The hot topic around the crypto community and the discussions surrounding the next US president, Donald Trump is his strategic bitcoin reserve and its policy, now the community is eagerly waiting for his next usptoas it is believed that it will bring forth a domino effect with other governments adopting similar strategies.
As Straegic bitcoin reserve has been a major topic, A crypto investor and professional mathematician Fred Krueger believes that Trump will announce creating a strategic bitcoin reserve, and he feels this will be one of his first policies on January 20th .
Expert Analysts’ Views on the Bitcoin Reserve Set-Up by Donald Trump
While posting on X, Fred Krueger remarked, “A Bitcoin Strategic Reserve will be announced on Monday,” pointing out that he sees good reason in Donald Trump’s plans for a bitcoin reserve. His assumptions about it rely on three speculations.
Trump has already confirmed that he will issue over 100 executive orders on his first day of tenure and it’s highly likely that these will include his greatest campaign promises such as crypto evaluation and policy change undertakings.
Krueger further states that Trump could sign an executive order to establish a strategic bitcoin reserve on his first day in office intending to place cryptocurrency high in his political order of business. He also said that Trump’s donors would get disappointed if the initiative does not realize over time.
Trump Hopes To Elevate Cryptocurrency As a Top Priority For The State
Donald Trump has made a public announcement today detailing his plans to make cryptocurrency the new national priority. His administration plans to ship regulators out to consult over the crypto landscape, starting by making a crypto advisory council. The government plans to extend an arm to the community by trying to guide them within their concerns.
Furthermore, Hester Peirce and Mark Uyeda, SEC representatives, will analyze current management in crypto lawsuits, especially in those that have yet to be investigated for their outright fraud claims as to whether it would be feasible to freeze some of the cases or even withdraw them entirely.
Bitcoin Turns Into A Global Currency Reserve
Basing on Trump’s progressive character, territories like South Africa, Poland, Germany, Japan, Hong Kong and Venezuela are thinking of diversifying their portfolios by adding bitcoin.
Custody in the bitcoin space is being embraced by some us states such as Texas, Ohio, Pennsylvania and Oklahoma. All these seems to be a little rise for bitcoin which could lead to paving the way for other governments to start adopting bitcoin reserves and the effects can be extremely massive for the US economy.
At the moment Bitcoin is trading more than the $102 in the market which is a steep increase of 140 percent, according to reports in the last twelve months. The target price for the upcoming Bitcoin has been planned to be between 10-15 bitcoins.
