BTC is on continuous decline where it’s next stop ??

2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it.

Proponents of the uniquely volatile commodity argue it is a valuable hedge against inflation, similar to gold.

Many bitcoin enthusiasts and investors are quick to criticize government-backed currencies as prone to devaluation and say increased government buy-in will stabilize bitcoin's future price swings, give it more legitimacy and further boost an already rising price.

But the risks are significant. Critics say a crypto investment is highly speculative, with so much unknown about projecting its future returns, and warn that investors should be prepared to lose money.

Only a couple public pension funds have invested in cryptocurrency and a new U.S. Government Accountability Office study on 401(k) plan investments in crypto, issued in recent days, warned it has “uniquely high volatility” and that it found no standard approach for projecting the future returns of crypto.

It has already been a landmark year for crypto, with bitcoin hitting $100,000, the U.S. Securities and Exchange Commission approving the first exchange-traded funds that hold bitcoin and crypto enthusiasts being cheered by Trump's promise to make the United States the “bitcoin superpower” of the world.

More legislation on crypto could be coming

Lawmakers in more states can expect to see bills in 2025 to make them crypto-friendly as analysts say crypto is becoming a powerful lobby, bitcoin miners build new installations and venture capitalists underwrite a growing tech sector that caters to cryptocurrencies.

Meanwhile, a new crypto-friendly federal government under Trump and Congress could consider legislation from Sen. Cynthia Lummis, R-Wyoming, to create a federal bitcoin reserve on which states can piggyback.

Will LINK’s Coinbase Partnership Spark a Bull Rally? LNEX Soars By 283% As Bonk Dips to a Critical Zone

Chainlink’s partnership with Coinbase’s Project Diamond aims to deliver essential data and enable comprehensive lifecycle management of the newly tokenized assets on the platform. This move could propel an upward trend in Chainlink’s price movement, which has dipped by over 7% in a week.

Similarly, Bonk’s price has dropped over 10% in a week. The price stopped at the 50-day SMA, now a key support level. Lunex Network, on the other hand, continues to enjoy a bullish outlook, surging by over 283% to $0.0046. This impressive gain has seen the project raise over $5.2 million in revenue as investors anticipate more gains before the year ends.

Lunex Network Surges By Over 283%

Lunex Network presale continues to create more excitement by providing exceptional privacy and security. Each transaction in Lunex Network will be safely executed on-chain without the need for personal information. This will allow traders to confidently engage in trading activities, knowing their investments are secure.

However, this is not all. Lunex Network employs an aggregator protocol, procuring liquidity from many exchanges and guaranteeing optimal pricing. This function helps enhance the trading efficiency and fluidity of both seasoned and novice traders in the crypto market. It also delivers sophisticated analytics directly to data enthusiasts.

By utilizing real-time data and predictive market research, Lunex Network will provide its traders with the needed skills to make the best choices. These features have already made Lunex Network stand out, with a presale revenue of over $5.2 million, the LNEX price has recorded an impressive gain, with an over 283% surge to $0.0046.

Chainlink Price Prediction: Will LINK Partnership with Coinbase Lead to A Bullish Outlook?

Chainlink’s collaboration with Coinbase will enable financial institutions to utilize verifiable data via LINK, enhancing their operations. This move could help Chainlink regain a bullish outlook.

#BTCNewATH $SUI rolled back After Reaching NEW Highs
M

SUI pulled back without reaching the psychological level of 5.00. Instead of making a new higher high, the price formed a double top and rolled back. I anticipate that the market may pull back toward the support level around 4.00. If the price bounces off this support level or creates a trend continuation pattern, I expect the market to continue moving higher. My goal is resistance zone around 5.00

$FET (Artificial Superintelligence Alliance)
🔹 Signal: 📈 Buy Signal
🔹 Price: $1.66
🔹 Open Position: Buy
🔹 Take Profit (TP): $1.80 📊
🔹 Stop Loss (SL): $1.55 ⚠️
🔹 Reason: Strong momentum with a 3.64% daily change and continuous uptrend.
#BURNGMT #Write2Earn! #MarketMajorComeback #BinanceSquareFamily

XRP surges 370% post-Trump victory: What’s driving the rise?

XRP has jumped an astonishing 370% since Donald Trump’s U.S. election win, far outpacing other major cryptocurrencies. Bitcoin rose just 46% during the same period, while XRP overtook Solana to become the third-largest cryptocurrency, behind only Bitcoin and Ethereum.

