Bitcoin prices surged to $88,000 after a major leak confirmed President Donald Trump’s plans for U.S. crypto policy. The news comes amid heightened tensions with Russia, which is gearing up for a crypto showdown with the US. According to sources, Trump’s executive director Bo Hines revealed that the White House aims to accumulate as much bitcoin as possible.
Trump previously announced his commitment to bitcoin during the White House crypto summit, where he proposed using Ripple’s XRP and other cryptocurrencies for a U.S. reserve. However, plans have since been revised to prioritize bitcoin over smaller cryptocurrencies.
Hines confirmed that the U.S. Treasury will work to maximize the value of its bitcoin holdings in a strategic reserve. The announcement was made during a pre-recorded speech by Trump at the Blockworks Digital Asset Summit, which is set to be broadcast on Thursday morning.
The news has sparked excitement among traders and investors, but also raised concerns about potential risks. As Russia prepares for a crypto showdown, the U.S.’s plans for accumulating bitcoin are seen as a key move in the ongoing competition between the two nations’ digital currencies.
Source: https://www.forbes.com/sites/digital-assets/2025/03/20/leak-fuels-wild-speculation-of-a-big-trump-crypto-update-as-bitcoin-price-suddenly-surges