Crypto Era: Trump Puts Pressure on the USA in the Bitcoin Tube

With the inauguration of the Bitcoin-friendly President Donald Trump, a new chapter for cryptocurrencies in the USA begins. Experts anticipate that municipalities and state governments might increasingly show openness to crypto investments. Particularly in public pension funds and state treasuries, a shift in thinking might occur to include Bitcoin in the future. Advocates view Bitcoin as a valuable hedge against inflation, comparable to gold. They argue that integrating Bitcoin into state investments stabilizes the price and increases the legitimacy of the cryptocurrency. Meanwhile, skeptics criticize the high speculation rate of these assets and warn of potential losses. Nevertheless, cryptocurrencies are already experiencing remarkable successes. Bitcoin reached the $100,000 mark, and the US Securities and Exchange Commission approved the first Bitcoin ETFs. These developments are fueled by Trump's ambitions to make the USA a "Bitcoin superpower." Political support is growing, and new legislative regulations could further expand Bitcoin holdings in the USA. A new bill proposed by Senator Cynthia Lummis is already on the federal agenda to establish a national Bitcoin reserve. Recently, a proposal in the Pennsylvania House of Representatives caused a stir, aiming to enable the state treasury to invest in Bitcoin. Although the bill initially failed, it has sustainably revived the discussion about crypto investments. The initiative by the Satoshi Action Advocacy group is also having an effect: next year, similar legislative texts could follow in at least ten more states.