Trump’s Latest Crypto Antics: Can Bitcoin Take Over the World?

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Well, folks, hold onto your hats, because U.S. President Donald Trump, in his infinite wisdom, decided to grace the Digital Asset Summit in New York City with his glorious presence. This, of course, marks a historical moment—the first time since the White House Crypto Summit that he will address an assembly of industry professionals. Could this be the start of something… revolutionary? Or just another bizarre chapter in the never-ending saga of Trumpism? We shall see. 🧐

The Calm Before the Storm… of Tweets

Our ever-reliable journalist, Eleanor Terrett, has teased that a “big announcement” is coming from the Trump camp. Could it be? A new direction for digital assets? Or is it just another one of those Trumpian surprises, like the time he promised to build a crypto wall or something? Stay tuned. ⏳

🚨SCOOP: Big announcement coming from @realDonaldTrump on #crypto policy. Prepare yourselves. 👀

— Eleanor Terrett (@EleanorTerrett) March 19, 2025

Stakeholders are, of course, eager to hear whether President Trump will, in fact, unleash a policy on Bitcoin’s Strategic Reserve or perhaps announce a U.S. Digital Asset Stockpile, to rival that of some grand, dystopian nation. Not that anyone’s counting on it, but hey, it could happen, right? 🤷‍♂️

Before the address, Trump urged Congress to get off its collective backside and pass the stablecoin legislation that the crypto world so desperately wants. He also made it clear: he’s pro-Bitcoin. In case you missed it, here’s his speech, which sounds like something out of a weird crypto fairy tale:

“Together, we will make America the undisputed Bitcoin superpower and crypto capital of the world,” President Trump proclaimed to a room full of intrigued crypto enthusiasts.

Rumor has it, Trump might soon issue an executive order addressing the crypto industry’s frequent struggles with banking services. The excitement is palpable… or maybe it’s just the caffeine from too many energy drinks. 🥤

Meanwhile, the crypto world is buzzing after Bo Hines, the Executive Director of the White House President’s Council of Advisers on Digital Assets, hinted that the administration might just be hoarding Bitcoin like some kind of digital pirate. According to him, the Trump administration’s stance on Bitcoin is simple: “As much as we can get, right?” 🏴‍☠️

Bitcoin: Trump’s New Treasure Chest?

The Digital Asset Summit saw a bunch of big shots strutting their stuff, including Strategy Inc. Chairman Michael Saylor, ARK Invest’s CEO Cathie Wood, and Ripple CEO Brad Garlinghouse. Meanwhile, on the political side, Mohamed El-Erian, the Chief Economic Advisor, and Tom Emmer, Majority Whip of the Financial Services Committee, decided to join the fun. But let’s be honest: the real party was all about Trump’s impact on digital assets. 🎉

Oh, and there was also the re-introduction of the Bitcoin Act Bill by Senator Cynthia Lummis and Congressman Nick Begich, which aims to secure a whopping one million Bitcoin over the next five years. But, you know, no pressure, right? Just a casual little goal for the U.S. government. 😏

The market’s response? Mixed. Bitcoin seems to be holding its ground at $85,065, with a modest 0.47% growth in the last 24 hours. But the altcoins? They’re like that one friend who always has a bad day—Ethereum‘s down 4.44% at $1,974.63, while Binance Coin (BNB) is a little better, up 2.24% at $623.59. Someone’s doing well. 🤑

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2025-03-20 23:22