As the inauguration of re-elected President Donald Trump steadily approaches on January 20, speculation is mounting around one of his most ambitious campaign promises: the establishment of a national Bitcoin (BTC) reserve. The notion of the United States creating a strategic Bitcoin reserve has been met with intrigue within both the financial and tech industries, and has become a topic of intense scrutiny and debate.
Many experts are optimistic about the proposal, including Nigel Green, the CEO of the American financial firm deVere Group. Green, who has a proven track record having accurately predicted Bitcoin’s surge past the $100,000 mark, forecasts that the US will indeed establish a Bitcoin reserve, and that the figure could range from 300,000 to 400,000 BTC.
Green believes that this bold move would cement Bitcoin’s position as the linchpin of the American financial system. “The US will make Bitcoin the cornerstone of its financial strategy, and this important decision will raise the value of Bitcoin to unprecedented levels,” he said.
According to Green, the creation of a national Bitcoin reserve of this magnitude could trigger a Bitcoin bull run of historic proportions, catapulting the cryptocurrency’s value and reshaping the financial landscape. “At this point, I expect the US to buy 300,000 to 400,000 Bitcoin. The creation of such a reserve would likely trigger a Bitcoin bull run of epic proportions. The BTC price would then rise exponentially, reshaping the financial markets,” he continued.
Green also highlighted the pivotal role of the Republican party and President Trump in driving this large-scale Bitcoin policy. “The dominance of Republicans and the role of Trump provide the perfect conditions for such a massive Bitcoin policy,” he stated.
Green’s predictions come in the wake of the Bitcoin Act of 2024, introduced by US Senator Cynthia Lummis. The proposed legislation calls for the purchase of one million Bitcoins over a five-year period using funds transferred from the Federal Reserve.
As the cryptocurrency world watches with bated breath, the question remains: Will the United States establish a national Bitcoin reserve, and what implications will this have on the global financial stage? Whatever the outcome, it is clear that the potential impact of such a move could be transformative.
