Trump Confirms U.S. Bitcoin Reserve Plans, Predicts $15 Trillion Boom and $800K Price; Day-One Executive Order Expected

Dec 15, 2024, 06:19 AM

Donald Trump has confirmed plans for a U.S. Strategic Bitcoin Reserve, which analysts predict could lead to a $15 trillion market boom. This announcement has sparked significant interest in the cryptocurrency space, with some projections suggesting that Bitcoin's price could reach as high as $800,000 if the reserve is established. Reports indicate that Trump may issue an executive order on his first day in office to facilitate the creation of this reserve. The initiative is expected to involve substantial purchases of Bitcoin, with estimates suggesting a potential $20 billion acquisition in 2025. The announcement has been widely reported, with various sources noting the implications for Bitcoin's market capitalization, which could surpass that of gold's $18 trillion market cap.