NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: VanEck Predicts Bitcoin Could Reach $2.9 Million In New Long-Term Capital Report
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: VanEck Predicts Bitcoin Could Reach $2.9 Million In New Long-Term Capital Report

Donald Trump Reveals Plans For US Government’s 213,239 Bitcoin If Elected

Scott Matherson
Scott Matherson
Last Updated: July 29, 2024 11:00 am
3 mins read
Donald Trump Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

US Republican Presidential candidate Donald Trump made his much-anticipated appearance at the Bitcoin 2024 conference in Nashville on July 27. Trump made several promises to the crypto voters in attendance, including what he would do to the US government’s Bitcoin holdings if elected. 

What Donald Trump Plans To With The US Bitcoin Holdings

During the Bitcoin conference, Trump stated that if elected, his administration would implement a policy mandating the US government to keep “100%” of the Bitcoin it currently holds or acquires. Trump made this statement while remarking that the government has, up until now, “violated a cardinal rule that every Bitcoiner knows by heart,” which is never to sell their BTC.

Related Reading

Solana

Solana Confirms Upside Breakout With Bullish Pennant – Here’s The Target

1 year ago

Data from the on-chain analytics platform Arkham Intelligence shows that the US government currently holds 213,239 BTC ($14.87 billion). However, the government is known to have offloaded some of its holdings in the past, with its last confirmed sale coming in April when it sold 1,754 BTC. 

Trump’s plan for the US to hold all of its Bitcoin holdings undoubtedly provides a bullish outlook for Bitcoin, considering the impact that the US government’s BTC sales have had on the token’s price in the past. Moreover, the US holds the most Bitcoin among all governments. Therefore, such a move could remove a significant amount of Bitcoin from circulation for a considerable period. 

It is worth noting that most of the US government’s Bitcoin holdings came about through the seizures made from the dark web marketplace Silk Road, which Ross Ulbricht created. Interestingly, Trump again reaffirmed his promise to commute Ulbricht’s sentence if he is elected. 

However, even if he eventually becomes a free man, it remains unlikely that Ulbricht will be able to recover the 50,591 BTC that was reportedly recovered from the hacker who stole Ulbricht and Silk Road in a previous hack. This is because the Silk Road founder forfeited claims to these funds in 2022 to offset the unpaid balance of his money judgment. 

How Trump’s Candidacy Continues To Provide A Bullish Outlook For Crypto

Before the conference, Trump had already affirmed his support for Bitcoin and other cryptocurrencies. This led to several predictions that Bitcoin could reach unprecedented heights if Trump wins the US presidential elections in November. For instance, Standard Chartered predicted that Bitcoin could reach $150,000 by year-end if the former President wins. 

Related Reading

Cardano whales

Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA

1 year ago

A Trump victory is also expected to usher in clearer and more favorable crypto regulations, which will undoubtedly positively impact crypto prices. This is most likely to happen, seeing how the US Securities and Exchange’s (SEC) regulation by enforcement approach has left a sour taste on the crypto market. Interestingly, Trump promised to fire the SEC chair, Gary Gensler, who has spearheaded this approach from the Commission so far. 

Bitcoin price chart from Tradingview.com
BTC price above $69,000 | BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Tweet123Share196ShareSend
Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

Read more

Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

2026 比特幣預測大出爐!華爾街目標價上看 22.5 萬美元-加密貨幣新聞

2026 年才剛開局,加密市場就先給你一個「先拉再甩」的經典開場。$BTC 本週一度逼近 95,000 美元後回落,最新仍在約 90,000–91,000 美元區間震盪;$ETH 也同步走弱,市場情緒...

newsbtc 4 hours ago
Bitcoin

$460M Crypto Longs Squeezed As Bitcoin Slips Below $90,000

Data shows the crypto derivatives market has faced a fresh wave of liquidations as Bitcoin and other assets have gone...

Keshav Verma 10 hours ago
Crypto

3 Vital Factors Needed For A Lasting 2026 Crypto Surge, Bitwise CIO Unveils

The cryptocurrency market recently experienced a brief uptick, but it has once again encountered increased volatility, with Bitcoin (BTC) and...

Ronaldo Marquez 11 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cathie Wood: Trump May Buy Bitcoin For US Reserve Ahead Of Midterms

Cathie Wood: Trump May Buy Bitcoin For US Reserve Ahead Of Midterms

Jake Simmons 1 hour ago

Why The Bitcoin Price Could Crash Another 20% To $76,000 Soon

Scott Matherson 2 hours ago
Bitcoin news

Bitcoin Indicator With 84% Hit Rate Flashes Again: Is A Price Rally Next?

Jake Simmons 6 hours ago

Premium Sponsors

Press Releases

  • 新しい仮想通貨として浮上する次世代ブロックチェーン資産、投資家の注目が集まる理由

    ...

    26 minutes ago
  • ドージコイン 今後:予想外の急反発で強気派が主導、2021年相場の再来となるか

    ドージコイン...

    48 minutes ago
  • シバコイン 今後vs Maxi Doge

    シバコイン 今後vs Maxi...

    56 minutes ago
  • リップル 今後の価格見通し:XRPは上昇後に再蓄積局面へ、3.20ドル目標が再浮上

    リップル...

    1 hour ago
  • 2026年に注目される仮想通貨 プレセール:1ドル未満で見つかる2つの有望銘柄

    2026年に注目される仮想通貨...

    1 hour ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.