Former SEC chairman Gary Gensler announced his resignation, and Reuters reported that Donald Trump’s crypto council is expected to establish a 1,000,000 BTC bitcoin reserve. This has pushed bitcoin prices up to $99,000 and could see the United States competing with other countries to purchase the digital currency.
Current demand for bitcoin is high, with US spot bitcoin ETFs having accumulated over 1 million coins so far this year. MicroStrategy has also recently completed another $3 billion raise to buy more bitcoin. The future of the bitcoin reserve remains uncertain, but if it does happen, it could be a historic moment for the cryptocurrency.
