How Trump's victory will grow Bitcoin: “Strategic reserve expected”

Coinshares, Europe's largest digital asset management company, has published an analysis of Donald Trump becoming the new president of the United States. The analysis also mentioned the size of a Bitcoin Act and the possibility of creating a "Bitcon Strategic Reserve" in this law.

James Butterfill, one of the analysts of Coinshares, stated that Donald Trump's re-US president will bring great advantages to the cryptocurrency world. Butterfill, which published a report on the subject, drew attention to a particularly likely Bitcoin Act.

“There is a high probability of a strategic reserve asset”

Stating that one of the biggest moves expected by the Trump administration is the addition of Bitcoin to strategic reserve assets, the analyst used the following statements:

“One of the biggest steps expected under Trump's administration is the Bitcoin Act... This law can make Bitcoin a strategic reserve asset. This situation can raise Bitcoin to gold level and move it to a state of legality at a historical level. If this law is approved by Congress, Bitcoin will begin to attract a high level of interest to both states and institutions. Of course, this situation will bring the Bitcoin price to new heights"

The analysis also stated that it should not be forgotten that Trump will impease Gary Gensler and create a much more positive regulatory environment.