The Trump Effect,

Striking Early?

Several states in the U.S. are considering establishing a Bitcoin strategic reserve.

Since the election day in the U.S., Bitcoin has become one of the hottest commodities in the investment market. President-elect Trump has promised to become the 'cryptocurrency president' and is said to plan to build 'the most pro-Bitcoin government in history,' leading to a continuous surge in Bitcoin prices.

During his campaign, Trump stated that if he could return to the White House, he would classify Bitcoin as a strategic reserve asset for the United States. Although Federal Reserve Chairman Powell recently indicated that the Fed does not intend to hold digital currencies, it has not stopped people's limitless imagination about Bitcoin becoming a national reserve.

As the date of Trump's inauguration approaches, some states in the U.S. have begun to consider testing the waters early: so far, three states have proposed establishing a Bitcoin strategic reserve. Meanwhile, professionals in the digital asset industry are calling for other state and local governments to keep up with the trend.