Riot Blockchain Stock: A Reason for Optimism
The Riot Platforms stock experienced a significant increase of 3.54% on January 14, 2025, reaching €11.96 as reported by Boerse-express.com (source: https://www.boerse-express.com/news/articles/riot-blockchain-aktie-ein-grund-mehr-fuer-optimismus-700795). This North American Bitcoin mining company continues its positive trend after already gaining 15.10% in the previous month.
With a market capitalization of €4.1 billion, Riot Platforms is one of the major players in the cryptocurrency mining sector. Currently trading at 51.98% above its 52-week low but still below its high by 43.51%, it shows strong potential within this growing industry segment.
Pro-Bitcoin President? Trump Could Make Bitcoin Reserve Currency
A report from finanzen.at suggests that Donald Trump might aim to make Bitcoin a reserve currency if he becomes president again (source: https://www.finanzen.at/nachrichten/devisen/pro-bitcoin-prasident-trump-koennte-bitcoin-zur-reservewahrung-machen-1034223956). During his campaign, Trump promised to be the "pro-Bitcoin president" America needs and proposed keeping regulations minimal while ensuring cheap electricity for Bitcoin mining operations.
This initiative could include establishing a strategic national Bitcoin reserve with existing government-held Bitcoins forming its core foundation. The proposal aligns with similar ideas from other crypto-friendly politicians like Senator Cynthia Lummis who introduced legislation advocating annual purchases of up to one million Bitcoins over five years funded through partial sales of gold reserves held by the Federal Reserve.
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