Latest news with #USStrategicBitcoinReserve
India Today
10 hours ago
- Business
- India Today
US Bitcoin Reserve signals a shift: An opening for India
The US Strategic Bitcoin Reserve, launched in January 2025 under President Donald Trump, has elevated digital assets to a global stage. Valued at more than $20 billion as of June 2025, it underscores Bitcoin's emerging role as a store of India, this shift invites reflection: could Bitcoin, thoughtfully integrated, enhance our economic toolkit?The US initiative currently repurposes 200,000 seized Bitcoins as a buffer against inflation, a strategy cemented by last month's White House Crypto Summit with clearly articulated plans to buy more Bitcoin by exploring budget-neutral Thereby, expanding its Bitcoin reserve holdings in the coming times without hurting the US states have now passed legislation authorising the deployment of public funds to purchase and hold Bitcoin as a reserve asset, with more expected to measures reflect a growing recognition of Bitcoin's potential to bolster fiscal resilience and serve as a hedge in uncertain economic isn't a reckless pivot, it's a calculated step toward embracing digital assets' legitimacy. For India, observing this offers a lens to assess whether Bitcoin could diversify our reserves, complementing traditional holdings in an uncertain global & BITCOIN: A REGIONAL PERSPECTIVE FOR INDIABhutan provides a regional perspective. Since 2021, it has mined Bitcoin with hydropower, amassing a $1 billion-plus reserve by May 2025. Born from tourism's decline, this approach now supports public services and sustainability with its renewable energy capacity, has the full scale of capability to adapt this model, though scale and regulation pose distinct challenges. Bhutan's success suggests digital assets can stabilise economies, a point worth MAKES BITCOIN STAND OUT?Bitcoin stands apart as an asset without an issuer—a commodity, not a security, as the US SEC now recognises. Like gold, it has no central authority; no government, bank, or company controls it. This decentralisation is its bedrock, setting the stage for three defining traits: scarcity, liquidity, and 21 million Bitcoins will ever exist, which, unlike traditional currencies or even assets like stocks, bonds, or commodities that face oversupply and hence inflation, has a fixed mirrors gold's finite nature but operates at digital speed. Bitcoin trades globally 24/7, offering liquidity unmatched by most decentralised assets; gold, by contrast, sits static in vaults or jewellery, less fluid in daily its blockchain—a public, tamper-proof ledger—makes every single transaction verifiable to anyone, reducing the opacity that often clouds traditional qualities echo gold's appeal: a trusted store of value beyond any single entity's grasp. Yet Bitcoin transcends it, digital and dynamic where gold is physical and inert. At $100,000+ today, it's this blend—gold's scarcity with digital fluidity—that earns it the 'digital gold' label by many including the White an intuitive shorthand: finite and reliable like metal, but built for a borderless, tech-driven also stands out because of its programmability and portability. It can move at the speed of the internet, settle transactions with verification but, without intermediaries, and be stored securely with modern cryptography-based an increasingly digital and decentralised world, it aligns with how the next generations are thinking about money and ROLE OF REGULATIONRegulation remains pivotal. India's crypto policy—taxed but unregulated—needs clarity to unlock potential. During its G20 presidency in 2023, India chaired the formation of a crypto working group with the IMF, tasked with shaping global standards. While its recommendations will take their due course, we are seeing other jurisdictions including Russia, China, and Brazil from the BRICS, and other G20 nations led by the US, race ahead—not pausing for IMF's recent classification of Bitcoin as a capital asset further sharpens the need for direction. Clear regulation could bring both transparency and the required oversight to this emerging asset class—enabling responsible innovation while protecting a rising investor is essential for fostering institutional confidence and building a framework where Bitcoin can play a meaningful role in India's macroeconomic stands at a pivotal juncture. A measured Bitcoin strategy—perhaps a reserve pilot—could strengthen economic resilience and project modernity. As the US advances and nations like Bhutan adapt, India has a unique opportunity to lead.(Pradeep Bhandari is a national spokesperson of the Bharatiya Janata Party. Views expressed are personal.)- EndsMust Watch
