According to Forbes , Trump is exploring a bold plan to create a Strategic Bitcoin Reserve. This could be a game-changer for the U.S. economy.
Experts are even predicting this could send Bitcoin’s price soaring to $15 trillion. This news can be a huge announcement for a Bitcoin reserve in many other countries.
What Is a Strategic Bitcoin Reserve?
Dennis Porter, a well-known Bitcoin advocate, shared that Trump is considering an Executive Order to make this happen. A Strategic Bitcoin Reserve would allow the U.S. government to hold Bitcoin as a valuable asset, similar to how it holds gold. Trump’s plan involves using the Treasury’s Exchange Stabilization Fund (ESF).
This fund is usually used to stabilize the U.S. dollar by buying and selling other currencies. Now, the same fund could be used to buy Bitcoin.
I can confirm that Trump is exploring an Executive Order creating a ‘Strategic Bitcoin Reserve.’ The Treasury, through the Exchange Stabilization Fund, has the authority to stabilize the dollar by buying currencies.
Trump will use this fund to buy Bitcoin.
— Dennis Porter (@Dennis_Porter_) December 15, 2024
By adding Bitcoin to its reserves, the U.S. could strengthen its financial standing and compete with other countries exploring cryptocurrencies. Plus, Bitcoin could act as a hedge against inflation, keeping the dollar steady in uncertain times.
A Huge Price Boom Predicted
If the U.S. starts buying Bitcoin, it could create a big ripple effect in the crypto world. Experts believe this move could push Bitcoin’s price to unimaginable levels—possibly reaching $15 trillion. Here are other things that can happen after this:
Trump confirms US Bitcoin Reserve
Forbes predicted $15 Trillion BTC raise
I spent 50 hours analyzing market data
Here’s what’s going to happen next 🧵👇 pic.twitter.com/zdUKgGm4NQ
— bee🐝 (@0xbeehive) December 16, 2024
This plan could make Bitcoin even more mainstream. If it becomes part of the U.S. Reserve, it could encourage more people and businesses to use and trust cryptocurrencies. It might also impact how governments around the world view Bitcoin.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
