The cryptocurrency advisory council proposed by Trump could establish a U.S. Bitcoin reserve fund

The cryptocurrency advisory council that Donald Trump proposed may promote the establishment of a Bitcoin reserve fund in the United States. In the 2024 election campaign, Trump pledged to protect the amount of Bitcoin that the government holds and not to sell them, while expressing the intention to create a Bitcoin reserve fund, similar to other strategic reserve funds of the government.

David Bailey, CEO of Bitcoin Magazine, remarked that Trump could use executive power to initiate this fund plan without needing approval from Congress. According to him, this could include large-scale Bitcoin acquisitions, aimed at strengthening BTC's position as a strategic reserve asset and enhancing its role in national economic policy.

Additionally, moves to appoint cryptocurrency-friendly personnel to Trump's new administration would also support the implementation of policies favorable to the development of the crypto industry, which could create a favorable environment for establishing a Bitcoin reserve fund.