XRP was created in 2012 as the token for the XRP Ledger, which powers Ripple’s international payment systems. Even though Ripple focuses on global payments, most of its business 95% happens outside the U.S. Ripple owns a big chunk of XRP, which has raised concerns with regulators over the years.

Ripple has been in a long legal fight with the SEC (Securities and Exchange Commission). Last year, a judge ruled that XRP isn’t a security when sold to regular investors but is an unregistered security when sold to big institutions.

Recently, XRP has been gaining momentum thanks to several positive developments. Edul Patel, CEO of Mudrex, noted, “XRP has gone up close to 300% in just a month, driven by growing interest in banking tokens. The recent approval of Ripple’s stablecoin - RLUSD provided another boost to XRP’s price, taking it over the $2 mark.” He added that a pro-crypto SEC chair is also expected to bring a friendlier stance to cases like Ripple’s, further boosting market sentiment.

This week, XRP reached a market capitalization of $140 billion, outshining global companies like Sony ($128.6 billion), Nike ($115.57 billion), Starbucks ($112.6 billion), Spotify ($97.51 billion), PayPal ($90.23 billion), Dell ($86.75 billion), and Ferrari ($80.92 billion). The rally follows Ripple’s regulatory approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. Ripple CEO Brad Garlinghouse celebrated the milestone on X (formerly Twitter), saying, “We have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first.”

MicroStrategy to eclipse Starbucks, Nike market cap if Bitcoin rallies to $138K

MicroStrategy’s (MSTR) stock prices are up 546% for the year, with its market cap currently at $99.4 billion. Its Bitcoin (BTC) reserve is a major reason for its significant year-to-date yields, as the organization added 249,850 BTC in 2024, taking its total tally to 439,000 BTC.

With its market cap on the brink of breaking the $100 billion threshold, MicroStrategy will take over major American companies if Bitcoin hits higher price targets.

MicroStrategy’s market cap will eclipse Starbucks and Nike if BTC hits $138K

With 439,000 BTC in its treasury, MicroStrategy is the largest corporate holder of Bitcoin, surpassing Marathon Digital’s tally of 40,435 BTC by 985%.

Thus, monitoring BTC’s price gives a direct outlook of MSTR’s market cap potential. Based on MicroStrategy’s net asset value (NAV) worksheet, its fully diluted market cap is $114 billion, with the derived MSTR NAV at around $40 billion.

With respect to MicroStrategy’s BTC holding, every time the crypto asset moves $1,000 in either direction, MSTR’s market cap gains approximately $440 million.

Starbucks's current market cap is $105.5 billion, and Nike's is $115 billion.

Therefore, a mere 11% rally for Bitcoin to $118,810 will allow MicroStrategy’s market cap to surpass Starbucks in the valuation rankings. A 32% uptick to $140,000 per BTC would take MSTR’s market cap ahead of Nike. Surpassing Nike’s market cap assumes that MicroStrategy does not add to its current BTC holdings.

Related: MicroStrategy buys 15.3K Bitcoin for $1.5B, holdings reach 439K BTC

MicroStrategy will go bankrupt if an asteroid hits Earth, says analyst

MicroStrategy’s Bitcoin playbook effectively entails buying Bitcoin at a higher level, where the company issues debt and utilizes the proceeds to buy Bitcoin, which drives BTC price higher. MicroStrategy’s method does have detractors, one being Chainlink advocate Zach Rynes, who said he was “deeply uncomfortable” with the organization's “debt-based acquisition.”

Elon Musk Strikes PEPE Community With Unexpected Hot Tweet

Tech billionaire and innovator Elon Musk, who is known for his love for memes, has published a post on his account on the X social media platform that he owns. This post featured a popular internet meme, Pepe the Frog, which last year inspired the creation of the PEPE meme cryptocurrency.

The community, including many PEPE enthusiasts, enthusiastically reacted to his post. This is not the first Pepe the Frog-related post published by the tech magnate this week. One of them even caused the aforementioned meme coin to surge by more than 14% at the start of the week.

Musk's PEPE tweet triggers community

Elon Musk published a post about the way X users take in information and news published on this social media giant.

