During the 2024 US presidential election, Bitcoin took center stage. Trump, who expressed a pro-crypto stance, won the election, and since then, Bitcoin has set new all-time highs. Trump proposed to establish a Bitcoin Reserve to fight inflation. The price of Bitcoin increased from around $75,000 to $97,000 after Trump’s victory.
However, Ukrainian President Zelensky is against the Bitcoin Reserve idea. Trump’s Bitcoin Reserve proposal is to safeguard the US economy against inflation and position the nation as a leader in digital asset innovation. Zelensky has expressed frustration over the Bitcoin Reserve development and questioned why countries are channeling funds into it rather than supporting Ukraine in its conflict with Russia.
With Trump in office, there’s a possibility of stopping aid to Ukraine and investing more in the Bitcoin Reserve. Trump’s stance on Ukraine and NATO could complicate international efforts to resolve the conflict and affect global economic stability.
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<p>The post Crypto Conundrum: Trump’s Bitcoin Reserve Proposal Sparks Outrage & Fear in Ukraine first appeared on CoinBuzzFeed.</p>
