“It Will Happen” – Bitcoin Prices Bracing for a Huge Trump Earthquake

Bitcoin and cryptocurrency prices have swung wildly over the past week as US President Donald Trump begins his second term, sparking massive cryptocurrency plans.

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The price of Bitcoin has reclaimed $100,000 per BTC, rising as traders anticipate that the so-called “God’s Candle” may be about to hit the market.

Now, with Trump's crypto czar declaring that “a new era has only begun,” the presidential pardon of Silk Road founder Ross Ulbricht has raised expectations that Trump will fulfill his campaign promise to create a US bitcoin reserve.

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Forbes Shock Trump Leaks Spark Cryptocurrency Price Surge – Boosting Bitcoin, XRP, and SolanaBy Billy Bambrough

US President Donald Trump said he wants to create a stock of Bitcoin, which could explode… [+] Bitcoin price.

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“If Ross Ulbricht gets a pardon, we will definitely get the Bitcoin Strategic Reserve,” cryptocurrency user and influencer Anthony Pompliano posted on X. “Trump will make history with the stroke of his pen.”

In December, Trump confirmed that he plans to create a strategic reserve of Bitcoin in the United States. “We're going to do something great in crypto because we don't want China or anyone else to embrace it…but other people embrace it, and we want to be on top of it,” Trump told CNBC.

“Yes, I think so,” Trump said in response to a question about whether the United States would create a strategic reserve of Bitcoin similar to its oil reserve.

In July, Republican candidate Donald Trump promised to create a “strategic national bitcoin reserve” and predicted that bitcoin would surpass gold’s $16 trillion market cap during an appearance at the 2024 Bitcoin Conference.

Ulbricht, the founder of the dark web marketplace Silk Road who went by the nickname Dread Pirate Roberts inspired by the movie The Princess Bride and helped popularize the use of Bitcoin in online transactions, was granted a full pardon by Trump, fulfilling his campaign promise.

Following the announcement, Tesla billionaire and Trump adviser Elon Musk said he asked whether Roger Ver, an influential Bitcoin and cryptocurrency developer, might receive a similar pardon on tax evasion charges.

The odds of Trump creating a US Bitcoin stock on forecasting platform Polymarket rose after the pardon of Ulbricht, who was serving multiple life sentences without the possibility of parole following his 2015 conviction.

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Forbes “Fasten Your Seat Belt” – Bitcoin Price Prepares for a “Crazy” Week After Trump’s Huge Crypto BombBy Billy Bambrough

The price of Bitcoin has soared over the past year, rising to a new all-time high this week after… [+] Donald Trump's inauguration.

Forbes digital assets

“Possibilities for [strategic bitcoin reserve] “It's just going up, and it's going to happen,” David Bailey, CEO of Bitcoin magazine publisher Bitcoin Inc who organized the Bitcoin conference Trump talked about last year, posted on X.

Trump's launch of the controversial and widely mocked memecoin over the weekend dampened the sentiment of the bitcoin and cryptocurrency community somewhat ahead of his inauguration on Monday, however, Ulbricht's pardon has re-energized bitcoin bulls who believe… Trump will create a “golden age” for cryptocurrencies. “.

“Welcome home Ross. Bitcoin holders stand with you,” Jack Mallers, CEO of Bitcoin wallet company Strike, posted on X.

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