However, these claims remain unconfirmed by Trump, his staff, or any public external sources. Until official confirmation is provided, these assertions should be considered speculative.
The idea of making Bitcoin a reserve asset is growing among crypto proponents, with many arguing that such a move would ensure the dollar’s dominance in the global financial landscape. The notion has gained more traction in recent weeks after Trump reportedly discussed the matter during a meeting.
Porter emphasized that Bitcoin as a strategic reserve asset for the US Treasury is a “no-brainer,” suggesting that such a move could shift the global financial paradigm and prompt other nations to adopt a Bitcoin position.
The idea has even spread beyond the crypto industry, with BlackRock CEO Larry Fink recently making similar statements and calling the flagship crypto “digital gold.”
David Bailey, CEO of Bitcoin Magazine and an advisor to the Trump campaign, has also explored the theoretical impacts of the US adopting BTC as a strategic reserve asset. His vision involves securing a significant BTC reserve for the US Treasury by time-locking 210,000 BTC held by the USA for 100 years.
Vivek Ramaswamy, a former presidential candidate, has been advising Trump on Bitcoin and digital assets since January. Ramaswamy previously proposed backing the US dollar with a basket of commodities, including Bitcoin, to combat inflation and maintain the cy’s value over time.
In recent weeks, Trump has voiced strong support for the sector despite historical reservations, and the Republican party followed suit by including Bitcoin and crypto-related issues in its latest platform.
Adding to the speculation of increased pro-Bitcoin and crypto measures, Trump recently announced that Senator JD Vance, a notable proponent of Bitcoin, will join his ticket as the vice-presidential candidate for the 2024 election.
Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…
Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…
Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…
A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…
BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…
A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…