Central Bank’s Bold Moves: The Rising Interest in Bitcoin – BitRss

The global popularity of cryptocurrencies is reaching new heights, with the number of crypto-friendly countries on the rise, and the United States poised to join this group soon. The repercussions of the cryptocurrency journey that began with Trump are likely to be discussed for years to come, but currently, the focus is shifting towards a different central bank.

Central Bank’s Cryptocurrency Acquisition

Trump advocates for the Federal Reserve to create a Bitcoin $97,425 reserve. While this sounds promising, there are significant challenges on the implementation side. Powell opposes this notion and indicates that the narrative does not garner strong support among Republicans. Additionally, the lack of solid backing from Republicans is discouraging, especially given the legal regulations required for such a reserve.