While “normal people,” the meme published by Musk says, understand that two multiplied by two equals four, other people demand: “Source?” as one of the many ways to deny the news or data that is assumed to be trustworthy. “Normal people” in that post were depicted using a Pepe image.

Many X users responded to that tweet with PEPE memes, supporting Musk’s assumption. In light of the recent U.S. presidential election and Musk actively supporting the newly elected political leader, X and its owner came under fire from the opposite side, the political left, which lost the presidential election in November.

Musk publishes multiple PEPE memes this week

Before November and now, Musk has been claiming that his X platform has become the only trustworthy source of news, while mainstream media were controlled by left-leaning political forces.

As for Musk’s earlier PEPE posts this week, on Monday he retweeted an image of Pepe the Frog in an image of an ancient Roman general standing in the Coliseum. That tweet was called "Kekius Maximus," with a clear reference to the "Gladiator" and "Gladiator 2" movies directed by Ridley Scott and released in 2000 and 2024. That publication coincided with the meme coin PEPE surging by roughly 14%.

Crypto trading is one of the most popular methods of trading currencies online. It is a fast paced and exciting way to trade, and it can be very profitable for those who know how to do it. However, the forex industry is constantly changing, and it can be difficult to keep up with the latest trends. In this article, we will take a look at the future of forex trading, and what changes we can expect to see in the industry.

The crypto industry is constantly changing, and new technologies are being developed all the time. This means that the way we trade currencies is also constantly changing. For instance, new platforms and software are being developed all the time, and new exchanges are being created. This means that the future of crypto trading is likely to be very different from the way it is today.

However, one thing that is unlikely to change is the fact that crypto trading is a global market. This means that it is possible to trade currencies from anywhere in the world. This is a huge advantage for those who live in countries where the currency is not as strong as it is in other parts of the world.

Another advantage of crypto trading spain is that it is a very liquid market. This means that there is always a market for currencies, and it is possible to trade them very easily. In addition, the forex market is very large, and it is possible to make a lot of money if you know what you are doing.

One of the biggest changes we can expect to see in the future of crypto trading is the rise of automated trading. This is where computer software is used to trade currencies automatically. This can be a very efficient way of trading, and it can also help to remove some of the emotion from trading.

Another change we can expect to see in the future of crypto trading is the development of new platforms and exchanges. This will make it easier for traders to find the best prices and to trade with the most liquidity. In addition, we may see the development of new financial instruments, such as crypto-currencies, which will provide more opportunities for traders.

Day Trading: The Basics and How To Get Started

There was a time years ago when the only people able to trade actively in the stock market were those working for large financial institutions, brokerages, and trading houses. The arrival of online trading, with the instantaneous dissemination of news, has leveled the playing field. Easy-to-use trading apps and the 0% commissions of services like Robinhood and Charles Schwab have made it easier than ever for retail investors to trade.

Day trading can be lucrative as long as you do it properly (though there is never a guarantee). However, it's typically challenging for novices and often a losing way for newer investors to trade.

The only way to improve these odds is to learn the ins and outs of technical strategies and other crucial parts of the market, while also picking the right day trading platform.

KEY TAKEAWAYS
Day traders buy and sell stocks or other assets during the trading day to profit from the rapid fluctuations in prices.
Day trading employs various techniques and strategies to capitalize on these perceived market inefficiencies.
Day trading is often informed by technical analysis of price moves and requires a high degree of self-discipline and objectivity.

Day trading employs various techniques and strategies to capitalize on these perceived market inefficiencies.

Day trading is often informed by technical analysis of price moves and requires a high degree of self-discipline and objectivity.

Technical analysis: Focuses on past prices and trading patterns to predict coming trends.

Momentum trading: Capitalizes on short-term trends and reversals to capture quick gains.

Unlike long-term investors, day traders are less concerned with the fundamental value of the securities and more focused on capturing immediate gains from market fluctuations.

$EIGEN best time to short

Strong Higher Highs In ONDO Crypto: Will the Momentum Continue?

The top 10 holders of Ondo Finance hold 87.43% of the supply.
The sentiment of the ONDO crypto is bullish, as per a renowned source.
Ondo Finance, backed by Coinbase, is a DeFi project on Ethereum offering fixed-yield loans backed by crypto-assets.

ONDO token is used for governance in the Ondo DAO and oversees the protocol. Ondo Vaults provide risk-isolated lending and borrowing, supporting fixed and variable yield depositors. Experts from top financial and tech companies developed it.

