Donald Trump's potential plan to create a strategic Bitcoin reserve in the United States is generating widespread debate both in the cryptocurrency industry and among economic analysts. According to reports, Trump's team is exploring the idea of issuing an executive order on his first day in office if re-elected, with the goal of starting the accumulation of Bitcoin as a strategic asset for the nation. This initiative would take inspiration from previous proposals such as the Bitcoin 2024 Act, introduced by Senator Cynthia Lummis, which suggested that the government acquire up to one million Bitcoins over five years.
Why a Bitcoin reserve?
The idea, according to some analysts, could position the United States as a global leader in the institutional adoption of cryptocurrencies. Trump has already hinted that his plan would be analogous to the strategic oil reserve, a resource used to protect the country's energy interests. This move could trigger greater interest from institutional investors and even drive the price of Bitcoin to record levels, with projections suggesting values that could exceed a million dollars per unit in the future.
Is it viable?
However, experts raise several challenges. The U.S. government already holds a significant amount of Bitcoins through confiscations, but converting this holding into an official strategic reserve would involve overcoming important regulatory hurdles. There is also skepticism about Bitcoin's ability to act as a solid store of value due to its volatility, especially compared to traditional assets like gold. Additionally, the current economy, with a considerable budget deficit, could limit the possibility of allocating large resources to such a speculative asset.
Global impact
The proposal would also have international implications. Countries like El Salvador and Bhutan are already using Bitcoin reserves as a financial strategy, while other nations, like China, have accumulated Bitcoin through confiscations. If the United States embarks on this path, it could increase global competition for cryptocurrency accumulation.
In general, although Trump's proposal promises to innovate the use of cryptocurrencies at the state level, its implementation depends on regulatory changes and broader acceptance from the financial and political sectors. This marks a potential new chapter in the interaction between the global economy and digital assets.
