This Week in Bitcoin: Strategy Stalls, But White House Plans to Buy More BTC

A week after the US President Trump announced a strategic Bitcoin reserve, it acts actively -usually thanks to broader macro -economic uncertainties arising from the new commander of Chief’s dramatic and unpredictable policy.

Bitcoin was priced at just over $ 84,000 per coin from late Friday evening after dipping almost 4% for a period of seven days, Coingecko shows.

But even though it was more than 20% of its record high in January, the slump could be short, analysts said Decrypt.

Thanks to … well, Trump – Again.

An official of the White House told a room of crypto large wigs on Thursday that the new administration wants to acquire as much bitcoin as possible.

This week had no shortage of Bitcoin news.

ETF promotion

American crypto investors continued this week from Bitcoin ETFs, with almost $ 900 million that left the investment vehicles from Thursday, according to to the latest data from Finsheid -Investors.

Now Bitcoin ETFs are left with their golden counterparts, after they briefly overtaken them in December.

Still no worries Decrypt That the products have room this year to walk, where Bloomberg’s ETF analyst Eric Balchunas adds that he thought Bitcoin would probably win the ETF war in the long term.

Bitwise launches another BTC-related ETF

Speaking of ETFs, asset managers still do not think that the pressure on the market: Bitwise has launched a new fund on Tuesday that investors give exposure to listed companies with the largest Bitcoin stashes.

The new BitWise Bitcoin Standard Corporations ETF – INDB – turns 21 companies that have 1,000 bitcoins or more, including strategy (formerly MicroSstrategy), Bitcoin Miner Mara, America’s largest crypto exchange, coinbase and even electric car company Tesla.

Rumble buys more Bitcoin

YouTube rival Rumble was not included in the BitWise index, but the company is a good example of a smaller stack of SATs: the media company last year said that it would assign $ 20 million of its surplus cash reserves to Bitcoin.

And on Wednesday, the Nasdaq-Genten Platform announced that it had bought around 188 orange coins for his treasury at an average price of $ 91,000 per token.

Has strategy been done to buy?

Bitcoin Treasury strategy, which came with the Blueprint Rumble, follows now, has delayed his BTC purchases after a manic stores.

Decrypt Speaked with experts who said it was unlikely that the company-goods are known as a micro-strategy-being long-term plan and was previously focused on his new supply supply, STRK.

White House goes orange

Perhaps the most dramatic for bitcoiners this week, the news dropped that the White House does indeed want to buy more Bitcoin.

Participants at a round table with closed door organized by the Bitcoin Policy Institute on Tuesday attached to Decrypt That the new administration intends to buy as much of the cryptocurrency as possible. That is at least what Bo Hines, the executive director of the presidential working group for digital assets, reportedly said.

The news came after President Trump last week followed by his campaign blade and signed an order to set up a Bitcoin strategic reserve.

Published by James Rubin