Speculation is growing that President-elect Donald Trump may declare a Bitcoin Reserve on day one or pass legislation during his term, potentially ushering in a Bitcoin supercycle. The Bitcoin Reserve Act, introduced by Senator Cynthia Lummis, would allow the U.S. to purchase 200,000 BTC annually over five years, building a 1-million Bitcoin reserve held for at least 20 years.
States like Texas and Pennsylvania, along with nations like Russia and Germany, are considering similar moves, signaling global competition to secure Bitcoin reserves. Crypto lender Nexo’s Iliya Kalchev sees this as a “landmark moment” for Bitcoin, challenging the traditional 4-year halving cycle.
Jack Mallers of Strike highlighted Trump’s potential to issue an executive order for Bitcoin purchases, while Satoshi Act Fund co-founder Dennis Porter said a strategic reserve is actively being explored.
Source: Cointelegraph
