Everything you wanted to know about Bitcoin Strategic Reserve

[avp2306]

While lots of state in US trying to pass law to create their own Bitcoin Reserve, Connecticut is shifting its way and try to avoid adopting for passing the H.B. 7082 which the details of this law is quoted below.

The Connecticut General Assembly published the final text of the bill on Tuesday. The bill, H.B. 7082, passed both the House and the Senate unanimously without dissent. The bill has now become Public Act No. 25-66, according to the official website of the Connecticut General Assembly.
The new legislation bars government entities from buying, holding, or investing in crypto assets, while also forbidding them from "establishing a reserve of virtual currency" or accepting crypto payment.

I hope they won't regret their decision for not joining in the race, especially if they see those states who adopt and create their own Bitcoin Strategic Reserve succeed when Bitcoin adoption rate goes high and price reach for more new high's.

Also hopefully they change their minds and think about they made wrong decision for not making move towards adding Bitcoin on their treasury.

Hahahahaha.. Quite funny that Connecticut law makers seem retarded, and one of the consequences of their retardedness will be that it may well take several years before they recognize and/or appreciate the gravity of their screw up.

Whether we are talking about governments, institutions or individuals, they are subject to the same kinds of errors in their thinking in regards to being hostile to bitcoin based on wrong and/or incomplete knowledge, and those no coiners, low coiners are likely going to suffer from their choices...and even the whimpy accumulators of bitcoin will likely be way better off for merely taking some kind of a bitcoin position that involves getting the fuck off zero...so then there are at least a couple of errors which are either being hostile to bitcoin and the other one is failing/refusing to get off zero.. .and so other errors of being whimpy remains less detrimental than the errors of hostility and/or refusing to get off zero.

Yeah quiet funny to see that they still have this kind of mindset knowing that other state are advancing for having Bitcoin reserve while them taking the path for stability or going down towards passing that H.B. 7082 which is not allowing Connecticut to have Bitcoin Reserve for their state.

But upon checking it seems that state is dominated by Democrats officials. So know I understand on why this funny thing happen since democrats is known a hater of Bitcoin.

So for sure they would suffer on that decision or law they passed since they won't go anywhere for hating Bitcoin. For sure other state will advance especially if Bitcoin would grow together with its price and for sure if this situation happen for sure would suffer or regret their decision on why they pass the H.B. 7092 law.

[nikola22]

How can you seize Bitcoins?
You can make it illegal, or try to make it difficult to off-ramp, but seizing Bitcoin is no easy feat.
Ok, Ukrainian Government officials, aren't exactly smiling welcoming people, I guess, but we are speaking of seizing private key by private key? OR am i misinterpreting something?

well, it's not easy, but it's possible. if user keeps BTC or other crypto on CEX (for example Binance) local law enforcement agencies can send request to freeze funds and then by court decision they may be seized. with self-custodial wallet it will be more difficult but if we want to be precise, you are right, first of all private key needs to be received by seizing flash drive or computer/laptop and only after that bitcoins will be seized )

I remember Germany enforcement agencies seized nearly 50 000 BTC from piracy site Movie2k so it's possible, but requires resources )

[Bluedrem]

Why is it necessary to have a Bitcoin strategic reserve? You can understand for yourself how important it is for a company, the company should be technically sound but also economically sound. Cash companies are far behind the current modern era, both companies and countries have the most advantages in borrowing in any case if they have Bitcoin holdings.
And the most opportunities to be economically self-sufficient can be created, that is why it is most important for a country or company to have a Bitcoin strategic reserve holding long-term reserve.
You can view the information at the link below and in the information below.


The Bitcoin Treasury Strategy That’s Reanimating Zombie Companies
Bitcoin treasury strategies are raising the bar for capital performance—companies sitting on cash are being left behind in a new era of financial discipline.
A growing number of public companies are stuck in limbo—technically solvent, but strategically stalled. Growth has evaporated. Stock prices have languished. Reinvestment opportunities are unclear or underwhelming. These companies aren’t broken—they’re just drifting.
They’ve become what markets call zombie companies: firms that generate enough to survive, but not enough to excite. And in today’s capital environment, stagnation is no longer neutral—it’s dangerous.
This is where a Bitcoin treasury strategy comes in.

Source: https://bitcoinmagazine.com/bitcoin-for-corporations/bitcoin-treasury-strategy-reanimating-zombie-companies

I always prefer Bitcoin as a long-term reserve because it does not lose value like fiat currency (inflation does not occur).
But when investing in Bitcoin, there are many things to consider -

1. Can I hold it until I reach the desired goal?

2. If I need emergency funds at some point in my life, do I have it other than Bitcoin?

3. Since it is decentralized, meaning no one can control it, its price will sometimes fall and sometimes rise, and when the price falls, can I maintain my mentality?

If the answer to all of these is "yes", then Bitcoin can be safely held as a strategic reserve.

Remember that Bitcoin is never a reserve held for a short period of time.

[Nothingtodo]

I always prefer Bitcoin as a long-term reserve because it does not lose value like fiat currency (inflation does not occur).
But when investing in Bitcoin, there are many things to consider -

1. Can I hold it until I reach the desired goal?

2. If I need emergency funds at some point in my life, do I have it other than Bitcoin?

Your first answer is that you should buy Bitcoin at a price and sell it at a price that will make you a profit. It is normal to hold until you make a profit. "Buy the Deep & Hold Until Make Profits"
When you need emergency funds, you can use Bitcoin if it is legally permitted in your country. You may need an emergency fund in the future, in which case you should not invest all your funds but keep some stable currencies as a backup for the need.

