News View Non-AMP

Everything About Trump’s U.S. Bitcoin Reserve Plan – Is a Global Crypto Race Coming?

Published by
Nidhi Kolhapur

President Trump has signed an executive order to create a strategic Bitcoin reserve and a digital assets stockpile, marking a major shift in the U.S. government’s approach to cryptocurrency.

The announcement came just before the White House’s industry summit, where crypto leaders will meet with Trump’s administration to discuss policy. Many had expected details about the Bitcoin reserve to be revealed around this event, making the timing even more significant.

This decision could change everything. Here’s a closer look.

Industry Experts Weigh In

Industry leaders are analyzing what this decision could mean. Matt Hougan, CIO of Bitwise, pointed out that this move makes it much less likely that the U.S. government will ever ban Bitcoin.

He also believes it could push other countries to follow the U.S. and set up their own Bitcoin reserves. If that happens, it could create a global rush to secure Bitcoin before the U.S. accumulates more, potentially driving up its price.

Reactions are mixed

Some crypto leaders see this as a huge step forward. Nathan McCauley, CEO of Anchorage Digital, lauded the move.

“Establishing a U.S. strategic Bitcoin reserve and digital asset stockpile is a huge moment for both crypto and American leadership on the global stage,”

Others are less impressed. Charles Edwards, founder of Capriole Investments, criticized the plan, calling it “underwhelming and disappointing.” He argued that without a clear strategy to buy more Bitcoin, the reserve lacks real impact.

A Global Bitcoin Race?

Now that the U.S. is taking action, other nations may feel pressured to act quickly. If countries wait too long, they risk buying Bitcoin at higher prices as demand increases.

This also makes it harder for financial institutions and organizations like the IMF to argue that Bitcoin is too risky. The U.S. government’s involvement signals that it sees Bitcoin as a valuable asset, which could shift opinions in the traditional financial world.

What Comes Next?

Trump’s executive order is a strong statement, but it does not carry the same legal weight as laws passed by Congress. It’s still unclear how the administration will implement the plan or how much Bitcoin the U.S. government currently holds.

The U.S. just put crypto on the world stage like never before.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Coinbase Inks Strategic Partnership With PayPal to Enable Mainstream Adoption of PYUSD Stablecoin

The PayPal USD (PYUSD) stablecoin is fast approaching the $1 billion market cap milestone. The…

April 24, 2025

Cardano (ADA) Enters a Decisive Phase:  Will a Golden Cross Trigger a Move Above $1?

The crypto market is in a pivotal phase, marked by trend reversals, mixed short-term performance…

April 24, 2025

MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape

After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank's MBG…

April 24, 2025

Should You Be Bullish on POL (Prev. MATIC) Price? Will It Ever Reach $1?

The crypto market is witnessing some cautious declines today, with the total market capitalization dropping…

April 24, 2025

CME Group to Launch XRP Futures in May; Here’s What to Expect from the XRP Price Rally

Compared to the other cryptos, XRP has been displaying enormous strength as the bulls have…

April 24, 2025

CME Group to Launch XRP Futures on May 19

CME Group has announced plans to launch XRP futures on May 19, pending regulatory approval.…

April 24, 2025