When Will Trump Announce a Bitcoin Reserve? Experts Weigh In

Bitcoin’s recent price surge has sparked fresh speculation, with many focusing on upcoming events like the FOMC meeting and the CPI report this month. As the market remains uncertain, all eyes are on the potential announcement of a U.S. Bitcoin Reserve. However, macro expert Luke Gromen advises President-elect Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President to hold off on announcing such a plan on his first day in office.

Timing the Announcement

In a conversation with venture capitalist Preston Pysh, Gromen explained that revealing the Bitcoin reserve plan too soon could cause investors to jump the gun, pushing Bitcoin prices up before the U.S. even secures its position. Trump sees the strategy as a way to position the U.S. as a leader in the crypto space, outpacing China and other nations in the trillion-dollar market.

Instead, Gromen suggests that Trump should quietly accumulate Bitcoin while publicly expressing optimism for the asset. Once the reserve is in place, a public announcement could trigger a rally that not only boosts Bitcoin prices but also increases government holdings.

Political Talking Point or Real Plan?

At this stage, the Bitcoin reserve idea seems more like a political talking point than a solid plan, especially after the Fed made negative comments about the U.S. government’s potential Bitcoin accumulation. However, the market still expects Trump to push his policies aggressively once in office, even if he faces political resistance.

Public Support for a National Bitcoin Reserve

A recent poll shows that 40% of Americans believe Trump might start a national Bitcoin reserve, which could change how the U.S. views digital money. Given Trump’s past positive statements about Bitcoin, many believe his administration could help the U.S. become a stronger financial power and a leading player in the global crypto market.

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Trump’s Changing Views on Bitcoin

Trump, once a critic of Bitcoin, has recently shown support for the cryptocurrency, suggesting that the U.S. could hold 200,000 seized Bitcoins as an investment. He’s even hinted at using Bitcoin to address the national debt, with experts noting that holding Bitcoin could help stabilize its price.

Bitcoin Price Outlook: $100K in Reach

Proposals like Senator Cynthia Lummis’s plan to buy one million Bitcoins face significant political and legal challenges. Critics point to Bitcoin’s volatility and the risk of hacking as major concerns. While countries like Bhutan and El Salvador have adopted Bitcoin on a smaller scale, a U.S. Bitcoin reserve could set a global precedent.

Currently trading at $99,147, Bitcoin is recovering from recent losses and could rise even higher if it breaks through the critical $100K resistance level.

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