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Trump may designate Bitcoin as US reserve asset on first day in office

Donald Trump is expected to issue an executive order on his first day in office to designate Bitcoin as a US reserve asset, potentially purchasing a significant amount. The Bitcoin Act of 2024 aims for the Treasury and Federal Reserve to acquire 200,000 BTC annually, which could drive prices to as high as $800,000 by the end of 2025, according to experts. BlackRock suggests a 1-2% portfolio allocation to Bitcoin, which could further elevate its value significantly.
Cointelegraph
United States Dollar BlackRock, Inc. USA Perianne Boring Jack Mallers Cynthia Lummis Paul Henderson Samara Cohen Show more
Finance & Economy, Market Report
15:49 15.12.2024

blackrock recommends limited bitcoin exposure in investment portfolios

BlackRock's iShares Bitcoin Trust ETF has achieved remarkable success, managing $53.8 billion in assets and surpassing its Gold ETF. The firm advises investors to limit Bitcoin exposure to 1-2% of their portfolios due to its volatility and lack of cash flows, while noting that increased adoption could alter its risk profile. Despite Bitcoin's potential as an inflation hedge, Microsoft shareholders overwhelmingly rejected a proposal to invest in the cryptocurrency.
Decrypt
United States Dollar Microsoft Corporation BlackRock, Inc. Vivek Paul Robert Mitchnick Paul Henderson Samara Cohen Jason Nelson Show more
Finance & Economy, Market Report
19:02 12.12.2024
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