The fear and greed index of Ondo Finance is at 73, showing greed among the investors. Also, on the technical charts, the crypto price has consistently advanced.

Crypto has a good market presence, with the dominance of crypto at 0.08% in the global crypto market. Also, the market cap ranking of the crypto is #58, as per CoinMarketCap. This further results in a volume/market cap ratio of 14.32%.

The fully diluted market cap value of the crypto is $13.959 Billion, while the market cap of the crypto is $1.939 Billion. Moreover, crypto’s fully diluted market cap has advanced by 75% in the last 30 days.

Blockchain Data Overview For Ondo Finance

The total value locked for the Ondo Finance crypto is $472.98 Million, which has consistently advanced in the last few days.

The market cap of Ondo Finance at press time was $2.032 Billion, and 134.6% of the market cap will be unlocked in seven months.

Moreover, the liquidity of the crypto is worth $16.1 Million, and 14.37% of the tokens are unlocked till now.

ONDO Crypto Technical Analysis

After breaking out from a significant level, the trading price of the ONDO crypto has advanced by 70%, witnessing strong dominance of buyers in the crypto.

Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice.

A common source of FUD surrounding Dogecoin is the claim that certain wallets holding a large percentage of the supply are owned by private investors or so-called “whales”. In reality, many of the top Dogecoin wallets are cold wallets or hot wallets controlled by exchanges and brokers, and they thus represent Dogecoin held in custody for thousands - or hundreds of thousands, even - of people.

To those accustomed to blockchain analysis, many of those wallets appear as wallets managed by trading platforms, as they exhibit patterns of activity and volume that were typical of crypto exchanges or brokerage services holding large amounts of collateral. In particular, the Dogecoin community has identified the exchanges and brokerage platforms behind some of the largest wallets, including the infamous “whale” holding 30% of the supply. This was possible through a bit of community sleuthing that involved collecting circumstantial evidence and tracking deposits and withdrawals from exchanges to private wallets. As it turned out, that infamous whale wallet, which was split across several addresses in October/November 2021, contains the holdings of hundreds of thousands of retail holders.

Customers of these exchanges and brokerage services sometimes voluntarily opt to hold Dogecoin within the custodial solutions offered by these platforms; other times, they are forced to do so, since some platforms might not be allowing withdrawals to private cold wallets. Whenever this has been the case, the Dogecoin community has been asking insistently and ceaselessly for these platforms to enable withdrawals. Little by little, over the past months, more of these services have enabled withdrawals to private wallets.

It is also important to educate the community in this sense so that they can understand the benefits - but also the responsibility - of decentralization and non-custodial wallets, which is at the core of a permissionless, decentralized cryptocurrency. Similarly, it is important to realize that this is also a problem of maturity of the Dogecoin ecosystem.

Polkadot Ecosystem Overview: Move slowly but surely

The Polkadot ecosystem will be discussed in detail in this article, starting with an overview and working down to the nitty gritty.

Polkadot Overview

Polkadot - a layer 0 platform that connects layer 1 platforms together. Polkadot allows blockchains to connect with each other to share data and form a decentralized network.

Unfamiliar with this concept? Let me give you a detailed example!

We already know that Ethereum, Solana, or BNB Chain are some of the most reputable blockchains in the market. These blockchains will be called "layer 1 chains," which means that they are only responsible for the dApps built in their ecosystem and that each blockchain is completely separate from the rest.

Thus, if we want to exchange assets or data from one chain to another, it must go through bridges.
However, layer 0 (known as Polkadot) is the main layer that connects all layer 1 blockchains together. Let's say if Ethereum and Solana are the Earth and Mars, respectively, then Polkadot is the Sun, the centre of the solar system

In Cosmos, the main chain is referred to as Cosmos Hub, and the layer 1 chain is called Zone.
But in Polkadot, layer 0 chains are called Relay Chains, while layer 1 chains are known as Parachains.

Polkadot Highlights
Heterogeneous Sharding: Different blockchains can run on the same network.

Cross-Chain Composability: Polkadot supports cross-chain communication. Segments can deliver messages to communicate, exchange value, and share functionality.

