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news-imageDecember 3, 2024

Bitcoin Reserve Rejected? Trump Prioritizes Dollar, TD Cowen Casts Doubt on Digital Asset Adoption

TD Cowen analysts argue that Trumps strong commitment to dollar dominance makes adopting a Bitcoin reserve improbable, as advocates face an uphill battle for policy change. Trumps Dollar-First Strategy Blocks Bitcoin Reserve Proposals According to TD Cowen analysts, incoming US President Donald Trumps steadfast confidence in the dollars primacy as the global reserve currency makes him unlikely to back calls for a US Bitcoin reserve, Investing.com reports.
Publisher: Tokenpost
Sentiment: Negative
BTC

More News Articles

Positive
cover-imageCoindesk
December 4, 2024

MSTR vs. BTC

After the election, bitcoin's price soared to nearly $100,000, causing MicroStrategy's stock to also rise to over $500 before recently experiencing a significant drop due to short selling concerns, prompting an investigation into potential market opportunities between owning MSTR and BTC, says Glenn Rosenberg.

Neutral
cover-imageProactive Investors
December 4, 2024

Bitcoin remains range bound as Trump mulls SEC replacement

Benchmark cryptocurrency bitcoin (BTC) remains stuck in a sideways trading pattern as the glow of its post-election all-time high continues to dim. Bitcoin nearly shot above the $100,000 price point for the first time ever in the week following Donald Trump's successful election campaign.

Positive
cover-imageCrypto Economy
December 4, 2024

MicroStrategy's November BTC Yield Hits 38.7%, Adding $312M Daily in Value

TL;DR MicroStrategy has achieved a 38.7% increase in its Bitcoin investment during November, accumulating a reserve of 402,100 BTC. The company acquired 149,880 BTC in November and plans to raise $42 billion through its “21/21 Plan” to continue expanding its portfolio. The return on its investment could generate $9.4 billion in net income for shareholders.

Positive
cover-imageBenzinga
December 4, 2024

Bitcoin, Ethereum ETFs Recorded Over $800 Million In Inflows On Tuesday

Bitcoin (CRYPTO: BTC) spot ETFs recorded a total net inflow of $676 million on Tuesday, marking the fourth consecutive day of inflows. What Happened: Among the major players, BlackRock‘s IBIT (NASDAQ:IBIT) ETF led with an impressive daily net inflow of $693 million, while Fidelity‘s (CBOE: FBTC) ETF saw a net inflow of $52.2 million, according to data from SoSo Value.

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