FOREX NEWS & BLOG

Will Bitcoin Keep Going Up? U.S. Interest in BTC Reserves Sparks Price Speculation

Will Bitcoin Keep Going Up? U.S. Interest in BTC Reserves Sparks Price Speculation

April 16, 2025 8:39 pm |

A quiet policy shift in Washington may set the stage
for the most aggressive Bitcoin price surge yet if the US acts on it. Experts from the Bitcoin Policy Institute believe the
federal government could ignite a parabolic BTC rally by accumulating a massive
Bitcoin reserve, with one estimate placing the price at $1 million per coin.

US Government Bitcoin Purchase

In a recent podcast appearance, Zach Shapiro, head of
policy at the Bitcoin Policy Institute (BPI), explored the implications of the
US government buying 1 million Bitcoin. He described the scenario as a potential “global
seismic shock” that could instantly send the price surging to seven
figures, Cointelegraph reported.

The comments came in the wake of President Donald Trump’s March 7 executive order directing the creation of a
Strategic Bitcoin Reserve and a broader digital asset stockpile.

That policy, aimed at positioning the US as a “Bitcoin
superpower,” instructs agencies to explore budget-neutral strategies for
accumulating Bitcoin without burdening taxpayers.

This “Bitcoin arms race” could reframe national power
in digital terms. Pines added that strategic assets like oil, gold, and land
sales could help fund Bitcoin purchases. Revenues from tariffs and royalties
are also considered non-tax sources of funding.

Tariffs as a Tool for Bitcoin Acquisition

On April 2, Trump issued another executive order
imposing a baseline 10% tariff on all imports. While the broader impact on
trade remains uncertain, Pines pointed to tariffs as a potential budget-neutral
method to fund BTC accumulation.

Senator Cynthia Lummis also reintroduced the BITCOIN
Act, which advocates for increasing US BTC reserves beyond the 1 million mark.
The combination of policy proposals, tariffs, and legislative momentum signals
a shifting approach to how the US might integrate Bitcoin into national
reserves.

On April 15, spot Bitcoin ETFs saw $76.42 million in
inflows, marking a second consecutive day of gains, according to data from
Sosovalue. Blackrock, Ark 21Shares, and Bitwise led the charge. In contrast,
ether ETFs lost $14.18 million, continuing a weeks-long outflow trend.

Total net assets in Bitcoin ETFs now sit near $93.72
billion, highlighting a growing divergence in investor sentiment between BTC
and ETH. While Bitcoin ETF activity suggests recovering confidence, Ether’s
continued outflows signal persistent skepticism from institutional players.

This article was written by Jared Kirui at www.financemagnates.com.

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Nasdaq takes a turn for the worse after the peak from the Trump U-turn holds

Nasdaq takes a turn for the worse after the peak from the Trump U-turn holds

April 16, 2025 8:37 pm |

President Trump’s announcement of a 90-day pause to ‘reciprocal but not really reciprocal’ tariffs led to one of the all-time great Nasdaq rallies as the index soared 10%.

The day afterwards it gave a big chunk back before embarking on a fresh effort to make new highs following a weekend suspension of electronics tariffs. However the administration attempted to walk that back and it’s now looking more like a double top at 17,200.

The Nasdaq Composite is down 3.9% today and trading at session lows. It didn’t get any help from Nvidia’s disclosure that it faces new restrictions on China chip sales in yet-another sign of chaotic policymaking. Shares of NVDA are down 10%.

This article was written by Adam Button at www.forexlive.com.

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Powell sees strong possibility that trade progress will move Fed away from goals

Powell sees strong possibility that trade progress will move Fed away from goals

April 16, 2025 8:36 pm |

  • We will be moving away from goals for the balance of the year, perhaps we can resume next year
  • Tariffs are higher than we expected even in our upside case
  • To the extent it takes longer for tariffs to hit, that risks higher inflation expectations
  • Our role is to make sure this is a one-time increase in prices only
  • CEOs he spoke with yesterday say uncertainty and imports are ‘a huge issue’
  • Notes that covid shortages of chips led to disruption of autos and it contributed to inflation
  • We are still at full employment
  • Tension between goals would be a difficult position for the Fed
  • We could well be in that situation and it will be a very difficult judgement
  • There isn’t a modern experience for how to think about high tariff rates — these are higher that Smoot-Hawley
  • Markets are orderly, functioning as would expect
  • We stand ready to supply dollars to global central banks if needed
  • Domestic discretionary spending is small and not the issue regarding US government debt

The stock market is selling off on his comments

This article was written by Adam Button at www.forexlive.com.

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The US treasury auctioned off $13 billion of 20 year bonds at a high yield of 4.810%

The US treasury auctioned off $13 billion of 20 year bonds at a high yield of 4.810%

April 16, 2025 7:13 pm |

  • High yield 4.810%
  • WI level at the time of the auction 4.814%.
  • Tail -0.4 basis points versus six-month average of +0.8 basis points
  • Bid to cover 2.63X vs six-month average of 2.56X
  • Directs 12.32% vs six-month average of 17.9%
  • Indirects 70.68% vs six-month average of 66.8%
  • Dealers 16.99% vs six-month average of 15.3%

This article was written by Greg Michalowski at www.forexlive.com.

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US Customs & Border protection: Collecting $500 million under Pres. Trump’s latest tariffs

US Customs & Border protection: Collecting $500 million under Pres. Trump’s latest tariffs

April 16, 2025 7:03 pm |

The US Customs and Border Protection told CNBC that the department has collected more than $500 million under Pres. Trump’s latest tariffs. That is woefully short of the $2 billion per day that Pres. Trump repeatedly cites.

If true, how long will it take for Pres. Trump to enact tariffs that truly brings in $2B? (or tries too).

The problem is supplies may never make it to port especially from China. If no goods are coming in, no tariffs can be collected.

If the tariffs are not working in hurting China, what hurts would be things like chip exports into China.

This stuff cannot be good.

This article was written by Greg Michalowski at www.forexlive.com.

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Atlanta Fed GDPNow improves to -2.2% from -2.4% at the last estimate

Atlanta Fed GDPNow improves to -2.2% from -2.4% at the last estimate

April 16, 2025 6:52 pm |

The Atlanta Fed GDPNow growth estimate for Q2 improved to -2.2% from -2.4% on April 9. The GPS meant adjusting for imports and exports of gold also improved to -0.1% from -0.2% last estimate.

in their own words

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.2 percent on April 16, up from -2.4 percent on April 9. The alternative model forecast, which adjusts for imports and exports of gold as described here, is -0.1 percent. After recent releases from the US Census Bureau, the US Bureau of Labor Statistics, and the Federal Reserve Board of Governors, both the standard model’s and the alternative model’s nowcasts for first-quarter real personal consumption expenditures growth increased from 0.7 percent to 1.4 percent.

The next GDPNow update is Thursday, April 17. Please see the “Release Dates” tab below for a list of upcoming releases.

This article was written by Greg Michalowski at www.forexlive.com.

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