Polkadot is built as a network layer 0, allowing Layer 1 platforms like Ethereum to work together on the same network. As the crypto market expands with many new chains appearing, Polkadot is built with the purpose of becoming the next step of the crypto market, connecting single pieces into a unified whole.
Polkadot’s Highlighted Numbers
Updated March 23, 2022

$141.8B: Total Market Share of the entire Polkadot

In recent times, many blockchains rose, claiming themselves to be the ‘Ethereum Killers’ & Polkadot is one among them. Polkadot is a faster, highly scalable network that is designed to work with other platforms. Created by ex-Ethereum CTO, Gravin Wood, Polkadot is an open-sourced, decentralized platform that serves as a protocol for protocols & a blockchain for blockchains.

Interestingly, DOT & ETH have the same ambitions to be the leader of the Smart contract platform. Polkadot has many elements which are designed to overcome the weakness of the Ethereum protocol. However, as DOT still appears to be immature compared to ETH which is well-established, Ethereum continues to be the leader in the DeFi space.

Polkadot is composed of Parachains which are a part of the entire blockchain, shredded to minimize the congestion. For the first time ever, two of the biggest Parachains, Astar Network & Acala collaborated to launch a ‘DeFi Raising’ program on Polkadot.

In another boost to the Polkadot ecosystem, Interlay, a blockchain firm based in London launched a Bitcoin-based cross-chain bridge on Polkadot called interBTC or iBTC. Hence, Polkadot now has a decentralized version of ‘Wrapped Bitcoin’.

Latest News on Polkadot Ecosystem Tokens

Polkadot (DOT)

Polkadot is expected to be pretty busy blockchain ahead as nearly 415 project grants have been passed by the Web3 Foundation out of 1054 applications. On the other hand, staking DOT becomes much easier with the launch of the new staking and nominating dashboard.
The platform recently approved a relay chain upgrade after being proposed earlier that aims to improve runtime mitigations & database operations

Major price drop for coins COS and AVA

$WLD Worldcoin Price Prediction: Will WLD Hit $10 in the Next Bull Market?

Worldcoin (WLD) is on a clear mission - to make blockchain tech accessible to everyone.

And recent updates, like its focus on digital identity and big-name partnerships, are helping it expand its influence in the market.

Media outlets are now talking about a potential $10 in the next bull market - but how feasible is this target?

At the same time, PlutoChain ($PLUTO) could bring substantial buzz by adding smart contracts and apps to Bitcoin. The goal is to try and expand BTC’s functionality and potentially add more features to its network.

Let’s check out the deets.

Technical Analysis - Can Worldcoin (WLD) Reach $10?

Currently trading in the range of $1.50 to $2.00 (per CoinGecko data), WLD faces a critical resistance level at $3.50.

f the project surpasses this, the next major hurdle lies around $6.00, which could open the door to its long-term target of $10.

From a technical perspective, the Relative Strength Index (RSI) for WLD sits at 54, which signals neutral momentum. However, a sustained increase in trading volume could push RSI into overbought territory.

Moving averages also paint a mixed picture. The 50-day moving average hovers slightly above the current price, acting as near-term resistance, while the 200-day moving average provides long-term support and reflects gradual upward momentum.

Adoption trends in decentralized identity solutions are playing a big role in WLD’s growth narrative. Worldcoin’s focus on creating a global digital identity platform ties directly into rising interest in financial inclusion, particularly in underserved markets.

Partnerships with leading blockchain platforms and tech innovators strengthen its position in this niche, which makes it attractive for both retail and institutional investors.

Whale activity is another critical factor. Data shows increasing accumulation among high-value wallets, which indicates growing confidence in WLD’s future potential.

Is Your Crypto Safe? The Dark Side Of The Big Breakout ?

As cryptocurrencies gain mainstream traction and their value surges, scammers are increasingly refining their tactics. With global adoption accelerating, users must remain vigilant.

Undeniable Evidence For Crypto’s Dominance

Chainalysis, a leading firm in blockchain analysis, offers tools and services to track, monitor, and investigate cryptocurrency transactions, focusing on compliance, security, and curbing illegal activities. In a recent analysis, the firm revealed a significant surge in global cryptocurrency activity, stating that "between the fourth quarter of 2023 and the first quarter of 2024, transaction values rose sharply, exceeding the peak levels recorded during the 2021 crypto bull market."

How a Major Crypto Scandal Shook the Industry Worldwide

One of the most prominent scams in the digital asset industry, though far from the only one, took place in November 2022.

