Breaking: Trump’s Bitcoin Strategic Reserve Announcement Sends BTC Above $90,000
In a groundbreaking development that’s sending shockwaves through the crypto market, Commerce Secretary Howard Lutnick has revealed that President Donald Trump will announce a bitcoin strategic reserve plan at this week’s White House crypto summit. This news, which aligns with Trump’s earlier hints about a revolutionary crypto reserve strategy, has already pushed Bitcoin past the $90,000 mark.
Key Highlights of the Announcement
- Bitcoin to receive “unique status” in the reserve framework
- Price surge from $85,000 to $90,000+ following the news
- Total crypto market cap exceeds $3 trillion
- Major industry leaders to attend Friday’s summit
Market Impact and Strategic Implications
The announcement represents a dramatic shift in U.S. crypto policy, potentially establishing Bitcoin as a strategic national asset. This development comes as Bitcoin faces an unprecedented supply shock, with institutional demand reaching new heights.
Summit Details and Attendees
The White House crypto summit will feature prominent industry figures including:
- Brian Armstrong – Coinbase CEO
- Jesse Powell – Kraken CEO
- Michael Saylor – MicroStrategy Chairman
Policy Framework and Future Outlook
The strategic reserve announcement follows Trump’s executive order prioritizing digital asset growth and aims to reposition the U.S. as a global crypto leader. Market analysts predict this could trigger a sustained rally in Bitcoin prices, with some suggesting targets above $100,000.
Expert Analysis
“This move could fundamentally reshape the global crypto landscape,” says crypto analyst Sarah Chen. “A U.S. bitcoin strategic reserve would legitimize Bitcoin as a national strategic asset, potentially triggering similar moves by other nations.”
Source: Bitcoin Magazine