#比特币战略储备 Bitcoin short-term outlook 📉, I have withdrawn the long position and will adopt a defensive approach. $BTC

The United States is considering moving towards using Bitcoin as a strategic reserve.

1. Policy tendencies of the Trump administration: During Trump's campaign, he promised to place the U.S. at the forefront of the digital asset industry and to transform the U.S. into the "cryptocurrency capital". He proposed the idea of creating a Bitcoin strategic reserve and indicated that this would be achieved through an executive order.

2. Draft executive order from the Bitcoin Policy Institute: The Bitcoin Policy Institute drafted an executive order proposing to establish a strategic Bitcoin reserve under the U.S. Treasury’s Exchange Stabilization Fund (ESF) during the Trump administration. This order would need to be signed after Trump takes office to take effect.

3. BITCOIN Act of 2024: Senator Cynthia Lummis introduced the BITCOIN Act of 2024, which proposes purchasing 200,000 Bitcoins annually, reaching a total of 1 million within five years.

4. Potential impact of a strategic Bitcoin reserve: If the U.S. establishes a Bitcoin strategic reserve, it may encourage other countries to also begin large-scale purchases of Bitcoin. This could have a positive impact on Bitcoin's price, enhancing its status as "digital gold" and promoting the development of cryptocurrency infrastructure and technology.

5. Bitcoin held by the U.S. government: The U.S. government currently holds approximately 183,850 BTC, valued at about $17.36 billion.

6. Criticism and challenges: Despite voices supporting the establishment of a Bitcoin strategic reserve, there are also criticisms and challenges. Some argue that Bitcoin lacks strategic significance, and its reliability as a reserve asset is questioned, as the high price volatility of Bitcoin poses risks to government portfolios.