Bitcoin Updates: Crypto Tensions Escalate as Trump Moves to Surpass China in Bitcoin Strategy
- Trump administration unveils Bitcoin strategy to counter China and secure dollar dominance via Strategic Bitcoin Reserve and corporate adoption. - Strategy (formerly MicroStrategy) acquires 397 BTC, boosting holdings to $69.1B, surpassing most sovereign reserves through equity offerings. - Executive order halts crypto enforcement, creates seized-asset reserve while GENIUS Act rejects CBDC to prioritize private-sector innovation. - U.S. corporate Bitcoin holdings exceed $110B, but challenges include regul
The Trump administration has launched a comprehensive initiative to establish the United States as the dominant global
Strategy, recognized as the leading corporate purchaser of Bitcoin, revealed on November 3 that it had bought an additional 397
The company has financed these purchases through a series of at-the-market stock offerings, securing $69.5 million just last week. These funds were allocated directly to Bitcoin acquisitions, highlighting CEO Michael Saylor’s ongoing belief that Bitcoin is the “digital gold” of this century, as noted in
During remarks at the American Business Forum in Miami, Donald Trump described Bitcoin as a key pillar of America’s economic and security agenda. “America must lead in crypto, not China,” he asserted, pledging to end what he called the Biden administration’s “war on cryptocurrency.” Trump signed an executive order suspending federal crackdowns on crypto businesses and introduced the Strategic Bitcoin Reserve, which will consist of confiscated digital assets, as outlined in
The administration also enacted the
This U.S. approach comes as China continues to broaden its reach in the crypto industry, despite domestic prohibitions on trading and mining. While the Chinese government has prioritized its official digital yuan (e-CNY), it’s estimated that Chinese citizens collectively own 194,000 BTC—worth $20.7 billion—according to a
At the same time, the U.S. has become the world’s largest Bitcoin holder, with institutional investment accelerating across industries. Publicly listed firms now possess over $110 billion in Bitcoin, with Strategy’s holdings making up almost 3% of the total supply, as reported by a
Following the administration’s announcements, Bitcoin’s price has seen volatility, dropping below $109,000 soon after Strategy’s latest buy before settling near $111,000, as covered by Bitcoin Magazine. While corporate purchases have historically triggered price rallies, experts now emphasize that broader institutional participation and macroeconomic trends are increasingly shaping the market.
Senator Cynthia Lummis, a prominent supporter of cryptocurrency, has put forward a controversial proposal to liquidate Federal Reserve gold reserves in order to acquire 1 million bitcoins—a move she argues would eliminate the national debt and secure a strategic asset for the future, according to a
As the U.S. accelerates its efforts to lead in the crypto sector, obstacles persist. The ongoing government shutdown has stalled crucial regulatory measures, and America’s reliance on China for mining equipment and rare earth elements complicates the transition—issues also raised in the moomoo post. Nevertheless, with the Trump administration intensifying its focus on Bitcoin and corporations continuing to expand their reserves, the digital asset’s place in the global financial system appears increasingly secure.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Global markets are experiencing multiple transformative catalysts supporting the recovery of risk assets. For instance, Trump has revived his proposal to distribute $2000 "tariff dividend" checks to every American using tariff revenues. While the plan faces hurdles such as congressional approval and inflationary concerns, it has already boosted consumer confidence and is expected to inject trillions of dollars in liquidity, benefitting high-growth technology sectors. Meanwhile, the U.S. government shutdown has reached a record 41 days. With the Senate having reached an agreement, it's expected to end on November 11—potentially triggering a renewed fiscal injection of tens of billions of dollars and a V-shaped rebound similar to past shutdown recoveries. Market expectations for a rate cut at the Federal Reserve's December FOMC meeting are also rising, with a 62.6% probability priced in for a 25-basis-point cut. Some Trump-backed officials even advocate for a 50-basis-point reduction, which would extend the easing cycle and further stimulate investment in crypto and AI infrastructure. Together, these factors may drive a 5–10% rebound in total crypto market capitalization, creating a window of opportunity for allocation to high-quality projects.

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