Trump publicly supports a Bitcoin reserve plan, pushing the U.S. government to accumulate Bitcoin as a strategic asset. The plan has received support from political figures including Porter and Lummis, and has sparked bipartisan interest. Trump's backing gives political momentum to this previously marginalized concept and marks a watershed moment in the cryptocurrency market. A California Democratic congressman and a Wyoming Republican senator have proposed incorporating Bitcoin into U.S. reserve assets, partially relying on America's gold reserves. However, critics argue that this could reinforce U.S. financial dominance and pose a challenge to the decentralized ideals of Bitcoin. Nevertheless, supporters believe this move helps address the debt crisis and promotes global financial innovation.
