Now I'm starting to see big companies investing in Bitcoin. I saw a commercial the other day talking about it. But I hope governments don't try to stick their hands in it. That would defeat the purpose!!
They’re starting too. Trump has his own coin called “trumpcoin”, which has taken a lot of crypto off the market. His wife also has a crypto coin.
The United States is also launching a bitcoin reserve system.
Bitcoin Magazine CEO David Bailey stated that the U.S. government is implementing the proposed Bitcoin reserve faster than anticipated.
thecryptobasic.com
President Donald Trump’s executive order, signed on March 6, outlines a national crypto asset reserve for Bitcoin. Meanwhile, industry pundits believe the administration is detailing its approach within days or weeks instead of a gradual rollout.
Broader Benefits of US BTC Reserve
Meanwhile, discussions have emerged regarding the broader implications of the executive order. Matt Hougan, chief investment officer at Bitwise,
highlightedthat the move significantly reduces the probability of a future Bitcoin ban in the U.S.
Additionally, it increases the likelihood of other nations establishing similar reserves. The order also pressures foreign governments to act swiftly, as a short-term window now exists for nations to accumulate Bitcoin before further U.S. acquisitions.
Notably, the executive order eliminates long-standing regulatory uncertainty surrounding cryptocurrencies.
According to Solana founder Anatoly Yakovenko, the order does not serve as a bailout but instead provides clearer guidelines for digital assets.