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A previous huge and important U.S. strategic reserve was for petroleum, founded in 1975 as a response to price and supply disruptions after the 1973 Arab oil embargo.
After a blistering post-election rally that saw Bitcoin (CRYPTO: BTC) soar by nearly 40%, investors were quick to credit the pro-crypto optimism surrounding a Donald Trump presidency. While ...
Trump's pledge to create a bitcoin stockpile has been one ... that it would send bitcoin to $500,000. His forecast is based on the idea that other countries would feel pressured to follow suit and ...
Bitcoin could hit $500,000 by the end of Trump's second term, Standard Chartered estimates. ... that these two factors will increase bitcoin's price by around $100,000 each year, before gains ...
Republican presidential nominee and former U.S. President Donald Trump speaks at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. How a bitcoin stockpile would work
Bitcoin price predictions for 2025 Bitcoin went on a nice run to end 2024, and the presidential election win of crypto-friendly Donald Trump has also helped drive crypto prices higher.
Analysts point out that the Fed is unlikely to take a dovish stance in early 2025, which could keep Bitcoin in a lackluster trading range. Inflation data further complicates the picture.
The charts below compare the price appreciation of Bitcoin, the S&P 500, and Nasdaq Composite between Jan. 20, 2017 (Trump's first inauguration), and Dec. 6, 2024. The obvious takeaway is that ...