[Bluedrem]

I always prefer Bitcoin as a long-term reserve because it does not lose value like fiat currency (inflation does not occur).
But when investing in Bitcoin, there are many things to consider -

1. Can I hold it until I reach the desired goal?

2. If I need emergency funds at some point in my life, do I have it other than Bitcoin?

Your first answer is that you should buy Bitcoin at a price and sell it at a price that will make you a profit. It is normal to hold until you make a profit. "Buy the Deep & Hold Until Make Profits"

We can't buy a lot of Bitcoin at once like Michael Saylor and other big companies.
Since Bitcoin is still reaching its final price, I think it's best to keep buying as much Bitcoin as we can on a weekly/monthly/yearly basis, no matter what the price is.

When you need emergency funds, you can use Bitcoin if it is legally permitted in your country. You may need an emergency fund in the future, in which case you should not invest all your funds but keep some stable currencies as a backup for the need.

It should be used unless you have no other savings as an emergency fund other than Bitcoin. However, since the emergency fund can be needed at any moment, I have already said that it is better not to store Bitcoin as an emergency fund.

[Proty]

Those with greater discretionary income have more options to buy bitcoin and even more options to screw things up but still end up accumulating more bitcoin than those with smaller levels of discretionary income..... yet at the same time, it seems to me that a decent number of governments, institutions and individuals are going to get ahead of the similarly-situated (or better off) status quo governments, institutions and individuals based on their level of aggressiveness in accumulating bitcoin within their means and without screwing things up, so they may well be way smaller and with fewer resources, yet bitcoin may well end up contribute towards their relative advancement in the pack of relative comparisons.

I believe you're quite right about this , so many don't really understand what makes bitcoin to be outstanding from others.Having a discretionary income is important for bitcoin investment however how we used our discretionary income should be of great concerns also. It is possible for individuals with smaller levels of discretionary income to be able to outsmart those with greater discretionary income by being consistent, persistent with their bitcoin accumulation and being dedicated at it for a longer period of time like 10yrs or more. So the size of one discretionary income may not really matter that much to an extent.But rather the level of effort that ones has put in  and individual risks tolerance.

[Cossyblack]

I always prefer Bitcoin as a long-term reserve because it does not lose value like fiat currency (inflation does not occur).
But when investing in Bitcoin, there are many things to consider -

1. Can I hold it until I reach the desired goal?

2. If I need emergency funds at some point in my life, do I have it other than Bitcoin?

Your first answer is that you should buy Bitcoin at a price and sell it at a price that will make you a profit. It is normal to hold until you make a profit. "Buy the Deep & Hold Until Make Profits"

We can't buy a lot of Bitcoin at once like Michael Saylor and other big companies.
Since Bitcoin is still reaching its final price, I think it's best to keep buying as much Bitcoin as we can on a weekly/monthly/yearly basis, no matter what the price is.

When you need emergency funds, you can use Bitcoin if it is legally permitted in your country. You may need an emergency fund in the future, in which case you should not invest all your funds but keep some stable currencies as a backup for the need.

It should be used unless you have no other savings as an emergency fund other than Bitcoin. However, since the emergency fund can be needed at any moment, I have already said that it is better not to store Bitcoin as an emergency fund.

Money kept as our Emergency fund shouldn't be used for purchasing Bitcoin .The purpose of having an emergency funds is to settle real life Emergencies situations that may arise in the future. If we happen  to used part of our emergency funds to invest in Bitcoin,we may find it difficult to counter any unforseen occurrence that may arise and this kind of situation if not handled may force us to tamper with our investment portfolio when we're still in our early stages of accumulating Bitcoin. For me It's not Idealistic to tamper with our emergency funds unless it is to be used to settle real life Emergencies situations.

[EarnOnVictor]

Money kept as our Emergency fund shouldn't be used for purchasing Bitcoin .The purpose of having an emergency funds is to settle real life Emergencies situations that may arise in the future. If we happen  to used part of our emergency funds to invest in Bitcoin,we may find it difficult to counter any unforseen occurrence that may arise and this kind of situation if not handled may force us to tamper with our investment portfolio when we're still in our early stages of accumulating Bitcoin. For me It's not Idealistic to tamper with our emergency funds unless it is to be used to settle real life Emergencies situations.

Anyone can do whatever they like with their money, however, we should be reasonable with it. What's earmarked for emergencies is better stuck to emergencies, after all, it was preplanned, so why the deviation?

A while ago, I carelessly believed that emergency funds could be invested in Bitcoin until the need arose from it, but the truth is that I was wrong, it's better to be disciplined with the purposes of our fund. Besides, anyone investing in Bitcoin should not look at the short-term goal, but the long-term goal. So, why invest the emergency funds in the first place?

Wait a minute, this thread is for Bitcoin strategic reserve, which is pertaining to nations/states. What's emergency discussion doing here? I think we should stick to the main purpose of the thread.

[nikola22]

So, governments, institutions and even individuals may well start out considering that they will just accumulate 1% or some modest amount in their budget (investment portfolio allocation), and then they continue to find more and more and more reasons to increase their cornz allocation and it becomes a bit of an unstoppable snowballing of the accumulation of bitcoin.

