White House Leak Sparks Speculation of Trump Pushing Bitcoin Price Surge, Forbes Reveals

Bitcoin and cryptocurrency prices have been under pressure following a significant sell-off, with Bitcoin currently around $80,000, triggered by Donald Trump's executive order for a U.S. Bitcoin strategic reserve, a move that left markets disappointed. According to Decrypt, Bo Hines mentioned that the White House's goal is to amass as much Bitcoin as possible. Senator Lummis has reintroduced a bill for the U.S. to purchase up to one million Bitcoin over five years, in line with the strategic reserve set in motion by Trump's directive. A White House official has confirmed that these acquisitions will not impact taxpayer funds, ensuring budget neutrality.