US and China's Bitcoin Cold War: Trump Answered "Yes" to the Known Question! - Coin Bulletin

Donald Trump has confirmed a plan to create a Bitcoin strategic reserve to take over the leadership of the United States in cryptocurrency, and this move has caused a major stir in global markets.

According to the news presented by Forbes, Donald Trump has clearly established an important place in the agenda this year by openly showing his interest in cryptocurrencies.

Trump's confirmation of planning to establish a strategic Bitcoin reserve in the US has caused a major stir in the cryptocurrency market. This announcement coincided with a leak suggesting Russia is preparing to start a possible “Bitcoin cold war.”

Following Trump's election victory in November, Bitcoin saw new highs, rising above $100,000. A manager at a major financial institution on Wall Street described this surge as 'Bitcoin FOMO' (fear of missing out).

Speaking to CNBC, Trump emphasized that the US should not lag behind in the crypto field. "We are going to do something great with crypto because we do not want China or any other country to lead in this area. We want to get ahead."

When asked about the possibility of the US establishing a strategic reserve similar to oil reserves for Bitcoin, Trump confirmed the plan by saying, "Yes, I think it will happen".

Bitcoin Strategic Reserve and the Crypto Future of the US

Please provide the text to be translated. In July, while campaigning as a Republican candidate, Trump promised to create a 'national Bitcoin strategic reserve.' He even claimed that this reserve has the potential to exceed the $16 trillion market value of gold.

One of the names supporting these plans is Republican Senator Cynthia Lummis. Lummis has introduced a bill called the "BITCOIN Act" to Congress. This law aims to reduce the national debt of the United States from 35 trillion dollars by purchasing 1 million Bitcoins within five years.

Russia and the Bitcoin Cold War

Meanwhile, developments from the Russian front are also noteworthy. According to information emerged this week, Russia's lawmakers have started working on creating a strategic reserve of Bitcoin for the country.

This move comes after President Vladimir Putin praised Bitcoin as an alternative to the foreign currency reserves seized by Western governments following the Ukraine invasion. Please provide the text to be translated. If Trump implements his Bitcoin reserve plans, larger fluctuations are expected in the markets.