I suppose, you think that we are at the early stage of bitcoin accumulation by governments and institutions? as I remember Microstrategy bought bitcoin for the first time in august 2020 and for several years there weren't  many companies willing to repeat this step. who knows, may be this time also interest for bitcoin will decrease after some kind of global event.

We likely can logically deduce that many countries, institutions and/or individuals are going to end up suffering some kind of bitcoin rug pull, yet at the same time, they also may be screwing their own little selfies in some of their own cashflow management practices... and yeah, some of the countries will be printing their fiat to buy bitcoin and others may well not be advantaged by bitcoin in terms of their own inabilities to spend within their means, so they will continue to abuse debt like they have historically done, and bitcoin may not end up advantaging them if they don't figure out how to manage their budgets even within a state actor or even large corporation kind of way, and it seems that bitcoin will still reward the prudent rather than the reckless. .... including recognizing and/or appreciating the power of holding your own keys (to at least a decently large proportion of your stash), yet we are still witnessing how these matters are going to play out in the coming years as larger and larger players are coming to bitcoin, yet some of the same fundamentals about bitcoin still apply to them, even if some of the larger entities have been so spoiled by fiat and their status in the fiat debt system, that they might not recognize the power of sound money and/or following prudent cashflow management practices.

you are right, countries can print fiat to buy bitcoin and also can issue bonds to buy it. but now many countries are still afraid of making such steps. another limiting factor is the presence of conservatives in government bodies. they prefer gold and traditional assets so they don't see any value in bitcoin and consider it as very volatile speculative asset. although many people have recently seen how volatile can be the stock market.

That seems to be pointing out the level of early that we continue to be, and surely some sovereigns and/or quasi-governmental bodies might find it more convenient to get exposure through ETFs, and others might consider some form of self-custody or ways to have strong checks on their custodians (private custodial arrangements), so the solutions in regards to how they hold their bitcoin might not be clear, and even Bhutan does not seem to be completely transparent regarding their bitcoin holdings. and they seem to have a lot, relative to their size (GDP, budget and population).

as for me exposure through ETFs is the sign of early stage of adoption by corporations/governments/funds. I think over some time they will prefer some form of self-custody or using custodians of institutional grade with all the related services like full insurance.

You are expressing a truth that seems to apply whether you are a government, institution or individual.  Those with greater discretionary income have more options to buy bitcoin and even more options to screw things up but still end up accumulating more bitcoin than those with smaller levels of discretionary income..... yet at the same time, it seems to me that a decent number of governments, institutions and individuals are going to get ahead of the similarly-situated (or better off) status quo governments, institutions and individuals based on their level of aggressiveness in accumulating bitcoin within their means and without screwing things up, so they may well be way smaller and with fewer resources, yet bitcoin may well end up contribute towards their relative advancement in the pack of relative comparisons.

of course, those who starts bitcoin accumulation earlier will have chances to close the wealth gap with wealthy countries but their possibilities are still too limited. and I think in many countries/governments there is sufficient number of opponents of aggressive bitcoin accumulation.

As many of us likely realize, there can be a bit of a mal-incentive for countries and local governments to be accumulating bitcoin (and/or shitcoins) through confiscation.... Many of the laws around confiscation can be unjust, yet it is also unjust for countries to print money and steal from the population by diluting the currency, even though many countries do engage in printing and currency dilution.

I completely agree and there won't be any trust in such governments and countries who unjustly confiscate assets. BTC holders will leave such countries and move to places where the laws are fair and investors are protected. as for printing money, it's an old problem for many countries and that's why bitcoin is getting more and more popular.

[As-Soon-As]

It is natural that Bitcoin will be promoted as a strategic reserve, because currently, Bitcoin or countries accepting Bitcoin or companies accepting Bitcoin are at the top of the discussion all over the world. As a result of various countries and companies accepting Bitcoin, they are getting success in all aspects, and the world's largest company Microstrategy Company has the highest Bitcoin holdings.
Currently, those who will accept Bitcoin will be at the top of the discussion, it is possible to get all kinds of facilities by accepting Bitcoin. Bitcoin is a means of promoting various companies more in line with the modern era within a moment.
You can find out more details by entering the link below: https://u.today/bitcoin-bull-novogratz-says-strategy-copycats-are-getting-overhyped

[JayJuanGee]

So, governments, institutions and even individuals may well start out considering that they will just accumulate 1% or some modest amount in their budget (investment portfolio allocation), and then they continue to find more and more and more reasons to increase their cornz allocation and it becomes a bit of an unstoppable snowballing of the accumulation of bitcoin.

I suppose, you think that we are at the early stage of bitcoin accumulation by governments and institutions? as I remember Microstrategy bought bitcoin for the first time in august 2020 and for several years there weren't  many companies willing to repeat this step. who knows, may be this time also interest for bitcoin will decrease after some kind of global event.

For sure, this is a bit of an evolving situation since there are some elements in which bitcoiners are getting their dreams to come true with the level of attention towards bitcoin and so many governments, institutions and even status quo rich folks seem to be changing some of their tunes around bitcoin, including acting like they like bitcoin, at least for the purpose of their own hoarding of it, yet I doubt that they are excited about the various individual sound money and individual financial freedom aspects of bitcoin, which seems to be part of where bitcoin bringing power to the people, so I am not sure which parts they are wanting to bring in while excluding other parts, and surely there is a bit of a likely fine dance going on that continues to have a lot of uncertainties, including the various ways that aspects of the new areas of bitcoin adoption are likely to experience some blowing ups.

