Reports from credible financial institutions or government disclosures

Trump to Make U.S. World’s Crypto Capital and Establish Strategic Bitcoin Reserve Amid $1.4 Trillion Stimulus, Chinese Media Reports

Nov 7, 2024, 06:00 PM

China Central Television has reported that Donald Trump plans to position the United States as the world's leading Bitcoin and cryptocurrency capital. The announcement includes his intention to establish a strategic Bitcoin reserve, a move that could significantly impact global financial dynamics. This development comes amidst China's plans to introduce a substantial stimulus package worth 10 trillion yuan (approximately $1.4 trillion), indicating a shift in geopolitical strategies related to digital currencies. The reports emphasize the urgency of this initiative for nations globally, suggesting that Trump's proposals may redefine the landscape of cryptocurrency and its role in national reserves.