Donald Trump’s Greatest Gift to Crypto Could Be Passing the Bitcoin Act: CoinShares
With Donald Trump’s anticipated return to the White House, the crypto sector may see a major transformation, particularly with the potential adoption of the Bitcoin Act.
CoinShares’ head of research, James Butterfill, highlights that the proposed act could position Bitcoin (BTC) as a U.S. strategic reserve asset, similar to gold. Should it pass, this development could place up to 5% of Bitcoin’s total supply in U.S. national reserves, establishing greater legitimacy for the asset.
The Bitcoin Act, formally titled the Boosting Innovation, Technology, and Competitiveness Through Optimized Investment Nationwide (BITCOIN) Act, was introduced earlier this year by U.S. Senator Cynthia Lummis.
WE ARE GOING TO BUILD A STRATEGIC BITCOIN…
