US President Donald Trump announced that Bitcoin is going to “Dil” of a national strategic crypto reserve, the head of Standard Chartered Bank’s Digital Essate Research Geoff Kandrick’s head Chartered Bank said he was now focusing on its “$ 500,000 bitcoin price target”.
“We have gone from selling rallies to buying dips,” Kendrick Allegedly It is said in an email. “And so I focus on my $ 500,000 bitcoin target again … Given these developments, which align with our previous expectations, we continue to target bitcoins to reach $ 200,000 by the end of 2025. After that, we expect to reach $ 300,000 by the end of 2026.”
Kendrick further discussed that the embrace of Trump’s bitcoin in a strategic reserve could also give individual states fuel to adopt their own bitcoin reserves, and eventually, keep all bitcoins together as a federal government.
Vaek’s Matthew Sigale recently gave a recent report on the possible accumulation of bitcoin by individual states, showing that if the law was signed, the demand from these 20+ strategic bitcoin reserve bills could see the purchase of more than 242,787 BTC states. You can track the status of these bills Here on bitcoin laws,
An announcement of an official bitcoin reserve of Trump could also support fuel for the strategic reserve bill of Senator Synthia Lummis, unveiling at the Bitcoin 2024 conference in Nashville in the last summer, which is not purchased by the US as unless we buy a 1,000,000 BTC per year. Lummis has already met Trump’s new Crypto Caesar David sax And treasury secretary Scott Besant About his bitcoin reserve bill, and Said In January that тАЬEvery MLA is giving this law a serious form. Now is the time. The President is a visionary leader and we are ready to bring this bill to his desk. ,
