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Bitcoin (BTC-USD) turned optimistic on Saturday after former U.S. President Trump mentioned he would add the cryptocurrency to the nationwide strategic reserve if re-elected.
Trump made the remarks throughout a keynote speech on the three-day Bitcoin 2024 convention. In Nashville, Tennessee.BTC-USD) initially had Dropped greater than 1% all through a lot of Trump’s speech.
“America authorities is likely one of the largest holders of Bitcoin. The federal authorities owns almost 210,000 Bitcoins, accounting for 1% of the whole provide of Bitcoin,” Trump mentioned close to the tip of his speech.
“If I are elected, will probably be the coverage of my administration – america of America – to retain 100% of all Bitcoin at present held or acquired by america authorities into the longer term… This may successfully turn into the Nationwide Strategic Bitcoin Reserve,” he mentioned. Trump added.
Following these feedback, Bitcoin (BTC-USD) jumped again into optimistic territory and have become the final up 0.9% to $68,063.03.
Listed below are some cryptocurrency-focused exchange-traded funds buyers can observe:
- Bitcoin-backed ETFs: (IBIT), (ARKB), (GBTC), (BRRR), (BTCO), (HODL), (BTCW), (FBTC), (BITB) and (EZBC).
- Blockchain ETFs: (BITQ), (DAPP), (BKCH), (BLOK), (CRPT) and (IBLC).
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