Final Draft Of Strategic Bitcoin Bill Near Completion

According to Member of Parliament Yaroslav Zhelezniak, a draft law that would enable the creation of state-level BTC reserves is in its final stage. Speaking at the CRYPTO 2025 conference in Kyiv, Zhelezniak emphasized that a formal submission would be made shortly. The move positions Ukraine to follow the footsteps of the U.S., where President Donald Trump issued an executive order in March 2024 to establish a federal Bitcoin reserve.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Sweden also responded to this global shift when MP Rickard Nordin urged the country’s finance minister to consider Bitcoin as a hedge against inflation.

Legal Hurdles And Economic Realities

While promising, the legislation faces significant legal challenges. Kyrylo Khomiakov, Regional Head at Binance for Central and Eastern Europe, stated, “Implementing a strategic crypto reserve demands extensive legal reform. It won’t be an overnight process.”

Ukrainian regulators are also working to legalize crypto use in coordination with the National Bank and the IMF. On April 8, a proposal to tax specific crypto transactions at rates up to 23% was introduced, excluding crypto-to-crypto trades and stablecoins.

Skepticism From Within The Industry

Not all reactions have been positive. Michael Chobanian, founder of the Ukraine-based Kuna exchange, expressed doubts: “The country is broke. Over 50% of the budget is funded by EU grants and loans. Population is declining rapidly. What kind of BTC reserves are we even talking about? This is pure distraction,” he said.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ukraine Prepares To Make Bitcoin a National Reserve Asset appeared first on Coin Engineer.

Trump’s crypto advisor Bo Hines stated that this strategy, which aims to position the U.S. as a leader in digital assets, aligns with the BITCOIN Act introduced in 2025.

Bitcoin Swap with Gold on the Agenda

In a recent broadcast, Hines clearly stated the government’s use of unconventional funding methods for its Bitcoin accumulation goal, saying: “Tariffs are possible, other creative ways too. Right now, everything is on the table.”

Among the proposed funding methods, redirecting customs revenues and revaluing gold certificates held by the Treasury to convert into Bitcoin stand out. Hines emphasized that these steps would not place an extra burden on taxpayers, meaning the cost would be “zero.”

Goal: Building a Digital Fort Knox with 1 Million Bitcoin

One of the most ambitious goals of the Trump administration is to accumulate 1 million Bitcoin within five years. This massive goal is detailed in the BITCOIN Act and is based on the idea of converting gold reserves into digital money.

Hines hinted that a portion of the gold in Fort Knox could be exchanged for BTC, expressing that this would be possible without disrupting the government’s balance sheet. It was stated that this process would be conducted by an interagency task force led by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.

Blockchain Technology is Transforming the Financial System

The Trump team is not only focused on building reserves but also emphasizes the transformative potential of blockchain technology on the American financial system. Hines noted that the current system is full of problems such as “hidden fees, slow transactions, and lack of transparency.”

“There is too much friction in our banking system,” said Hines, expressing his belief that blockchain will make the system more efficient and transparent. With Bitcoin and blockchain-based solutions, the goal is to increase financial inclusion and strengthen the U.S. position in the digital economy race.

America’s New Digital Power Strategy

While many countries around the world are working on central bank digital currencies and crypto reserves, the Trump administration is preparing to make Bitcoin a national security element with a different strategy.

This approach, to be implemented through tariffs, gold swaps, and coordination between public institutions, could provide a new roadmap for how governments might interact with decentralized financial systems.

Given the increasing institutional interest and the global competition environment, the U.S. plan to establish a Bitcoin reserve is no longer a dream, but is rapidly turning into a concrete strategy.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Surprise Move from Trump: Gold and Tariff Revenues on the Table for Bitcoin Reserve appeared first on Coin Engineer.

Bitcoin price is trading just below its all-time high of $70,000. Tesla CEO Elon Musk’s suggestions for Bitcoin as a possible “financial emergency” have triggered huge speculation in the markets. At the same time, BlackRock CEO’s warnings to the Fed have led investors to brace for volatility that could be triggered by the US central bank and China’s influence.

According to Bitfinex analysts, “Election uncertainty, the ‘Trump trade’ narrative and the positive fourth-quarter seasonal effect are creating a perfect storm for Bitcoin.” The fourth quarter has historically been an uptrend, with the median quarterly return in halving years being 31.34%. This positive seasonal effect, combined with record open interest volume in Bitcoin options and futures, is boosting optimism among market participants towards the end of the year.

Might interest you: What is BabyDoge?

Trump’s Embrace of Bitcoin Supports Prices

Donald Trump’s promise to support Bitcoin and crypto in the 2024 elections is having a positive impact on Bitcoin prices. Trump predicts that if he is re-elected, he will create a “Bitcoin strategic reserve” for the US, which will push Bitcoin’s price past gold. Plans such as paying off a portion of the US’s $35 trillion debt with Bitcoin and ensuring that all Bitcoin mining is done in the US indicate his goal of making the US the “crypto capital of the world.”

Policy Steps by the Fed and China May Affect the Bitcoin Price

The Fed is expected to implement another interest rate cut this week. “In the long run, lowering interest rates will stimulate the credit market and provide more liquidity, and Bitcoin will benefit from this,” said Agne Linge, WeFi’s head of growth, noting that most analysts support a 0.25% cut. This liquidity will dilute the value of the US dollar, reducing its purchasing power.

On the other hand, China is also expected to accelerate its stimulus program this week. Famous Bitcoin investors believe that such measures could trigger a new Bitcoin bull run.

