Dennis Porter, CEO of the Satoshi Motion Fund, has put out a bombshell of a revelation.
In a latest tweet, Porter said that former President Donald Trump is about to announce a USA Bitcoin strategic reserve throughout his look on the Nashville Bitcoin 2024 convention.
HUGE BREAKING: Trump to announce a USA #Bitcoin strategic reserve in Nashville 🇺🇸 – Sources
— Dennis Porter (@Dennis_Porter_) July 18, 2024
Will Trump Announce a Bitcoin Fund?
Whereas Porter insists his sources are credible and that this isn’t a joke, the crypto neighborhood stays divided on the chance of such an announcement.
A US authorities Bitcoin reserve would have far-reaching implications. This transfer may legitimize Bitcoin as a nationwide asset and affect international financial insurance policies.
Including gas to the hypothesis, analyst Nick Ford shared his imaginative and prescient of how Trump may body such an announcement: “Effectively, of us, I’ve all the time been a person of imaginative and prescient, a person who sees alternatives the place others see obstacles. You recognize that. That’s why at present, I’m saying one thing large, one thing large. We’re going to purchase authorities Bitcoin. That’s proper.”
Ford’s hypothetical situation even features a worth prediction, suggesting Bitcoin may hit “$80K in a single candle” following such an announcement.
Nevertheless, it’s essential to method these claims with warning. Trump’s previous statements on cryptocurrencies have been blended.
Trump has modified his stance on cryptocurrency over time. From being anti-crypto, he has change into a pro-candidate.
The Nashville Bitcoin 2024 convention is a much-awaited occasion. All eyes shall be on Trump’s speech, particularly.
Additionally Learn: Reddit Ballot Exhibits Mt. Gox Collectors Favor Holding Bitcoin
