US Commerce Secretary: Trump will 'announce Bitcoin reserves' at White House encryption summit, pushing BTC to a high of $91,000

According to 'The Pavlovic Today', U.S. Secretary of Commerce Howard Lutnick revealed that Trump is expected to announce a major shift in Cryptocurrency policy this week, with the most important being the plan to establish a strategic reserve for BTC at the White House Cryptocurrency Summit on March 7. (Background: ADA was specifically selected for the U.S. encryption reserve by Trump, how does Cardano use narrative to create a Bull Market illusion?) Last week, the White House announced that President Trump will hold his first Cryptocurrency Summit since taking office on March 7 at the White House on the East Coast. Trump will deliver a speech at the summit, with encryption czar David Sacks as the host, and attendees will include industry celebrities and members of the Presidential Digital Assets Working Group. U.S. Secretary of Commerce: Trump will announce the BTC strategic reserve at the White House encryption summit. According to 'The Pavlovic Today', U.S. Secretary of Commerce Howard Lutnick revealed yesterday evening that Trump is expected to announce a significant shift in Cryptocurrency policy this week, including the plan to establish a BTC strategic reserve: President Trump definitely approves of the BTC strategic reserve. The question now is, how do we deal with other Cryptocurrencies? I believe the President will officially announce the relevant model on Friday (White House Cryptocurrency Summit). The President is interested in the BTC strategic reserve, which he mentioned more than once during the campaign. I think we will see it on Friday. BTC broke $90,000 or inspired by this news, BTC broke the $90,000 mark this morning, reaching a high of $91,052. However, it is important to note that neither Trump nor the White House has made an official response to this matter. Will Trump really announce the BTC strategic reserve plan this week? We'll have to wait until 3/7 for the final revelation. (Taiwan time is expected to start at 2:30 am on Saturday (8th) this week) Trump advocates advancing AltCoin strategic reserves. Worth mentioning, before the White House Cryptocurrency Summit, Trump also instructed the Presidential Working Group to advance AltCoinCryptocurrency strategic reserves, including XRP, SOL, ADA, sparking market discussions and related Token big pumps. However, regarding Trump's move, Matt Hougan, Chief Investment Officer of Bitwise, pointed out in a recent report that including these AltCoins in the strategic reserve does not seem like a strategic choice but more of a political consideration, so he reminded investors not to get too excited. Nevertheless, Matt Hougan expects Trump to eventually introduce some form of reserve plan, with a pure BTC reserve being the best choice. Related reports: Trump's 'private' Cryptocurrency reserve plan? Advertising openly? Implementation with great uncertainty Wall Street rumored: Trump deliberately triggers economic recession to resolve $36 trillion debt crisis Trump's son Eric Trump advocates BTC and ETH three times this year with a '100% failure rate', is it bad luck or premeditated? 'U.S. Secretary of Commerce: Trump will announce BTC reserve at White House encryption summit' BTC hits $91,000 high. This article was first published on BlockTempo, the most influential blockchain news media on Block trends.