$BTC

Trump Could Use Bitcoin as US Reserve Asset on ‘Day One’ — How High Will BTC Price Go?

Trump’s Possible Executive Order Making Bitcoin a US Reserve Asset Could Lead to $20 Billion in BTC Purchases by 2025.

Donald Trump is likely to issue an executive order on his first day in office to designate Bitcoin as a reserve asset of the United States, according to Jack Mallers, CEO and founder of Strike.

Is a 200,000 Bitcoin Purchase Order Coming in January 2025?

In a podcast interview with YouTuber Tim Pool, Mallers explained that the president-elect could rely on provisions of the so-called “Dollar Stabilization Act,” which grants him considerable authority to protect the US dollar.

The Bitcoin Act of 2024, introduced by pro-crypto Senator Cynthia Lummis in July, proposes that the Treasury and Federal Reserve purchase 200,000 BTC annually over five years, accumulating 1 million BTC. The reserve will be held for at least 20 years, thereby removing 5% of Bitcoin’s total supply (of 21 million tokens) from circulation. This speculation has resulted in some new lofty price targets for BTC for 2025 and beyond.