Bitcoin’s price has climbed over 3%, surpassing $86,000, marking a 7% increase over the past week. This surge comes ahead of US President Donald Trump’s highly anticipated speech at the Digital Asset Summit (DAS) in New York. The price rally follows Trump’s executive order from earlier in March, which established the US Strategic Bitcoin Reserve (SBR), aimed at strengthening the country’s financial stability by holding bitcoin as a long-term asset.
Trump’s upcoming remarks at DAS have fueled excitement, with other notable figures set to speak, including Michael Saylor of Strategy (formerly MicroStrategy), Robbie Mitchnick from BlackRock, and Giang Bui of Nasdaq. His participation was confirmed after Bo Hines, the executive director on digital assets for Trump, reaffirmed the administration’s dedication to accumulating bitcoin for the Strategic Bitcoin Reserve.
Hines stressed that Trump is focused on securing assets for the American people rather than taking them away. This announcement has boosted investor confidence, driving bitcoin’s recent price gains. As the cryptocurrency market continues to develop, Trump’s speech at DAS is expected to offer key insights into his administration’s approach to digital assets and their potential role in shaping the future of the US financial system.
