to pop? The currency is not recognised by the UK Government To its advocates, Bitcoin is a currency for an era of online trading without global borders, and one mercifully free of fee-gouging bankers, manipulative forex dealers, politicians and even central banks. ‘I …

Bitcoins: Widely known and widely misunderstood
11 years, 4 months ago

Bitcoins: Widely known and widely misunderstood

LA Times  

Back in the 1980s, when I lived in Nairobi, foreign residents had a simple way of obtaining Kenyan shillings. After observing that the offering’s registration statement bristled with risk factors, the august Financial Times reported, “something tells us this is one Winklevoss-innovation Mark Zuckerberg won’t be stealing.” As for the creation of an independent world currency outside the control of …

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