#Trump Supports Bitcoin Reserves#

Recently, there has been widespread attention regarding the Trump administration's attitude towards cryptocurrencies, especially its stance on Bitcoin. Coinbase CEO Brian Armstrong has stated on multiple occasions that President Trump is excited about building a strategic Bitcoin reserve and believes that the US holding Bitcoin will encourage G20 nations to follow suit. He even predicted that the Bitcoin price will reach millions of dollars. Additionally, Armstrong has said that several finance ministers are paying attention to Bitcoin and expect the US to release clear cryptocurrency regulatory policies. Ripple CEO Brad Garlinghouse also advocated for blockchain at Trump's inauguration and expressed his optimism about blockchain's role in driving economic growth. Franklin Templeton CEO Jenny Johnson believes that the Trump administration will focus on integrating traditional finance with cryptocurrencies and establishing clearer regulatory guidelines. Although Trump did not mention cryptocurrencies in his inaugural speech, Kara Calvert, Coinbase's US Policy Director, stated that cryptocurrencies remain a priority for Trump. Overall, the market generally believes that the Trump administration will adopt positive policies towards cryptocurrencies, which will be beneficial for the development of cryptocurrencies like Bitcoin. However, some experts believe that the Trump administration may impose stricter regulations on stablecoins, such as requiring stablecoin issuers to fully back them with US Treasury bonds. In the future, the Trump administration's approach to cryptocurrencies remains to be seen.