Trump, Bitcoin
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Kevin Warsh, Fed and Donald Trump
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American Bitcoin, a Trump-family-backed miner, has grown its bitcoin holdings to about 5,843 BTC, making it one of the largest corporate holders.
American Bitcoin’s reserve growth places it ahead of GameStop and Nakamoto Inc. among corporate bitcoin holders.
During his 2024 U.S. presidential run, then-candidate Donald Trump promised to establish a strategic bitcoin reserve if he was elected for his second term in office after losing his reelection bid in 2020.
Cryptocurrencies dropped on the news that Kevin Warsh will be the next Federal Reserve chair.
The government seems to be amassing more Bitcoin. But little work seems to be happening to enact the terms of the executive order Trump signed to start the ‘strategic reserve.’ Last March, President Donald Trump signed an executive order declaring that the government would launch a strategic reserve of Bitcoin.
Donald Trump will address world leaders at Davos on Jan. 21.
President Trump’s nomination for a new Fed chair introduced a mixed signal for Bitcoin and US liquidity, but his perspectives on interest rate policy may hold the key to risk asset recovery.