Key Takeaways
- Bitcoin worth surged to $69,300 right this moment, registering a 3% improve in 24 hours.
- Trump’s speech would possibly declare Bitcoin as a US reserve asset.
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Bitcoin is poised to surpass the $70,000 mark as anticipation builds for Donald Trump’s upcoming speech on the Bitcoin 2024 Convention in Nashville. In keeping with information from CoinGecko, earlier right this moment, Bitcoin’s worth peaked at $69,300, reflecting a 3% improve over the previous 24 hours.
Trump has already arrived in Nashville, able to ship his keynote speech in lower than half-hour. Speculations are rife that his speech would possibly embody a exceptional announcement concerning Bitcoin’s position in US monetary technique.
US presidential candidate Robert F. Kennedy Jr. steered that Trump would possibly reveal plans to designate Bitcoin as a reserve asset.
“I perceive that President Trump might announce tomorrow his plan to authorize the US authorities to buy a million Bitcoins as a strategic reserve asset, and I applaud that announcement,” mentioned Kennedy, talking on the Bitcoin 2024 convention on Friday.
David Bailey, CEO of BTC Inc., famous the Bitcoin neighborhood’s strong help for Trump, who has shifted from his beforehand essential view of cryptos to now accepting donations in them and selling home Bitcoin mining.
Bitcoin’s worth surged previous $67,000 earlier this week in anticipation of Trump’s keynote speech, CoinGecko’s information exhibits.
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