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Bitcoin as US Reserve: Trump's Plans and Potential Price Dynamics

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by Giorgi Kostiuk

a year ago

Donald Trump may issue an executive order making Bitcoin a US reserve asset, possibly causing significant changes in cryptocurrency valuation.

Trump's Plan for Bitcoin as a Reserve

There is potential for Trump, as president, to issue an order declaring Bitcoin a reserve asset. This could be executed under the provisions of the 'Dollar Stabilization Act'. According to Jack Mallers, CEO of Strike, such an order could involve purchasing 200,000 BTC annually. Over five years, reserves would amount to 1 million BTC, constituting 5% of the total supply.

“It wouldn't be the size and scale of 1 million coins but it would be a significant position.”Jack Mallers

Bitcoin Price Predictions

Perianne Boring believes Bitcoin's capped supply could lead to substantial price increases if Trump enacts his proposals. It's forecasted that the cryptocurrency’s price could reach $800,000 by the end of 2025. PlanB, creator of the stock-to-flow model, predicts an average price of $500,000 in 2025, with potential spikes to $1 million.

Investor Recommendations for Bitcoin

BlackRock advises investors to allocate 1-2% of their portfolio to Bitcoin. The company's report suggests that this could be prudent given the growing demand for BTC and potential price surges. Such a strategy could see Bitcoin's price potentially rise to about $900,000 per unit.

Trump's possible actions could significantly impact the Bitcoin market. Careful research is recommended for any investment decisions.

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