cryptocurrencies

/

bitcoin

Breaking: Trump vows to make Bitcoin a strategic reserve currency

Kitco Media
By Jordan Finneseth
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Breaking: Trump vows to make Bitcoin a strategic reserve currency teaser image

(Kitco News) – Breaking news from the Bitcoin 2024 Conference as Presidential candidate Donald Trump said he intends to make Bitcoin a strategic reserve currency for the United States. 

 

“Many Americans do not realize that the U.S. government is among the world's largest holders of Bitcoin – The Federal Government has almost 210,000 Bitcoin or 1% of the total supply that will ever exist.”

 

“But for too long, our government has violated the cardinal rule that every Bitcoiner knows by heart: "NEVER SELL YOUR BITCOIN."

 

“And so, as the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration to KEEP 100% of all the Bitcoin the U.S. government currently holds or acquires in the future.”

 

“This will serve, in effect, as the core of a Strategic National Bitcoin Reserve,” Trump said. 

Kitco Media

Jordan Finneseth

Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market. Jordan holds a Master of Science in Clinical/Counseling Psychology and a pair of Bachelor's degrees in Psychology and Environmental Health Science. You can reach out Jordan Finneseth at 1- 514.670.1372.

Mdi Earth Logo

Tags:

BitcoinBTCDonald Trumpreserve asset

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.