The collapse of crypto exchange FTX was set in motion when revelations emerged that the platform had misappropriated customer funds, triggering an immediate liquidity crisis. This breach of trust spurred a rapid withdrawal of assets, ultimately forcing FTX into bankruptcy and inflicting substantial financial losses on its investors.

In the aftermath, the founder Sam Bankman-Fried was arrested and charged with fraud. He is currently serving his twenty-five year prison sentence.

The incident significantly intensified global scrutiny across all facets of the cryptocurrency industry.

How to Avoid Scams in an Evolving Threat Landscape

One method to avoid being victimized by fraudulent exchanges is to research a self-custody group that can help you manage your crypto holdings. If you hold the keys, you’re in control.

However, the risks in the cryptocurrency space extend far beyond exchanges. Users must remain vigilant across all aspects of their digital asset interactions.

If history repeats itself, 2025 may see an uptick in sophisticated scams designed to exploit both seasoned investors and newcomers.

$XRP TikTok And Gen Z Fuel XRP’s Rise Amid Legal Optimism And Whale Moves

The most popular video platform garnered billions of views under the #XRP hashtag in November and December, with some influencers suggesting the price of the token could reach $10,000, as retail investors navigated FOMO (fear of missing out) and FUD (fear, uncertainty and doubt) triggers.

This week, Ripple’s XRP briefly claimed the spot as the world’s third-largest cryptocurrency, trailing only bitcoin and ethereum, after a 400% price rally over the past month. The resignation of SEC Chair Gary Gensler sparked expectations that Ripple’s legal battle with the SEC could soon end in the company’s favor.

Driven by the positive sentiment, in recent weeks, XRP whale holders (addresses holding over 1 million XRP) have accumulated more than $1.12 billion worth of XRP, according to on-chain indicators.

Whales Lead The Charge, But Retail Investors Become More Prominent

However, it’s not just the whales driving XRP’s value. Crypto has become Gen Z’s most common investment, according to a survey from Policygenius earlier this year. Their Financial Planning Survey, which polled around 4,000 Americans, revealed crypto as the most preferred asset for the first time ever. On top of that, while bearish sentiment for XRP lingered through the 2021 bull run, the coin remained one of Gen Z’s top picks, surpassing bitcoin and ethereum as the top choice in some locations, such as South Korea.

“It is hard to believe that these whales are Tiktokers. However, the hype created by the trends on TikTok helps to bring additional retail liquidity to the market. It's certainly helping to drive excitement and mindshare for XRP,” says Nic Puckrin from Coin Bureau.

Another recent survey of over 1000 crypto holders, conducted by Kraken in December, confirmed that social media emerged as a major factor influencing trading behavior, with 85% of respondents reporting significant portfolio impacts from emotional trades.

$BTC Trump Confirms Bitcoin Reserve Plans—$15 Trillion Price Boom Predicted

Donald Trump has firmly embraced bitcoin and crypto this year as a leak reveals Russia could be about to start a bitcoin cold war.

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The bitcoin price has rocketed past $100,000 per bitcoin on the back of Trump's November election, with the chief executive of a major Wall Street giant admitting bitcoin "FOMO."

Now, as an influential billionaire warns of a looming "debt crisis" that could collapse the U.S. dollar, Trump has confirmed he plans to establish a U.S. bitcoin strategic reserve.

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Republican senator Cynthia Lummis has introduced a bill to congress, entitled the Boosting Innovation, Technology and Competitiveness Through Optimized Investment Nationwide (BITCOIN) Act, which proposes the U.S. buy 1 million bitcoins over five years to reduce the spiraling $35 trillion U.S. national debt.

Russia lawmakers were this week revealed to be pushing the country to create a bitcoin strategic reserve after Russia's president Vladimir Putin praised bitcoin as an alternative to foreign currency reserves following the seizure of its funds by Western governments in response to its invasion of Ukraine.

The possibility that Trump follows through on his bitcoin reserve plans has spurred huge bitcoin price predictions from bitcoin traders and investors—boosted by an Elon Musk surprise.

"If Donald Trump is successful in putting forth a lot of the proposals that he's proposed to the community, the sky is the limit because bitcoin has a fixed supply," Perianne Boring, the founder of crypto trade association The Digital Chamber, told Fox Business this week.

"The stock-to-flow model says it's going to be at over $800,000 by the end of next year," Boring added, which would give bitcoin a market capitalization of around $15 trillion