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How Likely Is the Strategic Bitcoin Reserve and How Could It Impact Bitcoin's Price?

Thanks to this year's rally in Bitcoin (CRYPTO: BTC), which recently broke through the $100,000 price level, the concept of a strategic Bitcoin reserve has rapidly transformed from an arcane campaign issue into an economic idea worthy of serious consideration. From a conceptual standpoint, the strategic Bitcoin reserve is similar to the Strategic Petroleum Reserve, created in 1975 in response to the energy crisis of that era. According to Michael Saylor, founder and Executive Chairman of MicroStrategy, the strategic Bitcoin reserve would help stabilize the U.S. economy, strengthen the U.S. dollar, and establish the U.S. as the global leader in the digital economy.

Cocoa market resumes gains as production concerns linger

(Bloomberg) -- Cocoa futures returned to gains following on the heels of the biggest weekly loss since October as supply fears continue to drive volatile swings on the pricey market.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Prices in London and New York both gained around 4% on Monday before paring back. The jump comes after New York futures tumbled over 15% last week, the biggest such decline since late October.Concerns over crops in West Africa, where

Gold’s 27% Advance Stands Out in Mixed Year for Metals Markets

(Bloomberg) -- Gold is heading for one of its biggest annual gains this century, with a 27% advance that’s been fueled by US monetary easing, sustained geopolitical risks, and a wave of purchases by central banks.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024While bullion has ticked lower since Donald Trump’s sweeping victory in November’s US presidential election, its gains over 2024 still outstrip most other commodities. Base metals have had a mixed year,