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Key Points: White House explores Bitcoin reserve, impacting market and policies. A significant shift in U.S. digital asset strategy. Potential influence on global cryptocurrency landscape. The White House, through digital asset policy advisor Bo Hines, has confirmed the U.S. government’s plans to establish a strategic Bitcoin reserve. This move signals a potential shift in U.S. economic policy towards digital assets, potentially influencing global markets. U.S. Envisions Bitcoin as “Digital Gold” Bo Hines, the White House digital asset policy advisor, confirmed efforts to build a strategic Bitcoin reserve. Although preceded by an executive order from March, it didn’t mandate Treasury disclosures. The government might make holdings public and is inclined to accumulate Bitcoin without budget deficit impacts. Expectations of enhanced transparency come alongside a draft legislative framework targeting digital asset markets, as stated by Hines. Notably, Bitcoin is regarded as “digital gold” by the administration, indicating its potential role as a long-term store of value. Reactions from the crypto community are marked by anticipation. Hines emphasized a likely “race to accumulate” Bitcoin due to its finite nature. “There is a finite number of Bitcoin and I think there will end up being a race to accumulate.” — Bo Hines, White House Digital Asset Policy Advisor Market Implications and Bitcoin’s Historical Growth Did you know? While no major Western nation has previously planned Bitcoin accumulation, El Salvador uses Bitcoin in its monetary policy, prompting discussions on the potential implications of a similar move by the U.S. As of June 27, 2025, Bitcoin’s price stands at $107,549.27 with a market cap of $2,138,515,450,426.32 (CoinMarketCap). Its dominance is 65.02%, with a max supply of 21,000,000. The price fluctuated, with a 3.03% rise over 7 days and a 1.29% fall in 30 days. A recent 28.07% increase in 90 days shows significant growth, suggesting increased…

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Filed under: News - @ June 27, 2025 5:25 am