You can join our Telegram channel to not miss the news and stay informed about the crypto world.

The post Fed and China Could Trigger a “Perfect Storm” in Bitcoin Price appeared first on Coin Engineer.

The main drivers of Bitcoin include financial indiscipline in the US, record debt levels, and quantitative easing. This is increasing demand for hard assets, while the success of spot Bitcoin exchange-traded funds (ETFs) in the US is accelerating this trend. Bernstein analysts said, “Bitcoin is out of the bottle and it is difficult to reverse this course,” and added that they are maintaining their target of $200,000 by the end of 2025.

On the Polymarket platform, Trump’s advantage over Harris fell to 3% over the weekend after the Iowa polls. However, Trump still leads in Polymarket with a 57.9% chance, ahead of Harris’ 42.1% chance. On the Kalshi platform, Trump is ahead with a 54% chance, while Harris is ahead with a 46% chance. In national polls, Harris is ahead by 1%, within the margin of error.

Might interest you: What is BabyDoge?

Bernstein analyst Chhugani said that the election results could cause short-term fluctuations in the price of Bitcoin and disagreed with the claims that Polymarket data was manipulated in favor of Trump. He also noted that Harris briefly had a 2% lead in Pennsylvania, but that this quickly turned in Trump’s 14% favor. In Polymarket, Trump is ahead in critical states like Arizona, Georgia and Nevada, while Harris is ahead in Wisconsin and Michigan.

Bitcoin fell 7% from $73,500 on October 29 to $68,596.

You can join our Telegram channel to not miss the news and stay informed about the crypto world.

The post Bernstein Raises Bitcoin Prediction to $80-90K in Trump Victory appeared first on Coin Engineer.

This incident stands out as part of Trump’s transformation in his policy towards cryptocurrencies. Trump, who had previously maintained a distant stance against cryptocurrencies, began accepting crypto donations in his campaign in May this year. Trump has since made clear his intention to make the US the “crypto capital of the world.” He also supports a DeFi project called World Liberty Financial, which his sons are working on. This project aims to offer a non-transferable governance token called WLFI.

You may be interested in: World Liberty Financial Backed by the Trump Family

Trump’s move has had a great impact both in the crypto world and in the political arena.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Historic Bitcoin Move from Trump appeared first on Coin Engineer.

While the crypto and Bitcoin community supported Donald Trump in the US elections, his opponent Kamala Harris’ camp still remains silent on the subject. While Trump openly played the crypto and Bitcoin card, especially to gain the support of young voters, it turned out that those who brought him to this point were three Bitcoin maximalists.

CNBC from the US media reached the details of how Trump became a supporter of Bitcoin and cryptocurrencies in a short time.

Those who convinced someone like Trump, who was against Bitcoin in the past; Bitcoin Magazine CEO David Bailey, Amanda Fabiano, known as a pioneer in Bitcoin mining, and Tracy Hoyos-Lopez, a former California prosecutor, were stated to be the three people living in Puerto Rico and were neighbors to each other.

Trump Made His Bitcoin Decision Made at Dinner in Puerto Rico

The trio, who live in Puerto Rico, a small island in the Caribbean, decided to take action at David Bailey’s suggestion while having a family dinner in early July. Bailey said, “I’ve been in contact with the Trump administration for a while. I’m thinking of organizing a meeting to tell them about Bitcoin mining. Let’s talk about it?”

Bailey knew that a serious donation commitment was needed to convince Trump. That’s why he thought support should be received from mining companies.

“We Couldn’t Have Done It Without Amanda Fabiano”

Tracy Hoyos-Lopez, Bailey’s neighbor in Puerto Rico and passionate about Bitcoin, reached out to a critical name from the Trump administration for the meeting. Hoyos-Lopez said the following on the subject:

“If you want to be considered for Bitcoin, you have to reach out to important people. And when it comes to miners, there is probably no more serious and important group. Without Amanda, we could not have done this. Thanks to her, Trump and his team believed that Bitcoin mining was a legitimate business and activity. She is truly the queen of miners… She brought all the miners and convinced the other side.”

Might interest you: Bitcoin Runes Recorded 15.6 Million NFT Transactions in 4 Months

The trio took action after the dinner they had in Puerto Rico. David Bailey, who had been in contact with the Trump team for months, flew to New York and met with Trump. Following this meeting, Trump agreed to hold a “roundtable” meeting with many Bitcoin mining company executives at his home in Mar-a-Lago.

The Speech in Nashville Came Out of This Meeting

Trump later attended the Bitcoin Conference held in Nashville. The speech he gave here was like the words of a Bitcoin advocate. Trump’s statements, “Bitcoin will never be sold, I will fire Gary Gensler, I will keep people like Elizabeth Warren out of the industry,” were met with great applause.

Fabiano, who played an important role in organizing the meeting, said the following:

“That roundtable meeting felt more real to Trump and his team than they expected. They said, ‘Yes, this industry is real, the dollars that are brought to us for donations are real, and they offer important ideas in terms of the goals of the United States.’ In other words, they were convinced.”

As is known, Bailey started a dialogue with the Trump team in March. Following this dialogue, Trump launched an NFT on the Solana blockchain in April and became the first US presidential candidate to accept cryptocurrency donations in May. Trump, who accepted the “roundtable” meeting, was also convinced to attend the Bitcoin Conference after this meeting.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Three People Who Convinced Trump About Bitcoin Revealed appeared first on Coin Engineer.