Bitcoin price rises before Trump’s speech at the top of encryption

Bitcoin (BTC-UsdPrice rose to US President Donald Trump’s speech expected at the DAS Summit in New York on Thursday.

Bitcoin rose by more than 3 % on Thursday for more trading Data.

The next Trump speech follows a A major political move Earlier in March, when he signed an executive order that creates the American Bitcoin Strategic Reserve (SBR). It states that bitcoin deposited in the reserve will not be sold, but instead, it has been preserved as a long -term strategic asset to enhance the financial stability of the United States.

Join the DAS collection is the strategy (Mstr– Previously Microstrategy – Michael Sailor, who will deliver a major speech, Black Rock (BLK) The head of digital assets, Ruby Michnik and Nasdak (^IOCEThe President of the United States shares and traded products, Jiang Boy exchange.

Trump’s participation was confirmed after Bo Heins, CEO of President Trump’s digital assets, who spoke at DAS earlier this week. Henz reiterated the administration’s commitment to bitcoin accumulation of the Bitcoin Strategic Reserve, saying: “It is time for our president to start accumulating the assets of the American people, which President Trump does instead of taking it.”

Read more: Trying direct prices

In a post on the X.com BlockWorks, co -founder Jason Yanowitz said: “When we started Blockworks, we can barely get someone from a bank to attend an event. Now we have an American president sitting addressing 2500 institutional participants. It is incredible to what extent this industry has reached.”

During his 2024 presidential campaign, Trump said he wanted to put the United States as “the world Encryption The capital. ”In the summer of 2023, he spoke at the Bitcoin 2024 conference in Nashville, Tennessee, where he alluded to plans to form the Bitcoin National Reserve.

Since he took office in January, he has signed executive orders to direct the organizational bodies to accommodate digital assets, created a White House encoding consultative team, and established both the American strategic bitcoin reserves and the inventory of digital assets. He has also appointed pro -Crypto numbers in the main organizational positions, including the SEC Ministry of SEC and the Treasury.

Bitcoin prices increase as The American Federal Reserve left the rate of federal funds in the period that did not change at 4.25 % -4.50 % on WednesdayOn the occasion of a second consecutive pause after three consecutive discounts in late 2024.