#2: Trump — not the "Bitcoin President" we expected

Dear Bitcoin Daily Readers,

Donald Trump has now been sworn in as the President of The United States of America for the second time. A lot of Bitcoiners were keenly awaiting this event just to hear Trump lay out his idea of creating a Strategic Bitcoin Reserve during his inauguration ceremony. But crickets! Not only he did not mention any Strategic Bitcoin Reserve, he did not even utter the word “Bitcoin”. Disappointing right? But we do have some positive news regarding the new presidency.

So, here’s our daily dose of Bitcoin News for our precious subscribers:

1. Donald Trump's World Liberty Financial purchased $47 million in Wrapped Bitcoin — With all the disappointment that besieged Bitcoiners with the launch of the $TRUMP memecoin, this move, although still a bit displeasing — brought an array of sanity to the whole Presidential memecoin saga. The entire idea of a “Pro Crypto” president has been unfolding in real time and this certainly is not what we anticipated.

2. Rumble adds Bitcoin to its balance sheet! — The CEO of the video streaming platform Rumble, Chirs Pavlovski reveals on X that the platform made its first purchase of Bitcoin on January 17th.

   Companies are starting to realize the inevitability of Hyperbitcoinization and this is just the beginning. The advantage of having a Bitcoin reserve has been noticeably evident for Microstrategy. So, if you are a company looking for an avenue to deposit your surplus capital — you should seriously consider Bitcoin.

3. The State of Utah proposes a bill allowing up to 10% of state funds to be invested in Bitcoin and stablecoins! Though this is just a consideration and not a finalization, it clearly indicates the direction in which Bitcoin is heading. Soon nation states will be fighting for every single satoshi in the market.

That’s all we have for you today. We try to stay short and crisp so that you get the most value in the least amount of time. This news week has been too congested by the second-time President and we can expect some more of it for the coming days. That being said, stay safe and keep stacking!

See you tomorrow!