‘Tipping Point’—Crypto Braced For $280 Trillion Price Bitcoin Reserve After Trump Picks

• The document outlines plans for a U.S. bitcoin reserve—predicted to generate $16 trillion to $81 trillion, offset the U.S. national debt that’s spiraled to just over $36 trillion this year and “solidify the U.S. dollar as the foundation of the 21st-century digital financial system.”


• 12/23 update: U.S. president-elect Donald Trump has appointed former college football player Bo Hines as the executive director of the newly created presidential council of advisers for digital assets, known as the “crypto council.”


• “In his new role, Bo will work with David to foster innovation and growth in the digital assets space, while ensuring industry leaders have the resources they need to succeed,” Trump wrote in a post on his social media platform Truth Social, referring to tech investor David Sacks, the recently appointed White House artificial intelligence and crypto czar.


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• U.S. senator Cynthia Lummis has introduced a bitcoin reserve bill to Congress, suggesting the U.S. Treasury purchases 200,000 bitcoin every year until the reserve reaches one million bitcoin.


• Among other eye-catching numbers, Saylor’s pitch envisions expanding “global digital capital markets from $2 trillion to $280 trillion, with U.S. investors capturing the majority of this wealth,” and driving “growth in digital assets (beyond bitcoin) from $1 trillion to $590 trillion, with the United States dominating this industry.”


• As the bitcoin and crypto market booms, it will create “massive demand for U.S. Treasuries,” according to Saylor, referring to stablecoin issuer Tether’s huge U.S. Treasuries stockpile that’s helped it record profits of $10 billion in 2024.

Source: forbes.com

• As of November, 1,991 CEOs have departed from their companies, “the highest total on record,” according to a Dec. 20 report from the company. “It has surpassed the previous record of 1,914 CEO exits that occurred in all of 2023. It is up 16% from the 1,710 exits that occurred during the same period last year.”

Source: theepochtimes.com