Bitcoin Reserve Gains Momentum: Trump Presidency Sparks Crypto Optimism at Davos 2025

Recently, intense discussions centered around Bitcoin, memecoins, and the future of the cryptocurrency industry at the 2025 World Economic Forum in Davos, Switzerland with the US President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President returning to the Oval Office.

Will Bitcoin Reserve Come To Pass?

In the only cryptocurrency session at this year’s forum, industry leaders shared a hopeful view of the sector in the US, even with the excitement around the launch of the Official Trump (TRUMP) token. Notably, during the session, Coinbase CEO Brian Armstrong noted that the rise of the TRUMP memecoin would not hinder efforts to create a Bitcoin strategic reserve, an idea supported by Trump in 2024.

He said, “I don’t think it undermined anything with the strategic Bitcoin reserve. That effort is still alive and well. Cynthia Lummis in the Senate is really pushing that idea.”

The idea of creating a Bitcoin reserve was promoted by figures like Lummis, Trump, and MicroStrategy’s Michael Saylor at the Bitcoin 2024 conference in Nashville. At the WEF session, Armstrong provided further details on the proposal to the delegates.

“Many governments hold gold but I think they should hold Bitcoin because it is essentially the new gold standard. I think a very core principle is that you should hold assets which maintain value over time,” he emphasized. 

South Africa Unlikely To Follow

However, Lesetja Kganyago, governor of the South African Reserve Bank, doubted South Africa would follow the US in stockpiling Bitcoin. He questioned Bitcoin’s value as a reserve, highlighting the country’s focus on CBDCs and blockchain. However, Armstrong responded by highlighting the core principles advocated by Bitcoin proponents, authors and advocates in recent years. 

He underscored that it is provably scarce, just like gold, but it’s more portable and divisible. He also noted its higher utility and called it the best-performing asset of the last 10 years.

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Scaramucci Criticises Democrats Unclear Stance

Armstrong emphasized Bitcoin’s advantages over traditional reserve assets and suggested central banks could acquire more BTC than gold over time. Besides, Anthony Scaramucci criticized the Democratic Party for not having a clear stance on crypto, as Trump failed to mention cryptocurrency in his inaugural function.

Nevertheless, Armstrong highlighted that “the Trump effect” could not be denied and the new presidency has given the cryptocurrency industry newfound optimism and room to breathe and grow in the US.