CoinShares: Adoption of Bitcoin Act Could Lead to Significant Interest in Cryptocurrency
According to a research blog by asset manager CoinShares, the adoption of the Bitcoin Act would greatly benefit the cryptocurrency industry. The bill would give bitcoin a reserve status similar to that of gold, leading to increased governmental and institutional interest in the asset. CoinShares believes that the Trump administration's stance on cryptocurrencies is positive, making the adoption of the Bitcoin Act a highly anticipated development.
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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What's next for the crypto industry following Donald Trump's election victory?
With Donald Trump securing victory in the U.S. presidential election and the prospect of a Republican-controlled House and Senate, speculation has begun on what’s next for the crypto industry ahead of his Jan. 20 inauguration.The crypto community wants to see Trump’s campaign promises — including appointing a crypto-friendly SEC Chair, commuting the sentence of Ross Ulbricht, and creating a national strategic bitcoin reserve — fulfilled.
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