TRUMP's market capitalization soared to $70 billion in two days.
On Monday, U.S. stock indices were closed, and the dollar index fell below 108 points, down nearly 1%. U.S. stock index futures rose slightly, with the Nasdaq futures index up 0.45% and the S&P 500 futures index up 0.4%. The inauguration speech concluded without mentioning Bitcoin. Returning to the main topic: Massachusetts Senator Peter Durant proposed a bill to establish a BTC reserve in the state. Currently, eight states in the U.S. have proposed related bills regarding 'BTC reserves', including: Oklahoma, New Hampshire, Wyoming, Texas, Pennsylvania, Ohio, and North Dakota. David Sacks, the White House AI and cryptocurrency director appointed by Trump, stated that the U.S. hostility towards cryptocurrency has ended, and a new era of cryptocurrency innovation in the U.S. has just begun. The Congressional Budget Office (CBO) estimates that the U.S. budget deficit for fiscal year 2025 will be $1.865 trillion, while the budget deficit for fiscal year 2024 will be $1.832 trillion. According to current laws, the U.S. public debt is expected to reach 99.9% of GDP by 2025 and rise to 118.5% by fiscal year 2035. Musk indicated that x is considering reintroducing the short video sharing platform Vine. Venture capitalist Nick Tomaino stated that Trump holds 80% of the TRUMP share and launched it just hours before the inauguration, which is predatory; Trump should airdrop it to the public instead of using it to enrich himself or his team. DWF Labs co-founder Andrei Grachev remarked that millions of Americans received a clear message from Trump that he is doing the best promotion for the cryptocurrency market. Justin Sun stated that Trump's coin issuance means that U.S. cryptocurrency regulation will become friendlier, and it is entirely possible for the U.S. to treat BTC as a reserve asset, which will intensify competition in the cryptocurrency industry.
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