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What will be the impact on Bitcoin's market price following the Strategic Bitcoin Reserve announcement by February 2025?
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Donald Trump•Strategic Bitcoin Reserve•Order•Bitcoin Policy Institute•Bitcoin•Exchange Stabilization Fund•Trump•Dollar Stabilization Act
Resolution / Starting Odds
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Bitcoin market data from major exchanges
Story
Trump to Sign Executive Order from Bitcoin Policy Institute for Strategic Bitcoin Reserve on Day One
Dec 17, 2024, 07:55 PM
President-elect Donald Trump is poised to implement a Strategic Bitcoin Reserve through an Executive Order on his first day in office. The Bitcoin Policy Institute has drafted this order, which aims to designate Bitcoin as a strategic reserve asset under the existing Exchange Stabilization Fund framework. This initiative has garnered attention as it aligns with Trump's potential economic strategies, particularly the proposed 'Dollar Stabilization Act.' The draft is ready for Trump's signature, with various stakeholders urging him to act swiftly to solidify Bitcoin's status in the U.S. financial system. The move is seen as a significant step towards integrating cryptocurrency into national economic policy.
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