Bitcoin recognized as digital gold: The U.S. Treasury Department has officially acknowledged Bitcoin as ‘digital gold’, noting its KEY role as a store of value similar to gold. From a market valuation of 6.4 billion USD in 2015, Bitcoin is projected to reach approximately 1.3 trillion USD by 2024, underscoring its rising importance.
Trump supports Bitcoin policies: President Trump’s nomination of Scott Bessent, a Bitcoin advocate, as Treasury Secretary shows a significant policy shift. This move, coupled with plans for a national Bitcoin reserve, signals evolving U.S. Strategies towards digital currencies, supported by influential figures like Federal Reserve Chair Jerome Powell and ARK Invest CEO Cathie Wood.