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International Business Times
International Business Times
Business
Marvie Basilan

INSANE: Btc climbs on news trump will announce bitcoin reserve at crypto summit | Rare Historical Photos

Bitcoin Howard Lutnick Crypto Donald Trump Commerce White House United States Cameron Winklevoss
Bitcoin may soon join gold in the U.S. strategic reserves trove. (Credit: Traxer/Unsplash)

KEY POINTS

  • Lutnick reiterated that the president is very much interested in a $BTC reserve
  • He said other crypto assets to be considered for the reserve will be treated 'differently'
  • Bitcoin prices climbed above $90,000 following the news

U.S. President Donald Trump is expected to announce a national strategic Bitcoin reserve on Friday, at least according to Commerce Secretary Howard Lutnick, who is known for his pro-innovation views.

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