Asset management firms have weighed in on Trump’s proposal for a U.S. bitcoin reserve, reflecting divisions over digital assets in the national economic strategy.
Asset Management Split Over Bitcoin Reserve in Bold Country Strategy
Discussions about creating a strategic Bitcoin reserve in the United States have intensified following the re-election of President Donald Trump. Several asset management firms and financial analysts have expressed their views on the idea of a strategic Bitcoin reserve in the United States.
Among financial institutions, Vaneck has taken a more direct stance in favor of Bitcoin reserves. Matthew Siegel, head of digital asset research at Vaneck, said on social media platform X last week:
Vaneck supports a strategic reserve for Bitcoin.
Trump’s proposal to create a U.S. Bitcoin reserve has sparked a major debate about the role of digital assets in national economic strategy. U.S. Senator Cynthia Lummis (R-WY) has also introduced the Bitcoin Act, which proposes that the U.S. Treasury collect up to 1 million bitcoins over five years.
Unlike Vaneck, Blackrock, the world’s largest asset manager, has reportedly denied any endorsement. Fox Business journalist Eleanor Teret shared on X last week:
Sources close to Blackrock tell Fox Business that the major money manager does not support a strategic BTC reserve despite recent reports that he does.
These conflicting positions highlight the different institutional attitudes toward Bitcoin as a reserve asset.
Meanwhile, Bitcoin advocate Michael Saylor continues to support the idea, likening Bitcoin reserves to historical investments like the Louisiana Purchase or the Manhattan Acquisition. Saylor argues that embracing Bitcoin can protect against economic instability by diversifying national assets. His AI firm Microstrategy has continued to buy Bitcoin aggressively. As of this writing, Microstrategy has accumulated 386,700 BTC.
Senator Lummis recently explained that the United States could leverage existing federal assets to create a Bitcoin reserve without new expenditures. She noted that revaluing gold certificates at current market prices and converting them into Bitcoin, in addition to using the 200,000+ BTC already held through asset forfeiture, could create a reserve. Lummis suggested that such a reserve could strengthen the US dollar’s position as the global reserve currency and help reduce the national debt. She asserted that such an approach would avoid additional government spending while strategically leveraging existing holdings to generate economic benefits.
