{"id":2275,"date":"2024-11-07T14:02:46","date_gmt":"2024-11-07T14:02:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2275"},"modified":"2024-11-07T14:02:46","modified_gmt":"2024-11-07T14:02:46","slug":"bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2275","title":{"rendered":"Bitcoin As America&#8217;s Gold? Trump&#8217;s Bitcoin Act Could Reshape US Reserves, Says CoinShares"},"content":{"rendered":"<div>\n<p>The proposed <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) Act, if passed by the Trump administration, could significantly elevate the apex crypto\u2019s role within the U.S. economy, according to a new CoinShares report.<\/p>\n<p>The act would designate Bitcoin as a <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/40671868\/trumps-bitcoin-strategic-reserve-proposal-will-chip-away-dollars-status-warns-expert-money\">strategic reserve asset<\/a>, permitting the U.S. government to acquire up to 5% of its total supply, <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41785767\/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies\">treating it similarly to gold<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> CoinShares analysts <a href=\"https:\/\/blog.coinshares.com\/how-trumps-victory-could-boost-bitcoin-s-prospects-c5bb8d3c5bc8\">argue<\/a> that such a move would lend Bitcoin historic legitimacy and drive institutional interest, potentially accelerating its growth and pushing its value to unprecedented levels.<\/p>\n<p>On Nov. 6, Bitcoin reached a record high of $76,243, with the crypto community eyeing continued bullish momentum as the policy landscape shifts, following Donald Trump\u2019s <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41783773\/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds\">victory in the presidential election.<\/a><\/p>\n<p>&#8220;The Bitcoin Act would be a major turning point,&#8221; noted <strong>James Butterfill<\/strong>, head of CoinShares Research. &#8220;Treating Bitcoin as a strategic reserve would cement its position as a legitimate &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41807557\/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares\" alt=\"Bitcoin\" as america gold trump bitcoin act could reshape us reserves says coinshares>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The proposed Bitcoin (CRYPTO: BTC) Act, if passed by the Trump administration, could significantly elevate the apex crypto\u2019s role within the U.S. economy, according to a new CoinShares report. The act would designate Bitcoin as a strategic reserve asset, permitting the U.S. government to acquire up to 5% of its total supply, treating it similarly [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2275","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2275"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2275\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}