Yahoo
05-04-2025
- Business
- Yahoo
Bitcoin price rises ahead of Trump crypto summit
Bitcoin (BTC-USD) surged over 5% on Thursday, soaring past $91,000 after dipping below $82,000 just two days ago. The sharp rally comes as investors brace for the upcoming White House Crypto Summit on Friday, where the US government is expected to unveil new cryptocurrency policy initiatives. US president Donald Trump and key administration officials are set to meet with cryptocurrency industry leaders to discuss the future of digital assets and potential regulatory frameworks. Confirmed attendees include Coinbase (COIN) CEO Brian Armstrong, Chainlink (LINK-USD) co-founder Sergey Nazarov, and Strategy (MSTR) co-founder Michael Saylor, among others. Read more: Crypto live prices US secretary of commerce Howard William Lutnick disclosed that Trump is set to unveil measures regarding the long-debated US Strategic Bitcoin Reserve, which could mark a shift in how the US government approaches digital assets. The proposed reserve would see the US government acquiring approximately 200,000 bitcoin (BTC-USD) annually over a five-year period, eventually accumulating 1 million BTC. Advocates argue that such a reserve could strengthen national financial security and provide a hedge against economic volatility, much like traditional commodity reserves such as the Strategic Petroleum Reserve. Read more: What Trump's planned banking deregulation means for investors However, skeptics warn that large-scale government involvement in bitcoin could disrupt market dynamics and raise regulatory concerns. Last Sunday evening, Trump unveiled plans for a broader US Crypto Reserve, extending beyond bitcoin to include other digital assets like XRP (XRP-USD), Cardano (ADA-GBP), and Solana (SOL-USD). Crypto investors have rushed to position themselves ahead of potential government intervention. However, some analysts have suggested that experienced traders are taking a more cautious approach ahead of the event. "This Friday marks a historic milestone — the first-ever White House Crypto Summit," QCP Capital analysts said in a report. "However, without any concrete executive orders, funding commitments, or congressional backing in place, many in the market remain in wait-and-see mode." Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetSign in to access your portfolio
Yahoo
20-03-2025
- Business
- Yahoo
Bitcoin price rises ahead of Trump's speech at crypto summit
Bitcoin's (BTC-USD) price has surged ahead of US president Donald Trump's anticipated address at the Digital Asset Summit (DAS) in New York on Thursday. Bitcoin rose more than 3% on Thursday to trade above $86,000 (£66,382), a 7% gain in the past week, according to CoinGecko data. Trump's upcoming speech follows a significant policy move earlier in March, when he signed an executive order establishing the US Strategic Bitcoin Reserve (SBR). The order states that bitcoin deposited into the reserve will not be sold, but instead maintained as a long-term strategic asset to bolster the US's financial stability. Joining the speaker lineup at DAS is Strategy's (MSTR) — formerly MicroStrategy — Michael Saylor, who will deliver a keynote speech, BlackRock's (BLK) head of digital assets Robbie Mitchnick and Nasdaq's (^IXIC) head of US equities & exchange-traded products Giang Bui. Trump's participation was confirmed following comments from Bo Hines, executive director on digital assets for president Trump, who spoke at DAS earlier this week. Hines reiterated the administration's commitment to bitcoin accumulation for the Strategic Bitcoin Reserve, saying: "It's high time that our president started accumulating assets for the American people, which is what president Trump is doing rather than taking it away.' Read more: Crypto live prices In a post on Blockworks co-founder Jason Yanowitz said: 'When we started Blockworks, we could barely get someone from a bank to attend an event. Now we have a sitting US president addressing 2,500 institutional participants. It is incredible how far this industry has come." During his 2024 presidential campaign, Trump said he wanted to position the US as the 'world's crypto capital.' In the summer