The United States Could Establish a Strategic Bitcoin Reserve within the First 100 Days of President-elect Donald Trump's Administration

The United States could establish a strategic Bitcoin reserve within the first 100 days of President-elect Donald Trump's administration

Key members of the Bitcoin community are urging the United States government to establish a strategic Bitcoin reserve within the first 100 days of President-elect Donald Trump’s administration. This follows Trump’s announcement at the 2024 Bitcoin Conference that he would convert all BTC confiscated by law enforcement into a national “stockpile.”

David Bailey, CEO of BTC Inc., played a crucial role in shifting Trump’s stance on Bitcoin. He expressed urgency on X today, warning that “America is at major risk of being front run on its Bitcoin agenda.” Bailey added, “We must establish the Strategic Bitcoin Reserve as quickly as possible. President Trump has the house and senate. He has a mandate. The environment is there for us to get this done in first 100 days.”

Bailey’s remarks come amid concerns that other nations might outpace the US in BTC accumulation. Several countries, including China, Russia, and Turkey, have shown interest in acquiring Bitcoin as part of their national reserves.

In July, US Senator Cynthia Lummis of Wyoming introduced the Bitcoin Act, which proposes that the US government purchase up to 200,000 BTC per year over a five-year period, totaling 1,000,000 BTC. This legislative push aligns with Trump’s view.

Lummis also took to X on November 6 to renew her advocacy for a national BTC reserve. “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE,” she proclaimed.

Prominent figures in the Bitcoin community have weighed in on the potential establishment of a US strategic BTC Reserve, emphasizing its global impact.

Dylan LeClair, a respected analyst, highlighted the urgency: “You have approximately three months until the US Government puts into law active accumulation of BTC as a strategic reserve asset. Other sovereigns will be discreetly front running. The clock has already started.”

Joe Consorti, Head of Growth at Theya Inc., described the scale of the proposed accumulation: “The US will buy 550 BTC/day for 5 years, and hold all of it for a minimum of 20 years.” He added, “An infinite balance sheet pouring into absolute and immutable scarcity.”

Travis Kling, CEO and founder of Ikigai Asset Management, reflected on the changing tides and the possibility: “When this was announced at the Nashville conference, I thought it was pretty unlikely. Just felt like a bridge too far. Almost like it was too bullish to believe. With a red wave, the likelihood of this has drastically increased. If it does, legit WAGMI.”

At press time, BTC trades at $74,640.

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