I am not claiming to know how it is all going to play out, even though each person is likely going to be better off to make sure that he is continuing to stack bitcoin rather than ignoring bitcoin and/or refusing to get off of zero, which happens to be the position and/or posture of around 99% of the world's population.  They will likely end up coming in at a higher price..and there is ONLY so much any of us as individuals can do in order to help individuals to help themselves, even if some of us (as individuals who already own some bitcoin) are likely going to prosper from the extent that governments, institutions and/or status quo rich are pumping our bags to the extent that we have accumulated bitcoin rather than sitting on our hands in the past years (to the extent we have known about bitcoin for a while, and even you nikola22 may well have had some time to accumulate some bitcoin already since you have a mid-2017 forum registration date.

We likely can logically deduce that many countries, institutions and/or individuals are going to end up suffering some kind of bitcoin rug pull, yet at the same time, they also may be screwing their own little selfies in some of their own cashflow management practices... and yeah, some of the countries will be printing their fiat to buy bitcoin and others may well not be advantaged by bitcoin in terms of their own inabilities to spend within their means, so they will continue to abuse debt like they have historically done, and bitcoin may not end up advantaging them if they don't figure out how to manage their budgets even within a state actor or even large corporation kind of way, and it seems that bitcoin will still reward the prudent rather than the reckless. .... including recognizing and/or appreciating the power of holding your own keys (to at least a decently large proportion of your stash), yet we are still witnessing how these matters are going to play out in the coming years as larger and larger players are coming to bitcoin, yet some of the same fundamentals about bitcoin still apply to them, even if some of the larger entities have been so spoiled by fiat and their status in the fiat debt system, that they might not recognize the power of sound money and/or following prudent cashflow management practices.

you are right, countries can print fiat to buy bitcoin and also can issue bonds to buy it. but now many countries are still afraid of making such steps. another limiting factor is the presence of conservatives in government bodies. they prefer gold and traditional assets so they don't see any value in bitcoin and consider it as very volatile speculative asset. although many people have recently seen how volatile can be the stock market.

As individuals, it is unclear how much we are advantaged to be figuring out the extent to which governments, institutions and/or status quo rich are getting into bitcoin or playing with various financial tools or fucking around with gold, and in some sense, we may well be happy in regards to the extent that many of them have plans and practices that are all over the place and potentially contradictory and maybe even mixing up bitcoin and shitcoins or trying to figure out the extent to which "stable coins" are good for them or not and/or their likely ongoing desires to control individuals as much as they can through whatever attempts at regulatory friendliness and/or hostilities that they might figure out to explore and/or to deploy, and as individuals hopefully we are not too much distracted by the same nonsense, lack of direction and/or all over the place strategies that we might see from states, institutions and/or status quo rich folks..  We should be figuring out how to devise plans and to execute strategies to protect ourselves and our bitcoin, even if we might have some bitcoin held by third parties, we may well likely realize that we should be aiming towards maintaining much of our BTC stash privately and protecting ourselves as much as we can, which may also involve ongoing attempts at learning, too..

That seems to be pointing out the level of early that we continue to be, and surely some sovereigns and/or quasi-governmental bodies might find it more convenient to get exposure through ETFs, and others might consider some form of self-custody or ways to have strong checks on their custodians (private custodial arrangements), so the solutions in regards to how they hold their bitcoin might not be clear, and even Bhutan does not seem to be completely transparent regarding their bitcoin holdings. and they seem to have a lot, relative to their size (GDP, budget and population).

as for me exposure through ETFs is the sign of early stage of adoption by corporations/governments/funds. I think over some time they will prefer some form of self-custody or using custodians of institutional grade with all the related services like full insurance.

A decent number of governments, institutions and even individuals who have retirement plans, they might have trouble employing self custody rather than using various forums of 3rd party custody, and sure even some regular folks may well need to weigh the extent to which they want to be careful about their third party custody arrangements and to also make sure that they hold bitcoin in self-custody too.. so in some senses, individuals are likely going to be better off to be able to be flexible and to choose to keep at least decent portions of the BTC holdings in self-custody, even though they could be torn about the prospect of having tax advantaged accounts (and employer matching) through retirement plans that might have access to ETFs.. but then there can be scariness and even extra learning to do with the more powerful option of holding your own keys.

You are expressing a truth that seems to apply whether you are a government, institution or individual.  Those with greater discretionary income have more options to buy bitcoin and even more options to screw things up but still end up accumulating more bitcoin than those with smaller levels of discretionary income..... yet at the same time, it seems to me that a decent number of governments, institutions and individuals are going to get ahead of the similarly-situated (or better off) status quo governments, institutions and individuals based on their level of aggressiveness in accumulating bitcoin within their means and without screwing things up, so they may well be way smaller and with fewer resources, yet bitcoin may well end up contribute towards their relative advancement in the pack of relative comparisons.

of course, those who starts bitcoin accumulation earlier will have chances to close the wealth gap with wealthy countries but their possibilities are still too limited. and I think in many countries/governments there is sufficient number of opponents of aggressive bitcoin accumulation.

