2025-01-18 18:30:20 by NewsBTC

With the current odds at 65%, the likelihood of a Strategic Bitcoin Reserve being created in the United States has greatly soared. The impetus behind this development is the strong advocacy of President-elect Donald Trump for cryptocurrencies and the planned Bitcoin Act. Proponents claim that this initiative might completely change the way the US views Bitcoin, therefore matching it with national security goals. The development of a crypto policy might depend critically in the coming months. Anthony Pompliano, the CEO of Professional Capital Management, presented this development to the public. On Kalshi, an online prediction tool, the American investor saw that the chances of a Strategic Bitcoin Reserve opening in the United States this year jumped to about 65%. Trump Vision For Crypto Becoming Popular One of the main elements driving the rising probability is Trump’s crypto-friendly stance. The core of the Bitcoin Act is the formation of a reserve of 1 million crypto units over a five-year period. Advocates of this initiative assert that its objective is to enhance innovation and economic resilience. Trump’s willingness to embrace blockchain technology has reignited optimism among crypto enthusiasts, who perceive his presidency as an opportunity to integrate digital assets into federal strategies. The odds that a strategic bitcoin reserve will be created this year is now at 65% on Kalshi. That is a 50% increase in the odds over the last few weeks. pic.twitter.com/5UhqyugnYP — Anthony Pompliano 🌪 (@APompliano) January 17, 2025 Lobbying Intensifies For Executive Action Cryptocurrency stakeholders are not anticipating the legislative process to unravel. There has been a significant increase in lobbying efforts to persuade the incoming administration to promptly issue an executive order. Proponents maintain that this kind of reserve would not only enhance economic stability but also act as a statement of global leadership in the realm of digital money. They suggest that a presidential order might minimize bureaucratic delays, therefore accelerating the process of defining the United States’ stance in the crypto ecosystem. BTC is currently trading at $103,571. Chart: TradingViewStrategic And Financial Motives Strategic as well as financial considerations drive the need for an SBR. Those who support Bitcoin stress its ability to operate as a defense against traditional financial instability. Moreover, the United States runs the risk of lagging behind other countries currently including cryptocurrencies into their national policies. They argue that the creation of a Bitcoin reserve serves not just to stay up with international rivals but also to safeguard the future. A Critical Year For Crypto Policy As 2025 progresses, US policymakers face key decisions that could redefine the role of digital currencies. The success of the Bitcoin Act and similar proposals depends on embracing innovation. The chance of creating a US Strategic Bitcoin Reserve has never been higher. Whether achieved through new laws or executive action, this move could secure Bitcoin’s place in the economy and strengthen the nation’s future strategy. Featured image from Emerce, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. 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