Trump and Bitcoin Association Speculation
Trump may designate Bitcoin as a US reserve asset on his first day in office.
Strike founder and CEO Jack Mallers stated that President-elect Trump may issue an executive order on his inauguration day to designate Bitcoin as a reserve asset under the terms of the 'Digital Dollar Stabilization Act,' potentially leading to a purchase order for 200,000 Bitcoin.
The 2024 'Bitcoin Act' was proposed by Senator Cynthia Lummis in July, suggesting that the US Treasury and the Federal Reserve purchase 200,000 BTC annually for five years, totaling 1 million. The reserves would be held for 20 years, representing 5% of the total supply. This has raised high expectations, with Bitcoin potentially reaching $800,000 by the end of 2025.
The Digital Chamber founder Perianne Boring stated that Bitcoin's fixed supply could lead to price increases; if Trump pushes for crypto policies, the price could have no upper limit. Utilizing the stock-to-flow model, she predicts that by the end of 2025, it could exceed $800,000, with a market cap reaching $15 trillion, up from over $2 trillion currently. PlanB predicts an average price of about $500,000 in 2025, potentially reaching up to $1 million.
Follow me to check the homepage introduction and start your wealth journey!