Anyone living in countries with hostility towards bitcoin holders still have to  figure out how to protect themselves, and the government is not necessarily helping them to be able to make the right choices if they are restricted from being able to accumulate and even transact in bitcoin, and I am not going to claim to understand all of the various obstacles that individuals are going to face to be able to make sure that they are able to hold bitcoin without overly suffering risks of getting locked out of their coins or otherwise rug pulled by their government or some supposedly credible 3rd party custodian.  Rug pulling can happen in rich and poor countries.

As many of us likely realize, there can be a bit of a mal-incentive for countries and local governments to be accumulating bitcoin (and/or shitcoins) through confiscation.... Many of the laws around confiscation can be unjust, yet it is also unjust for countries to print money and steal from the population by diluting the currency, even though many countries do engage in printing and currency dilution.

I completely agree and there won't be any trust in such governments and countries who unjustly confiscate assets. BTC holders will leave such countries and move to places where the laws are fair and investors are protected. as for printing money, it's an old problem for many countries and that's why bitcoin is getting more and more popular.

The mobility of people in various countries is not always clear, and some folks might be stuck in countries with various unjust laws.

[Popkon6]

Bitcoin pioneer Michael Saylor met with Finance Minister Muhammad Aurangzeb & Minister of State for Crypto Bilal Bin Saqib to discuss using #Bitcoin for national reserves & digital transformation.
Saylor praised Pakistan’s bold vision:
“Emerging markets like Pakistan have a once-in-a-generation chance to leap into the future of finance.”



Source link: https://x.com/hamidwattoo/status/1934244957470036294?t=ngW0EZjYpd9imb0q0Hn-rQ&s=19

Pakistan has taken advice from a suitable place at the present time, I think it is quite beneficial for Pakistan. Because if they are going to hold Bitcoin, the advice of Michael Saylor, the chairman of the company with the highest holding of Bitcoin, will definitely be the most effective for Pakistan.
And Michael Saylor has definitely made Pakistan famous because he has described the people of Pakistan as talented. Michael Saylor will definitely give genuine advice to Pakistan, which if can be used for holding Bitcoin, Pakistan will definitely be self-sufficient in holding Bitcoin.

[Cossyblack]

Bitcoin pioneer Michael Saylor met with Finance Minister Muhammad Aurangzeb & Minister of State for Crypto Bilal Bin Saqib to discuss using #Bitcoin for national reserves & digital transformation.
Saylor praised Pakistan’s bold vision:
“Emerging markets like Pakistan have a once-in-a-generation chance to leap into the future of finance.”



Source link: https://x.com/hamidwattoo/status/1934244957470036294?t=ngW0EZjYpd9imb0q0Hn-rQ&s=19

Pakistan has taken advice from a suitable place at the present time, I think it is quite beneficial for Pakistan. Because if they are going to hold Bitcoin, the advice of Michael Saylor, the chairman of the company with the highest holding of Bitcoin, will definitely be the most effective for Pakistan.
And Michael Saylor has definitely made Pakistan famous because he has described the people of Pakistan as talented. Michael Saylor will definitely give genuine advice to Pakistan, which if can be used for holding Bitcoin, Pakistan will definitely be self-sufficient in holding Bitcoin.

Nation-states adoption of Bitcoin is spreading wide and Pakistan still eager in maintaining their promises as per what they said in Las Vegas about adopting Bitcoin as a strategic reserve. As we may know,Pakistan is already on a huge $8.4B IMF loan making the countr the fifth biggest debtors of the IMF with a total outstanding debt of $8.3bn.  It's more like the country economy is solely depending on the IMF for financial sustainability and the IMF for sure Will certainly fights back or will want to do everything within their power to frustrate the efforts of the Pakistan government in adopting a Bitcoin Reserve inother to protect their personal interests and to remain relevant in the country. Adopting and holding Bitcoin as a strategic reserve will give financial independence to Pakistan in the future and will liberate them from the tighten shackles of the IMF of which I believe the IMF wouldn't want that to happen. Let's see how things are going to play out between the IMF and the Pakistan government.

[Orluemma]

Lately, the idea of a Bitcoin Strategic Reserve (BSR) has surfaced in many news reports. The idea that the US could use Bitcoin as a strategic reserve has proven fundamental to propelling the price of bitcoin through the 100K barrier.

In this thread, I will explain what a Strategic Reserve is and how a Bitcoin Reserve is relevant.

1. Definition of a Strategic Reserve
2. The current proposal: B.I.T.C.O.I.N. Act
3. Implementation details: how could it be done
4. Price expectations from a BSR launch
5. Other implementations around the world
6. Opinions and thoughts from other stakeholders
7. Market expectations
8. Links and documents


1. Definition of a Strategic Reserve

A strategic reserve is a stockpile of critical resources set aside by a government, large institution, or other entity for use in exceptional circumstances — such as emergencies, severe supply disruptions, wars, or periods of extreme market volatility.
Unlike regular inventories that cycle through daily usage, strategic reserves are intentionally maintained as a buffer against uncertainty, ensuring stability and security in times of crisis.

