$BTC US Senate plans Bitcoin reserve under Trump
Donald Trump's administration is indeed planning to establish a strategic Bitcoin reserve, which has sparked optimism in the market. This initiative aims to bolster the US's financial standing and integrate crypto into the economy .
The proposed plan involves creating decentralized vaults to securely store one million Bitcoins over five years, funded by revaluing assets like gold certificates. This move could potentially send Bitcoin's price to $800,000, with a predicted market capitalization of $15 trillion .
Trump's pro-crypto stance has fueled excitement in the market, with Bitcoin recently surpassing $100,000. The establishment of a Crypto Advisory Council is also in the works, which will oversee crypto policy and collaborate with Congress on legislation .
While some critics have raised ethical concerns, industry leaders argue that experienced voices are necessary to shape effective regulations. With Trump's administration pushing for a more crypto-friendly environment, the future of Bitcoin and the crypto market looks promising .
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