Bitcoin prices have surged following the Federal Reserve’s decision to maintain interest rates, with speculation growing over a potential ‘big’ crypto policy announcement from former President Donald Trump.
Bitcoin reached nearly $88,000, buoyed by a significant price prediction milestone. Amid geopolitical tensions involving Russia, a leak suggesting an imminent crypto update from Trump has been confirmed.
Eleanor Terrett, a crypto podcast host, revealed on X that a major announcement regarding Trump’s next steps in crypto policy is imminent from the Blockworks Digital Asset Summit. Blockworks later confirmed this, highlighting a pre-recorded speech by Trump as the first instance of a sitting president addressing a crypto industry conference.
Details of Trump’s speech remain undisclosed, but his executive director Bo Hines previously stated the U.S. aims to accumulate substantial amounts of bitcoin. Last week, Hines indicated the White House plans to purchase significant quantities of bitcoin.
Earlier this month, Trump announced the inclusion of Ripple’s XRP, solana, and cardano in a U.S. crypto reserve, alongside a strategic bitcoin reserve. Trump emphasized bitcoin’s prominence during a White House crypto summit, likening it to a ‘digital Fort Knox.’ His crypto advisor David Sacks noted efforts to maximize the value of U.S.-held cryptocurrencies.
— news from Forbes