Strategic reserves have a few characteristics that are unique and make them different from standard storage:

• Long-Term Storage: strategic reserves are typically stored for extended periods and released only when severe disruptions occur.
• Critical Nature of Resources: The commodities or assets involved are essential to national security, economic stability, or societal well-being.
• Controlled Access: governments or top-level governing bodies usually oversee the maintenance, release, and replenishment of these reserves, guided by well-defined protocols.

For example, the United States currently has two principal strategic reserves.

• Strategic Petroleum Reserve (SPR): after the oil crisis in the '70s, the US government decided to create a stockpile of oil administered by the US Department of Energy to be used both to protect the US economy against extreme market price fluctuations or as a reserve to provide power to the domestic industrial activities in case of a supply chain problem, or war. Currently, the SPR has more than 390 barrels of oils (the maximum allowed capacity of the reserve is more than 700 million barrels) held in 4 salt caves along the Gulf of Mexico for a valuation of about more than 27 billion USD, with the WTI trading at around 75$ per barrel.
• Gold Reserve : The US has the largest gold reserve in the world, with about 8,133.5 metric tons, totalling almost 700 billion USD in value. Nearly 65% of those reserves are held at the United States Bullion Depository at Fort Knox.
  The Federal Government owns the gold. The government has issued "Gold Certificates" to the Federal Reserve Banks for a total amount of $11 billion. These certificate serves The Federal Reserve Banks as a small portion of collateral for the Federal Reserve Notes. The Federal Reserve doesn't own gold.

The US government has many other Strategic Reserves, including natural gas, grains, food, and cheese (it used to have raisins reserves until 2015).


2. The current proposal: B.I.T.C.O.I.N. Act

Cynthia Lummis, a Republican senator from Wyoming, introduced the idea of a Bitcoin Strategic Reserve in July. She has advocated for the US government to consider Bitcoin as part of its long-term strategic reserves. In the US Senate, she named the bill B.I.T.C.O.I.N. (Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide) Act.

July 31, 2024
WASHINGTON, D.C. – Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, today US Senator Cynthia Lummis (R-WY) officially introduced the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (B.I.T.C.O.I.N.) Act in the US Senate.
"As families across Wyoming struggle to keep up with soaring inflation rates and our national debt reaches new and unprecedented heights, it is time for us to take bold steps to create a brighter future for generations to come by creating a strategic Bitcoin reserve," said Lummis. "Bitcoin is transforming not only our country but the world and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation. This is our Louisiana Purchase moment that will help us reach the next financial frontier."
The B.I.T.C.O.I.N. Act establishes a strategic Bitcoin reserve to serve as an additional store of value to bolster America's balance sheet and ensure the transparent management of Bitcoin holdings of the Federal Government. Specifically, the legislation would:

• Establish a decentralized network of secure Bitcoin vaults operated by the United States Department of Treasury with statutory requirements ensuring the highest level of physical and cybersecurity for the nation's Bitcoin holdings.
• Implement a 1-million-unit Bitcoin purchase program over a set period of time to acquire a total stake of approximately 5% of the total Bitcoin supply, mirroring the size and scope of gold reserves held by the United States.
• Be paid for by diversifying existing funds within the Federal Reserve System and Treasury Department.
• Affirm self-custody rights of private Bitcoin holders and emphasize that the strategic Bitcoin reserve shall not infringe upon individual financial freedoms.

Source

Her proposals and public statements outline a vision in which the US treats Bitcoin similarly to other strategic assets — such as gold — in its treasury holdings, which is getting an equal share of the world reserves of Bitcoin and gold under the US government control.

After the Trump election, the idea gained traction:

https://talkimg.com/images/2024/12/08/p1Jfg.jpeg

The Bitcoin Strategic Reserve would be enacted via a taxpayer-neutral operation, enabling the government to acquire 1 million bitcoins, hodling it for at least 20 years:

• The reserve would be funded by marking the Fed's gold certificates to market value and selling them.
• The government would use the surplus to buy bitcoin without using taxpayer money.
• The Department of Justice would transfer the 208,000 bitcoins from the Silk Road case to the SBR.
• The government will buy 200,000 bitcoins annually for four consecutive years.
• The minimum hodling period would be of 20 years.

The "new" idea concerns repricing the Federal Reserve Certificates at mark-to-market valuations: the certificates were issued at a statutory gold price of $42.22/oz in 1973 and could now be valued at over $2,600/oz.

https://talkimg.com/images/2024/12/08/p1rHd.png

The gains obtained by this adjustment would enable spending without creating new debt, resulting in a neutral move regarding taxpayers' money.


3. Implementation Details: how could it be done

There are a few ways to transfer bitcoin to the Strategic Reserve:

• Transfer bitcoins seized to the Treasury Department. The Department of Justice owns 208,000 bitcoins seized from the Silk Road trial. The bulk of the SBR could be instated by transferring those coins to the FED.
• Open Market Purchases: the government would buy the bitcoin in the market, presumedly via a partnership with Coinbase. This would be the fastest way of obtaining bitcoins, yet the less efficient. For sure, the slippage (i.e. the price movement caused by the buying pressure) in this would be the highest.
• Strategic Partnership with US Miners: this would be an ingenuous way of doing so. The government could buy the bitcoins mined in the US at an average price. This would benefit the miners with a stable price and the government limiting the market impact. The government could also collect taxes from mining firms directly in BTC and offer these subjects grants to tilt their electricity balance toward carbon neutrality via renewable energy sources or even facilitate ERCOT-style agreements with local grids (ERCOT: "Electric Reliability Council of Texas") agreement between the energy companies and miners to switch off miners during peak energy demand from the electric grids. This perfectly aligns with Donald Trump's vision of the industry.
  
  https://talkimg.com/images/2024/12/09/p5uew.png:
  
  Creating this kind of partnership with the private sector would benefit both the parties involved and the industry as a whole.

