@onealfa "The world's leading cryptocurrency rose nearly 5% ..."

in #leofinance • 10 days ago

The world's leading cryptocurrency rose nearly 5% following Trump's latest comments, reaching a new record above $107,000 on Monday morning.
The incoming president first proposed a bitcoin federal reserve during an appearance at the Bitcoin 2024 conference in July, promising to make the US the bitcoin superpower" of the world.
Speaking to CNBC on Sunday, Trump suggested his administration would focus on overhauling regulation and introduce favourable policies that would boost crypto
"We're gonna do something great with crypto because we don't want China, or anybody else .. but others are embracing it, and we want to be ahead," Trump told CNBC, adding that his plans involved a strategic reserve similar to the US's oil reserve.
Other countries have also been considering cryptocurrency strategic reserves.

10 days ago in #leofinance by
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     10 days ago 

    I guess it would be a good time to buy some, yes?

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         10 days ago 

        I see that Bitcoin is breaking ATH after ATH. I guess the bet with a friend for a beer that $BTC will reach $120k until middle of 2024, might happen sooner rather than later.

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           10 days ago 

          Russian President Vladimir Putin earlier this month questioned the need to hold state reserves in foreign currencies, saying that domestic investment of such reserves was more attractive.
          Putin said the current US administration was undermining the role of the US dollar as the reserve currency in the global economy by using it for political purposes, forcing many countries to turn to alternative assets, including cryptocurrencies.
          "For example, bitcoin, who can prohibit it? No one," Puti said.
          There are skeptics though, with FED edera Chair Jerome Powel likening bitcoin to gold earlier this month
          "People are not using it as a form of payment, or as a store of value. It's highly volatile, it's not a competitor fo the dollar."
          BTC has surged more than 50% since the election on 5 Nov that saw Trump elected along with many other pro-crypto candidates.
          The price surge has pushed bitcoin's market cap above $2T, overall cryptocurrency market is now approaching $4T

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               10 days ago 

              Good day!!!

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