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- Gate July 2025 Transparency Report:
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Let the American encryption industry dominate the world! Trump reiterated that the "EncryptionCoin Strategic Reserve" is imperative
US President-elect Donald Trump previously stated that he wanted to 'create a BTC strategic reserve' before the election, and now he has made it clear that establishing a 'Cryptocurrency strategic reserve' will be a necessary step for the US to dominate the global digital asset field.
Build a cryptocurrency reserve, Trump aims to lead the world
In an interview with financial celebrity Jim Cramer on Thursday, Trump was asked, "Are you considering creating a cryptocurrency reserve similar to a strategic oil reserve?" In this regard, Trump bluntly said:
I think so. We will achieve extraordinary achievements in the field of crypto assets, because we don't want China or any other country to take the lead. We hope to be at the forefront of this competition.
BREAKING: President-elect Donald Trump says, “Will be doing something great with crypto.” pic.twitter.com/47TFh8j7NM
— Bitcoin Magazine (@BitcoinMagazine) December 12, 2024
After the intensification of the US presidential election this year, Trump's attitude towards Cryptocurrency has undergone a significant change. In the past few years, he has been skeptical of Cryptocurrency, but in July of this year, he announced that if elected, he would dismiss Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), and intended to establish a 'BTC Strategic Reserve,' winning the support of many Cryptocurrency supporters. The DeFi project 'World Liberty Financial,' endorsed by him, has further fueled this trend, attracting widespread attention.
After Trump's victory in the election, the price of BTC skyrocketed, soaring from around $68,000 before the election to a historic high of $103,000.
According to informed sources, Trump 'hopes very much' to see BTC break through the $150,000 mark during his tenure.
〈To make the US encryption industry dominate the world! Trump reiterates the need for an 'encryption currency reserve'〉This article was first published in 'Block Times'.