#BTC
The United States is currently exploring whether to include Bitcoin in its strategic reserve system.
First, let's look at the policy direction of the Trump administration. Trump stated during his campaign that he intended to position the United States at the forefront of the digital asset space, vowing to make the U.S. the "cryptocurrency capital." To achieve this goal, he proposed a bold idea — to establish a Bitcoin strategic reserve, claiming he would advance this plan through an executive order.
Next, the Bitcoin Policy Institute also took action, drafting an executive order. This order suggested that during Trump's presidency, a Bitcoin strategic reserve should be established under the framework of the U.S. Treasury's foreign exchange stabilization fund. However, for this order to take effect, it would need to be signed after Trump officially took office.
In addition to the executive order, there is also a piece of legislation worth noting. Senator Cynthia Lummis proposed a bill called the "2024 Bitcoin Act." She suggested that the U.S. government should purchase 200,000 Bitcoins annually, totaling 1 million over five years.
So, if the United States really establishes a Bitcoin strategic reserve, what impact might it have? First, this could incentivize other countries to follow suit and begin purchasing Bitcoin on a large scale. Consequently, the price of Bitcoin might be positively affected, further solidifying its status as "digital gold." At the same time, this could also promote the development of cryptocurrency-related infrastructure and technology.
Now, how much Bitcoin does the U.S. government currently hold? The U.S. government currently holds approximately 183,850 Bitcoins, worth about $17.36 billion.
Of course, not everyone supports the idea of establishing a Bitcoin strategic reserve. Some believe that Bitcoin's price volatility is too high and lacks sufficient strategic significance, casting doubt on its reliability as a reserve asset. They worry that including Bitcoin in the government’s investment portfolio could bring unnecessary risks.
In summary, whether the United States will include Bitcoin in its strategic reserves remains a topic worth attention and discussion. Regardless of the outcome, this issue reflects the global interest and expectations regarding digital assets and cryptocurrencies.
