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Anthony Pompliano: Bitcoin Will Be on U.S. Balance Sheet in 'Next 10, 15 Years' and Investing in Solana for Less Than a Dollar
"Over the next 10, 15 years, for sure, the United States will have some Bitcoin on its balance sheet or kind of in a strategic stockpile. I think the question really just becomes, how aggressive are we in that?"
U.S. Strategic Bitcoin Reserve to Be Funded Partly by Revaluing Fed's Gold, Draft Bill Shows
U.S. Senator Cynthia Lummis's plan for a new Strategic Bitcoin Reserve would finance purchases of the cryptocurrency partly by revaluing gold certificates held by the Federal Reserve System, according to a draft of the legislation obtained by CoinDesk. Lummis, a Wyoming Republican who is known for her Bitcoin-friendly policy stance, announced her intention to propose the reserve on Saturday at the Bitcoin Nashville conference. She came onstage just minutes after former U.S. President Donald Trump, the Republican nominee in this year's presidential race, delivered a speech on blockchain policy before the cheering room, filled to its 8,500-person capacity. Read More: The U.S. Government May Begin Hoarding Bitcoin, But How and Why? Trump, during this speech, endorsed using the U.S. government's existing bitcoin holdings – primarily obtained through forfeitures and seizures related to criminal cases – to form the "core" of a new "strategic national bitcoin stockpile."
Making Bitcoin a Strategic Reserve Asset Contradicts 'Freedom From Government' Narrative, Says WSJ
Donald Trump’s plan to make bitcoin a so-called strategic reserve asset doesn’t make much sense, the editorial board of the Wall Street Journal wrote in an op-ed Tuesday.
Coinbase Earnings Hurt by Low Volume But Trump Could be Wild Card, Analysts Say
Analysts expect a significant drop in Coinbase’s (COIN) second quarter earnings compared to the first quarter, as trading volume and transaction revenue lowered across the industry. The crypto exchange reports earnings after the bell on Thursday with estimates collected by FactSet predicting overall revenue dropping to $1.37 billion from $1.64 billion in the previous quarter. Still, on year-over-year basis, this would be a 94% increase. Earnings-per-share are estimated to land at $0.94 versus the whopping $4.40 in the first quarter but $0.46 from a year ago. “May was a positive month for the crypto ecosystem amid the U.S. Ether spot ETFs approval, however, we saw markets contract in both April and June, muddling the quarter’s aggregate performance,” analysts at J.P. Morgan wrote.
Russia Legalizes Crypto Mining and Brings an Experimental Regime
Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported.
WazirX Co-Founder Nischal Shetty Says All Options Are on the Table for Fund Recovery
Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges "are going to be crucial," as it remains open to "everything that is possible to help solve this situation."
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