News Summary

• Armstrong made the remarks during his appearance that day on Fox Business Network's "Varney & Co." The projection came one day after President Donald Trump hosted crypto executives at the White House.
• Bitcoin recently surpassed $72,000 per coin, up 10% over the past day, according to market figures.
• The digital asset reached an all-time high of $109,000 on inauguration day in January 2025 amid optimism over the incoming administration's crypto policy..
• The push for statutory rules follows years of regulatory actions, including a 2023 decision by New York regulators to halt new issues of BUSD, then the world's third-biggest stablecoin.