March 23, 2025
9,113
333
11
3.77%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:38Now PlayingWith a March 6 executive order, President Donald Trump created a strategic Bitcoin reserve, effectively entrenching Bitcoin’s legitimacy as a mainstream financial instrument. Now the world’s biggest cryptocurrency will rank among the assets held in reserve by the US government, along with gold, oil and cheese.
With the same executive order, Trump also created a government stockpile for all other digital coins the government holds.
The long-awaited moves didn’t result in investor euphoria, however: the price of Bitcoin and most other tokens dropped sharply after the executive order. The fall in value reflected investors’ uncertainty about how the government buying and holding Bitcoin would affect the market in the long-run, in addition to their concerns about tariffs and inflation.
--------
Subscribe to our YouTube channel
Subscribe to Bloomberg Originals
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
Breaking News on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.