4. Price Expectations from a BSR launch

The launch of a Bitcoin Strategic Reserve would have an enormous impact on market price.
This would happen through different mechanisms:

• Direct market impact: the buys would impact the market, directly affecting sellers. This could be somewhat mitigated through sophisticated buying strategies, as we have seen, but would dramatically change market microstructure anyway.
• Indirect Market Impact: the launch of the first BSR would have very strong signalling toward other sovereign authorities, opening the race for the second BSR announcement. There will be a flywheel spinning, attracting other National Bank toward buying bitcoin, like today, there is a race to buy gold.
• Model-induced Buying: the opening of BSR-induced buying is necessary to propel Bitcoin in the next phase of growth, something that is necessary for all the bullish models around (be it Stock to Flow, Power Law or S-Curve approach) to see their prediction come true. As long as those models are not "negated," the framework is bullish.

Having said that, assessing the precise impact of a BSR is quite tricky, but of course, the effect would be gargantuan.

A couple of predictions:

	https://talkimg.com/images/2024/12/10/p71DC.jpeg	https://talkimg.com/images/2024/12/10/p7ogH.jpeg
	Novogratz: 500K	Adam Back: Millions

As a ballpark, we could estimate the US buying impact based on what happened with the ETF launch. If the ETF propelled the price from 40K in January 2024 to 100K in December 2024 with 30 Billion in inflows, then 1 million bitcoins, or 100B inflows from the launch of the US SBR, could propel the market from 100K to 300K. This would account only for the first factor, leaving out the impact from factors 2 (Indirect Buying) and 3 (Model Induced Buying).


5. Other implementations are all around the world

Several countries have either established or are considering the creation of strategic Bitcoin reserves.

Amongst the established Bitcoin Reserves:

• El Salvador: In September 2021, El Salvador became the first country to adopt Bitcoin as a legal tender. Since then, the government has accumulated approximately 5,940 bitcoins, valued at around $582 million as of November 2024. They perform both open market purchases (they are buying one bitcoin per day since) and mining operations.
• Bhutan: The Kingdom of Bhutan has been mining Bitcoin using its hydroelectric resources since 2019. More info can be read here: Bhutan Built A Bitcoin Mine On The Site Of Its Failed 'Education City'.
  As of November 2024, Bhutan holds about 12,211 bitcoins worth over $1 billion.
  Contrary to other nations, Bhutan has been quite active in the market, regularly selling the bitcoin they mined.

Some other nations have proposed to instate a domestic SBR:

• Brazil: In November 2024, Eros Biondini, a Brazilian Congressman, proposed a bill to create a Sovereign Strategic Reserve of Bitcoins (RESBit). The proposal involved buying bitcoin up to 5% of Brazil's international reserves. The initiative seeks to reduce the fluctuation of Brazilian real estate in order to protect the economy and develop resilience.
• Poland: Presidential candidate Sławomir Mentzen has advocated for the establishment of a strategic Bitcoin reserve, along with implementing crypto-friendly regulations to attract investment and increase financial flexibility.
  https://talkimg.com/images/2024/12/09/p5aUZ.png
• Russia: Anton Tkachev has proposed accumulating cryptocurrencies in the state treasury, viewing digital assets as potential alternatives to the US dollar in international transactions and tackling the sanctions. Russia has been a heavy gold buyer during the last few years.
  Russian Lawmaker Proposes Creating Strategic Bitcoin Reserve: Report
• Czech Republic: The Czeck Central Bank is looking to convert 5% of their FX reserves into bitcoin.
  https://talkimg.com/images/2025/01/29/Wl008.png
• United States
  
  • Texas: Texas House introduces bill to establish a Strategic Bitcoin Reserve
• https://talkimg.com/images/2025/01/29/Wlxm3.png

These make clear that the idea of an SRB is not a pure US-centric invention but rather a sensible proposal that could reshape the future of a diverse range of countries.
Apparently, there is more to come, and it is not difficult to believe what Prince Filip of Serbia, Jan3 Chief Strategy Officer, is reporting:

https://talkimg.com/images/2024/12/09/p426J.jpeg

Other states, according to bitcointreasuries.net, have some stash of bitcoin. Still, these do not constitute Bitcoin Strategic Reserves, as they are only seized bitcoins, often sold or temporarily held by the government, waiting to be sold on the market.


6. Opinions and Thoughts from Other Stakeholders

• J. Powell
  

  	https://talkimg.com/images/2024/12/09/p4Bwg.png	https://talkimg.com/images/2024/12/09/p4gEI.png
  	Bitcoin is a competitor with gold, not the US dollar	Fed's Powell says Bitcoin is just like gold, except it's digital

  The declaration that Bitcoin competes with gold as the store of value asset of choice sent the bitcoin price skyrocketing on Wednesday, Dec 6th, when Bitcoin finally broke the USD 100,000 price level for the first time.
• Micheal Saylor first spoke about a Strategic Bitcoin Reserve at the Cantor Conference.
  https://talkimg.com/images/2024/12/09/p4p12.png
  
• Robert F. Kennedy Jr. supported an alternative strategic reserve plan to acquire 5 million bitcoin.
• Ro Khanna, a Democratic House Representative from California, was also supportive of the creation of a Bitcoin Reserve:

  "We want to make sure that we have the openness to having bitcoin as part of the Federal Reserve and as a reserve asset because of its potential for appreciation and because of its potential to allow America to set the financial standards."

