'Tipping Point' -- Crypto Braced For $280 Trillion Price Bitcoin Reserve After Trump Picks

Contributing sentiments towards policy:

66% : ""In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed," Trump wrote in a post on his social media platform Truth Social, referring to tech investor David Sacks, the recently appointed White House artificial intelligence and crypto czar.
62% : Last week, Trump confirmed he plans to establish a U.S. bitcoin reserve, telling CNBC he'd like the U.S. to create a bitcoin strategic reserve similar to its oil reserve.
59% : However, by the summer of 2024, Trump had become a strong advocate for bitcoin.
54% : "There has been an effort in the Washington bureaucratic swamp to stifle innovation... but president Trump will deliver on his promise to encourage American leadership in crypto," Trump transition team spokesperson Brian Hughes said in a statement reported by Reuters.
49% : Now, as a leak reveals Russia could beat the U.S. to a bitcoin reserve, Trump has been pitched a "capital markets renaissance fueled" by bitcoin to "unlock trillions in wealth" by MicroStrategy founder Michael Saylor.
37% : Trump has also appointed the pro-bitcoin and crypto Stephan Miran, a former Treasury official from the first Trump White House, and current economist with Hudson Bay Capital Management, to chair the Council of Economic Advisors (CEA).

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.