Bitcoin Soars Amid Trump's Crypto Push and SEC Influence
President-elect Donald Trump's pro-crypto stance is encouraging small businesses to invest in bitcoin as a treasury reserve asset, challenging traditional assets like Treasuries and cash. Companies such as Enlivex Therapeutics and Acurx Pharmaceuticals are allocating funds to bitcoin, viewing it as a robust inflation hedge amid economic uncertainties. Trump's promise of a crypto-friendly administration is further boosting bitcoin's appeal, despite concerns over its volatility. Corporations now hold a growing share of bitcoin, reflecting its rising legitimacy in corporate finance.
