Traders in the bitcoin market have been waiting in anticipation over the past few weeks for updates regarding U.S. President Donald Trump’s plans for bitcoin, all while trying to protect themselves from a new, unidentified threat related to crypto wallets.
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The price of bitcoin has remained steady throughout March, hovering around $85,000, even in light of an impressive and insightful bitcoin price prediction that stirred the market.
With the Federal Reserve potentially preparing to open the “floodgates,” a high-ranking White House official disclosed that the U.S. may consider using its gold reserves to purchase bitcoin.
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U.S. President Donald Trump has pledged to transform the nation into the world’s bitcoin … More
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“Utilizing the gains from [the U.S. gold reserves] would provide a budget-neutral strategy to acquire further bitcoin,” stated Bo Hines, the White House executive director of the president’s council of advisors on digital assets, in an interview with the Crypto in America podcast, mentioning that numerous concepts are in the works and that the “best ideas” will ultimately be realized under Trump.
“I’ll direct you towards Senator [Cynthia] Lummis’ Bitcoin Act of 2025, which contemplates how we can ascertain the true value of some of the gold certificates,” Hines added.
Lummis reintroduced her Bitcoin Act recently, advocating for the U.S. to acquire 1 million bitcoin, roughly 5% of the total supply, over a five-year span through the sale of federal gold certificates.
Earlier this week, during a bitcoin and crypto conference, Hines articulated the U.S.’s desire to “acquire as much [bitcoin] as we can.”
“It is time for our president to start accumulating assets for the benefit of the American populace, which is what President Trump is working towards, instead of divesting,” Hines said, in reference to Trump’s executive order that prohibits the sale of bitcoin and crypto acquired through U.S. seizures.
During the same conference, Trump delivered a pre-recorded message, pledging to establish the U.S. as “the leading bitcoin superpower and the crypto capital of the globe… Individuals like you will enhance our banking and payment systems and foster greater privacy, safety, security, and prosperity for American consumers and businesses alike,” Trump remarked. “You will spark an extraordinary surge in economic growth.”
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Since Donald Trump’s electoral victory, the bitcoin price has surged but has recently pulled back … More
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Trump’s remarks, lauding the merits of bitcoin and crypto technologies, have instilled confidence in the market regarding his continued support for these assets.
“Bitcoin is redefining the rules of wealth accumulation and economic freedom for everyone—a notion recognized by President Trump at the Digital Assets Summit as he pledged to make the U.S. a ‘bitcoin superpower,’” remarked Cory Klippsten, CEO of the bitcoin-exclusive app Swan Bitcoin, in an email.
“The adoption by nation-states is unavoidable; however, the real transformation lies in empowering individuals to create a more equitable and prosperous future.”
The recent stagnation in bitcoin prices has been attributed to macroeconomic factors, though many analysts remain optimistic that this downturn represents a short-term adjustment rather than the start of a prolonged trend.
“The bearish trend in bitcoin prices is influenced by external factors including trade tensions, uncertainties in fiscal and monetary policies, as well as geopolitical issues. The global landscape is undergoing significant structural changes, and we anticipate that both bitcoin and gold will outperform other asset classes in the upcoming months,” stated Ed Hindi, Chief Investment Officer at Switzerland’s Tyr Capital, in comments shared via email.
“In the grand scheme, bitcoin is still showing resilience and will likely receive solid support around the $75,000 mark. We still predict new record highs exceeding $125,000 by 2025.
