CEO and founder of DAIM, Brian Korshain, expressed strong optimism about the potential impact of former President Donald Trump's Bitcoin endorsement and revealed his rumored plans to make it a project asset. Strategic stockpiling for the US is “possible,” but could be “very difficult to do.”

In an interview on CNBC, Korshain highlighted Trump's planned keynote speech at an upcoming Bitcoin conference in Nashville and its potential to create a more favorable regulatory environment for cryptocurrencies.

Strategic reserve

There has been recent speculation that Trump may endorse Bitcoin as a strategic reserve asset for the US government at the Bitcoin conference in Nashville this week. According to Korshain:

“This may be very difficult to do, but it is possible.”

Korshain pointed out that the US Department of Justice currently holds about 200,000 BTC, making it the largest government holder of the cryptocurrency. This significant holding could be transferred to the Treasury Department, which could add another $13 billion worth of Bitcoin to the treasury.

Korshain said:

“The Department of Justice has unexpectedly sold BTC in the past, which pushed Bitcoin prices down [in the short term]. If they move to long-term, this could really push prices up.”

Korshain also revealed that Trump “really got educated” about the technology and the industry during a recent meeting with Bitcoin miners.

He added that the former President's speech at the upcoming conference will address some of the regulatory challenges that have plagued the industry under SEC Chairman Gary Gensler.

He said:

“There have been a lot of obstacles in this space, a lot of barriers. You'll see him show up and say, 'Let's help innovation here. Let's help Bitcoin and blockchain move forward.'”

Korshain also shared his thoughts on Trump's recent comments about turning the US into a Bitcoin mining powerhouse by reducing energy costs for miners. He said the move could reduce supply on open exchanges and strengthen Bitcoin prices.

Theo Korshain:

“In a business-friendly environment, if Trump can reduce these energy costs, miners will be able to keep more Bitcoin on their balance sheets.”

However, he also tempered expectations about the possibility of full Bitcoin mining in the country, adding:

“It would be impossible to mine all of Bitcoin in the United States. There is a vast diversity of miners spread around the world, going where the energy is cheapest.”

Source: https://tapchibitcoin.io/trump-bien-bitcoin-thanh-tai-san-du-tru-la-kho-nhung-co-the.html