of 2023, he spoke at the Bitcoin 2024 conference in Nashville, Tennessee, where he hinted at plans to form a national bitcoin reserve. Since taking office in January, he has signed executive orders instructing regulatory bodies to accommodate digital assets, established a White House crypto advisory team, and created both the US Strategic Bitcoin Reserve and Digital Asset Stockpile. He has also appointed pro-crypto figures to key regulatory positions, including the SEC and Treasury Department. Bitcoin's price increase comes as the US Federal Reserve left its benchmark federal funds rate unchanged at 4.25%-4.50% on Wednesday, marking the second consecutive pause following three straight rate cuts in late 2024. The Fed's latest economic projections indicate a slowdown, with 2025 GDP growth now expected at just 1.7%, down from December's 2.1% forecast. Growth projections for 2026 and 2027 have also been revised downward. "Uncertainty around the economic outlook has increased," the US central bank said, likely referring to economic volatility stemming from Trump's proposed tariff policies. Read more: What are bitcoin ETNs? In addition to slowing growth, core PCE inflation is now forecasted at 2.8% for 2025, up from the previous 2.5% estimate. Projections for 2026 and 2027 remain at 2.2% and 2.0%, respectively. The Fed's "dot plot" still continues to project two rate cuts by the end of this year. At Wednesday's Federal Open Market Committee press conference, Fed chair Jerome Powell also announced that the central bank will slow the pace of its balance sheet reduction from April. As part of this shift in quantitative tightening (QT), the Fed will lower the monthly cap on Treasury securities allowed to mature without reinvestment from $25bn (£19bn) to $5bn (£3.86bn), effective 1 April. When the Federal Reserve slows quantitative tightening or implements quantitative easing (QE), it injects liquidity into the financial system, which could lead to greater capital flows into riskier assets, such as bitcoin. Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internet
Yahoo
06-03-2025
- Business
- Yahoo
Bitcoin price rises ahead of Trump crypto summit
Bitcoin (BTC-USD) surged over 5% on Thursday, soaring past $91,000 after dipping below $82,000 just two days ago. The sharp rally comes as investors brace for the upcoming White House Crypto Summit on Friday, where the US government is expected to unveil new cryptocurrency policy initiatives. US president Donald Trump and key administration officials are set to meet with cryptocurrency industry leaders to discuss the future of digital assets and potential regulatory frameworks. Confirmed attendees include Coinbase (COIN) CEO Brian Armstrong, Chainlink (LINK-USD) co-founder Sergey Nazarov, and Strategy (MSTR) co-founder Michael Saylor, among others. Read more: Crypto live prices US secretary of commerce Howard William Lutnick disclosed that Trump is set to unveil measures regarding the long-debated US Strategic Bitcoin Reserve, which could mark a shift in how the US government approaches digital assets. The proposed reserve would see the US government acquiring approximately 200,000 bitcoin (BTC-USD) annually over a five-year period, eventually accumulating 1 million BTC. Advocates argue that such a reserve could strengthen national financial security and provide a hedge against economic volatility, much like traditional commodity reserves such as the Strategic Petroleum Reserve. Read more: What Trump's planned banking deregulation means for investors However, skeptics warn that large-scale government involvement in bitcoin could disrupt market dynamics and raise regulatory concerns. Last Sunday evening, Trump unveiled plans for a broader US Crypto Reserve, extending beyond bitcoin to include other digital assets like XRP (XRP-USD), Cardano (ADA-GBP), and Solana (SOL-USD). Crypto investors have rushed to position themselves ahead of potential government intervention. However, some analysts have suggested that experienced traders are taking a more cautious approach ahead of the event. "This Friday marks a historic milestone — the first-ever White House Crypto Summit," QCP Capital analysts said in a report. "However, without any concrete executive orders, funding commitments, or congressional backing in place, many in the market remain in wait-and-see mode." Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internetSign in to access your portfolio
