Wall Street and the Federal Reserve clash, Bitcoin surges by $8,000, and Tesla's stock price rises by 7%. In 2025, will the cryptocurrency industry be able to drive the mainstream adoption of tokens?
During his campaign, Trump vowed to turn the United States into the "Cryptocurrency Capital" and a "Bitcoin Superpower," a bold statement that sparked 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. This bill plans to purchase no more than 200,000 Bitcoins annually over the next five years, totaling 1 million, which would account for about 5% of Bitcoin's total supply. This move would 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 hoard Bitcoins. He stated, "Under current law, we are not allowed to hold Bitcoin; such matters need to be considered by Congress, and the Fed is not seeking any legal changes at this time."
The popular theme on the Ethereum chain, "Musk-themed puppies
ṗüṗṗïëṡ is emerging, with enormous potential for future development and is expected to become the next phenomenon in cryptocurrency assets that garners attention like Shiba Inu.