News View Non-AMP

Donald Trump’s Bitcoin Executive Order Coming Soon: Here’s What to Expect

Published by
Mustafa Mulla

The cryptocurrency world is buzzing with excitement as U.S. President Donald Trump is expected to announce a major executive order on Bitcoin and cryptocurrencies in the coming days. This announcement could bring much-needed clarity to crypto regulations. At the same time, BlackRock CEO Larry Fink has made an ambitious prediction: Bitcoin could rise to $700,000.

Trump’s Strategic Bitcoin Reserve Proposal

One of Trump’s key promises is to establish a Strategic Bitcoin Reserve for the United States. He wants the U.S. government to keep all the Bitcoin it currently holds and add even more in the years ahead.

Trump plans to collect 1 million Bitcoins over five years, which would account for 5% of the total global Bitcoin supply. Several states have already shown support for this idea. Florida, Wyoming, and Massachusetts have introduced bills to include Bitcoin in their state reserves.

Why States Are Interested in Bitcoin

For individual states, holding Bitcoin could be a smart financial move. Since states can’t print money like the federal government, Bitcoin offers a way to secure their financial future. Adding Bitcoin to their reserves could help protect them from economic instability.

Clear Crypto Policies Ahead

Experts believe that Trump’s administration could introduce policies that make it easier to invest in and use cryptocurrencies. Anthony Pompliano, a well-known crypto advocate, highlighted three key areas where we could see changes:

  • Bank Support for Crypto: Allowing banks to safely hold cryptocurrencies for their customers.
  • U.S. Bitcoin Purchases: Creating a framework for the government to buy Bitcoin as part of its reserves.
  • Tax Reforms: Simplifying taxes on crypto transactions, especially removing capital gains taxes on purchases made with Bitcoin.

These steps could boost confidence in the market and make the U.S. a leader in the global crypto space.

What’s Next for Bitcoin?

Many experts are hopeful about Bitcoin’s future. Larry Fink, CEO of BlackRock, believes Bitcoin could become a haven during economic struggles. He predicts that if more institutions start using Bitcoin, its price could rise to $500,000 or even $700,000.

With Trump’s upcoming announcement and growing interest from states and institutions, the crypto market could see significant changes in the coming days.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Best Cryptos to Buy Right Now for Long-Term Gains in 2025

As crypto continues maturing into a legitimate asset class, investors are shifting from quick speculation…

May 16, 2025

Pi Network News: Can Pi Coin Hit $2.50 in Coming Months?

Pi Coin has seen a wild ride in the market recently. The token jumped to…

May 16, 2025

Why did the Ripple vs SEC Settlement Get Complicated Again?

Ripple and the U.S. SEC are back in the spotlight after a small legal mistake…

May 16, 2025

Ripple News: How Long Till XRP vs SEC Case Actually Ends? Deaton Breaks It Down

The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has felt…

May 16, 2025

XRP Price Prediction: Expert Says ‘This Could Be the Next Bitcoin’

The cryptocurrency market has always been full of surprises — and one coin that’s made…

May 16, 2025

XRP News Today: Judge Rejects $50M Settlement Deal, Ripple and SEC to Revisit Court

Another important update has come in the ongoing legal fight between Ripple Labs and the…

May 16, 2025