‘It’s gonna happen’—Bitcoin price braces for the big Trump earthquake

On January 24, 2025By Littum

Bitcoin and crypto prices have fluctuated wildly over the past week as US President Donald Trump begins his second term – teasing huge crypto plans.

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Bitcoin price has regained $100,000 per bitcoin, rising as traders predict a so-called “God candle” may be about to hit the market.

Now, after Trump’s crypto czar has declared that a new age has “just begun,” a presidential pardon for Silk Road founder Ross Ulbricht has sent expectations that Trump will follow through on his campaign promise to create an American bitcoin reserve.

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US President Donald Trump has said he wants to create a bitcoin warehouse – potentially blown up … (+) bitcoin price.

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“If Ross Ulbricht got the pardon, we’ll definitely get the strategic bitcoin reserve,” crypto YouTuber and influencer Anthony Pompliano submitted to X. “Trump will make history with the stroke of his pen.”

In December, Trump confirmed that he plans to establish a US bitcoin strategic reserve. “We’re going to do something great with crypto because we don’t want China or anybody else … but others are embracing it and we’re going to be ahead,” Trump told CNBC.

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

In July, then-Republican candidate Donald Trump pledged to create a “strategic national bitcoin reserve” and predicted that bitcoin could eclipse gold’s $16 trillion market value during an appearance at the Bitcoin 2024 conference.

Ulbricht, the founder of the dark web marketplace Silk Road, who went by The Princess Bride movie-inspired moniker Dread Pirate Roberts and helped popularize the use of bitcoin for online transactions, has been granted a full pardon by Trump fulfilling a campaign promise.

Following the announcement, Tesla billionaire and Trump adviser Elon Musk said he had asked whether Roger Ver, an influential bitcoin and crypto developer, can receive a similar pardon over tax evasion charges.

The odds of Trump creating a US bitcoin warehouse on the Polymarket prediction platform shot up after being pardoned by Ulbricht, who was serving multiple life sentences without the possibility of parole after his 2015 conviction.

Forbes‘Tense Up’ – Bitcoin Price Prepared For ‘Insane’ Week After Huge Trump Crypto BombshellBy Billy Bambrough

Bitcoin price has been rising over the last year and has risen to a new record this week after … (+) the inauguration of Donald Trump.

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“The odds of that (strategic bitcoin reserve) just skyrocketed, it’s going to happen,” said David Bailey, CEO of Bitcoin Magazine publisher Bitcoin Inc, which organized the bitcoin conference Trump spoke at last year. submitted to X.

Trump’s launch of a controversial and much-mocked memecoin over the weekend had somewhat dampened spirits in the bitcoin and crypto community ahead of his inauguration on Monday, but Ulbricht’s pardon has re-energized bullish bitcoin speculators who believe Trump will create a crypto “golden age”.

“Welcome home Ross. Bitcoiners stand with you,” Jack Mallers, CEO of bitcoin wallet company Strike, submitted to X.