Trump to Deliver Keynote Address Tomorrow Night.

US President Trump will deliver a keynote address tomorrow morning local time, according to the White House. The speech is expected to be significant, but no further details have been provided. The address will take place tomorrow night Beijing time.

US President Donald Trump is set to deliver a keynote address tomorrow morning local time, according to the White House. The speech is expected to be significant, but no further details have been provided. The address will take place tomorrow night Beijing time.

The event coincides with a critical week for global diplomacy, with the United Nations General Assembly kicking off today. The summit is expected to tackle a range of pressing issues, including humanitarian crises, the recognition of Palestinian statehood, and the ongoing conflict in Ukraine. Trump's arrival is anticipated to set the tone for these negotiations, with his approach to global funds and peacekeeping commitments under scrutiny.

Trump's address is likely to have implications for the crypto market, particularly for Bitcoin. Republican Senator Cynthia Lummis from Wyoming has proposed a bold plan to fill the Bitcoin strategic reserve proposed by Trump without increasing the federal government deficit. Lummis' Bitcoin Act aims to purchase 1 million bitcoins, which would account for nearly 5% of the largest circulating token. According to current market prices, this would cost approximately $90 billion Trump ally proposes bold plan: sell US Federal Reserve gold reserves, buy 1 million bitcoins^[1].

The bill, if passed, would significantly expand the scope of Trump's Bitcoin reserve plan. Lummis' bill requires the holding period for cryptos to be at least 20 years, with the assumed appreciation helping to reduce national debt issuance. However, the bill faces skepticism from some market observers. Jennifer J. Schulp of the Cato Institute has pointed out that putting government funds at risk with an asset like Bitcoin, which has not shown stability, is a concern. Michael Novogratz, the billionaire head of Galaxy Digital, also believes the possibility of the U.S. establishing a Bitcoin strategic reserve is very low Trump ally proposes bold plan: sell US Federal Reserve gold reserves, buy 1 million bitcoins^[1].

The Federal Reserve's balance sheet lists gold certificates held by the Treasury, nominally valued at approximately $11 billion. However, based on the current actual spot price, the real value of this gold is as high as $675 billion. If the U.S. authorities conduct a large-scale gold sale, it could push down gold prices. Lummis remains optimistic about her bill's chances, citing Trump's acknowledgment of the idea and the support of advisors familiar with Bitcoin Trump ally proposes bold plan: sell US Federal Reserve gold reserves, buy 1 million bitcoins^[1].

The timing of Trump's address and the UN General Assembly meeting adds an element of uncertainty to the global financial landscape. Investors and financial professionals should closely monitor the speech for any announcements that could impact Bitcoin and other cryptocurrencies, as well as broader global markets.