⚡ Bitcoin Conference 2025 Indicates Strategic Support ⚡
- The cryptocurrency hovered near its recent all-time high, supported by important political announcements and legislative endorsements at the Bitcoin Conference 2025 that began a day ago.
- At the conference, Bo Hines, the White House digital asset advisor, reaffirmed the administration's commitment to Bitcoin, describing it as "digital gold."
- Hines stated that the U.S. government has no intention of selling its Bitcoin holdings and aims to accumulate more through strategic reserves.
- Senator Cynthia Lummis also made headlines by announcing that President Donald Trump supports the Bitcoin Bill, a proposal to acquire up to one million Bitcoin over the next five years.
- The legislation is set to be presented to the Senate next week and seeks to officially establish a strategic Bitcoin reserve, initially funded from Bitcoin seized in federal cases.
- These developments come in the wake of President Trump's executive order on March 6, which established the strategic Bitcoin reserve and the U.S. digital asset inventory.
- The Bitcoin Conference 2025 has garnered significant attention, as industry leaders and policymakers discussed the future of digital assets.
