U.S. Establishes Strategic Bitcoin Reserve Amid Market Rally

The U.S. government is taking a proactive approach to cryptocurrency by establishing a strategic reserve of Bitcoin and other cryptocurrencies, including Ether and Cardano, according to recent executive orders. This move aims to capitalize on confiscated crypto assets, while the specific details remain undisclosed for now. The creation of this reserve underscores the U.S.’s growing interest in cryptocurrency, particularly as markets rally following a significant correction. Crypto analyst Arthur Hayes predicts Bitcoin will reach $250,000 by year-end, fueled by expected macroeconomic shifts and increased institutional investment.