Trump's Crypto Agenda Raises Bitcoin to Record Highs

Donald Trump's pro-crypto policies, including a proposed U.S. bitcoin reserve, signal a dramatic shift in America's cryptocurrency strategy.

Donald Trump's administration has embraced cryptocurrency, reversing his earlier criticism and pledging to make the U.S. a global leader in the crypto industry.
Bitcoin's value surged past $100,000 in 2024, fueled by optimism over Trump's pro-crypto stance and regulatory shifts, including the approval of spot bitcoin ETFs.
Trump's proposed 'strategic bitcoin reserve' aims to stockpile bitcoin for long-term economic and geopolitical leverage, though it faces significant legislative and institutional hurdles.
The U.S. has regained dominance in cryptocurrency trading, with institutional investors returning and trading volumes rising due to favorable policies and the launch of bitcoin ETFs.
Critics argue that the strategic reserve proposal is politically motivated and risky, citing bitcoin's volatility and potential challenges in funding the initiative without increasing national debt.