The clash between Wall Street and the Federal Reserve has caused Bitcoin to surge by $8,000, and Tesla's stock price has risen by 7%. In 2025, will the cryptocurrency industry be able to drive the mainstream adoption of tokens?
During his campaign, Trump vowed to make America the 'crypto capital' and a 'Bitcoin superpower', a bold statement that triggered a global cryptocurrency trading frenzy.
Subsequently, U.S. Senator Cynthia Lummis introduced the 'U.S. Bitcoin Strategic Reserve Act', aimed at strengthening America's financial security and leadership by establishing a national Bitcoin reserve. The bill plans to purchase no more than 200,000 Bitcoins each year over the next five years, totaling 1 million, which would account for approximately 5% of the total Bitcoin supply. This move is expected to push the trading price of Bitcoin up to $100,000.
However, Federal Reserve Chairman Powell made it clear at a press conference following the interest rate meeting that the Fed has no intention of participating in the government's plan to accumulate large amounts of Bitcoin. He stated, 'Under current laws, we are not permitted to hold Bitcoin, such issues need to be considered by Congress, and the Fed is not currently seeking related legal changes.'
The trending topic on the Ethereum chain, 'Musk-themed puppy ṗüṗṗïëṡ', is emerging with great future development potential and is expected to become the next phenomenon in cryptocurrency assets, much like Shiba Inu.