‘Tipping Point’—Crypto Braced For $280 Trillion Price Bitcoin Reserve After Trump Picks
12/23 update below. This post was originally published on December 22
Donald Trump, the U.S. president-elect, has helped the bitcoin price surge to record highs this year with plans to establish a U.S. bitcoin strategic reserve.
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The bitcoin price has doubled since its summer lows, soaring past $100,000 per bitcoin as the Federal Reserve is warned its “biggest nightmare” is coming true.
Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a “capital markets renaissance fueled” by bitcoin to “unlock trillions in wealth” by MicroStrategy founder Michael Saylor.
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