A Trump administration could implement several policies to boost Bitcoin, including:
- Establishing a National Bitcoin Stockpile: Trump proposed that the U.S. government would keep all Bitcoin it currently holds and acquire more over time, potentially amassing up to one million Bitcoins to serve as a strategic reserve[1][4].
- Creating a Crypto Advisory Council: This council would focus on developing regulations favorable to the crypto industry, ensuring that policies are shaped by advocates rather than critics[1][2].
- Blocking Federal Reserve CBDC Initiatives: Trump opposes the creation of a central bank digital currency (CBDC), arguing it poses risks to financial freedom and could undermine Bitcoin's position[1][2].
These measures aim to enhance Bitcoin's legitimacy and value while attracting investment and support from the crypto community.
Citations:
[1] Election 2024: Where Trump And Harris Stand On Crypto | Bankrate https://www.bankrate.com/investing/where-trump-and-harris-stand-on-crypto/
[2] Trump's big cryptocurrency bet - CBS News https://www.cbsnews.com/news/trump-cryptocurrency-campaign-nashville/
[3] Donald Trump and the Strategic Bitcoin Reserve https://executiveacademy.at/en/news/detail/donald-trump-and-the-strategic-bitcoin-reserve-opportunities-risks-and-political-motives/
[4] Donald Trump's Plan to Hoard Billions in Bitcoin Has Economists Stumped https://www.wired.com/story/donald-trumps-plan-to-hoard-billions-in-bitcoin-has-economists-stumped/
[5] Bitcoin approaches a three-month high ahead of US election https://www.euronews.com/business/2024/10/22/bitcoin-approaches-a-three-month-high-ahead-of-us-election
[6] Will the US presidential election define the future of crypto? https://www.bbc.co.uk/news/articles/c0lwgn9p8z4o
[7] Trump's new crypto business could create more conflicts if he's elected https://apnews.com/article/trump-harris-elections-crypto-cryptocurrency-treasury-blockchain-29df24818d03e557c6c434533052b33c
[8] A Roadmap for President Trump's Crypto-Crackdown https://corpgov.law.harvard.edu/2019/08/06/a-roadmap-for-president-trumps-crypto-crackdown/
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