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The bitcoin price soared toward $88,000 per bitcoin, adding almost $10,000 from the low it fell to last week, helped by a huge bitcoin price prediction hitting its first milestone.
Now, as Russia is revealed to be gearing up for a crypto showdown with the U.S., a leak that primed the bitcoin price for a “big” crypto update from president Donald Trump has been confirmed.
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U.S. president Donald Trump has been confirmed to be speaking at a crypto conference after news of … [+]
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“I’m told a big announcement regarding Donald Trump’s plans for next steps in crypto policy is coming imminently out of the Blockworks Digital Asset Summit,”
Eleanor Terrett, a former Fox Business reporter who’s now hosting a crypto podcast, posted to X.
Blockworks, a crypto media company, later confirmed the leak, touting a pre-recorded speech by Trump that’s due to be broadcast to attendees on Thursday morning as “the first time a sitting president has ever addressed a crypto industry conference.”
The details of Trump’s speech are not yet known, however, Trump’s executive director of the president’s council of advisers on digital assets Bo Hines earlier told the conference the U.S. wants “as much [bitcoin] as we can get.”
“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,” Hines said, referring to Trump’s executive order that prevents the sale of bitcoin and crypto that U.S. has seized.
Last week, Hines told attendees of a closed-door round table hosted by the Bitcoin Policy Institute that the White House plans to buy as much bitcoin as it can.
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The bitcoin price has rocketed higher over the last year, recently falling back from its all-time … [+]
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Earlier this month, after Trump’s surprise announcement that Ripple’s XRP, solana and cardano would form the basis of a U.S. crypto reserve, the White House shuffled its plans to create a bitcoin-only strategic reserve alongside a crypto stockpile made up of smaller cryptocurrencies.
Trump confirmed his commitment to bitcoin during the much-hyped White House crypto summit, placing it in a unique position above other cryptocurrencies in a reserve described as a “digital Fort Knox” in a reference to the U.S. gold reserve.
Donald Trump’s crypto czar David Sacks said the U.S. Treasury will be working to “maximize the value” of the bitcoin and other cryptocurrencies held by the U.S. in its reserve and crypto stockpile.
“The crypto stockpile should be subject to good portfolio management and fortunately we have a secretary of the Treasury who is an extremely successful former hedge
fund manager so he’s going to figure out the best way to manage these assets and
we give him the flexibility to do portfolio management,” Sacks said, speaking on the All In Podcast he cohosted before taking the White House job.
