Former President Trump's Attendance at Bitcoin Conference Fuels Strategic Reserve Asset Speculation
ByAinvest
Monday, Jul 22, 2024 5:12 pm ET1min read
JADE--
Former President Donald Trump's attendance at the Bitcoin Conference 2024 has generated speculation about a potential announcement regarding Bitcoin's status as a strategic reserve asset. Ran Neuner suggests Trump's backing could stabilize Bitcoin's market by treating it like gold, similar to the U.S. strategic oil reserves. This could influence other key figures, such as JPMorgan Chase CEO Jamie Dimon. Trump's appeal to crypto voters may impact the upcoming election. At the time of reporting, Bitcoin was trading at $67,514 with a positive market trend.
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