• Bill Dudley rejected the idea of an SBR as its implementation would be highly impractical and risky.
  According to Dudley, adopting an SBR would only inflate the bitcoin price without a clear benefit to the US, which would be invested in a highly volatile, illiquid asset.
  Dudley also stated that the B.I.T.C.O.I.N. Act also needs a clear exit strategy.
  Source
  
• Bitcoin Policy Institute: Digital Gold Evaluating a Strategic Bitcoin Reserve for the United States
  od.website-files.com/627aa615676bdd562bec97cd/672a72902d6238105d1d2068_BPI%20Policy%20Brief%20Digital%20Gold%202.pdf]https://talkimg.com/images/2024/12/09/p4LPW.png
  This essay from the Bitcoin Policy Institute is the best review of the BSR concept so far. It's a recommended read.
• Eric Trump: told that BSR is going to happen as Donald Trump takes office.
  https://talkimg.com/images/2024/12/10/pBlJ3.png
• Treasury Borrowing Advisory Committee (TBAC) says that "Primary use case for Bitcoin seems to be a store of value aka digital gold."
  https://talkimg.com/images/2024/12/11/pgM3b.png

7. Market Expectation

How probable is the creation of an SBR?
There is a pool on Polymarket that places the probability of Trump going on with the proposal in the first 100 days at 29%:

https://talkimg.com/images/2024/12/09/p44Cb.png

The probability of this measure lies in the first 100 days, and the President can leverage this as a National Security Matter. This could mean he could issue an Executive Order to immediately instate the SBR as an alternative to the standard approval path through Congress.


8. Links and documents

Strategic Petroleum Reserve
Gold Holdings
United States Bullion Depository
Bitcoin Treasuries


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Lately, there's been growing buzz around the idea of a Bitcoin Strategic Reserve (BSR)  a concept where the U.S. government would hold Bitcoin in the same way it holds gold or oil. The idea isn’t as far-fetched as it may sound. In fact, some argue it's already influencing Bitcoin's price momentum past the $100,000 barrier.

But before we get carried away, it’s worth taking a closer look at what this proposal actually means, and more importantly, what we’re not talking about enough.


What is a Strategic Reserve?

A strategic reserve is basically a safety stockpile — a stash of critical resources that a government or large institution keeps aside to prepare for economic shocks, supply disruptions, or emergencies. These are usually items essential to national security or economic stability, like oil, natural gas, gold, or even grain.

In the U.S., two of the most famous examples are:

The Strategic Petroleum Reserve (SPR): where over 390 million barrels of oil are stored along the Gulf Coast.

The Gold Reserve: with over 8,000 metric tons of gold held mostly in Fort Knox, worth about $700 billion.


These assets serve as national insurance policies — not things to be spent casually, but to be tapped in times of crisis.


The Bitcoin Proposal: The B.I.T.C.O.I.N. Act

In July, U.S. Senator Cynthia Lummis proposed that the country create a Bitcoin Strategic Reserve. She introduced the B.I.T.C.O.I.N. Act — short for Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide. The core idea? Treat Bitcoin as a strategic long-term reserve asset, just like gold.

The plan includes:

Funding the reserve using gold certificates that the Fed already holds (marked to today’s gold prices).

Avoiding taxpayer money by using those gold profits to buy Bitcoin.

Acquiring 1 million BTC over time, beginning with 200,000 BTC a year for four years.

Having the Department of Justice contribute 208,000 BTC seized from the Silk Road case.

Holding the Bitcoin for at least 20 years.

While the idea sounds innovative, there are several key concerns that aren’t getting enough attention:

1. Bitcoin Is Volatile

Gold is relatively stable. Oil prices can fluctuate, but they’re still tied to supply and demand. Bitcoin? It can lose half its value in a few months. If the U.S. government locks up a huge amount of BTC, a massive drop could make the reserve look reckless — even if the long-term thesis is solid.

2. Where Will They Store It?

1 million BTC is a huge target for hackers. The proposal doesn't explain how the government plans to securely store and manage such an enormous amount of digital assets. Cold storage? Multisig wallets? External custodians? That’s a serious gap.

3. Why 20 Years?

The proposal says the BTC should be held for 20 years  but why that number? Is it linked to economic forecasts, inflation cycles, or simply a guess? The logic needs to be explained if it’s going to be credible.

4. What Happens If Bitcoin Becomes “Too Valuable”?

If Bitcoin hits $1 million, this reserve could easily be worth more than the gold reserve. What would that mean for monetary policy? Could Bitcoin undermine the dollar, or would it back it up? There’s no roadmap here.

5. The Silk Road Coins Could Be Controversial

Those 208,000 BTC from the Silk Road case were seized in a criminal investigation. Using them in a strategic reserve could invite legal challenges or ethical debates. The idea isn’t bad  but it needs careful framing.

6. Public Opinion Isn’t Addressed

Let’s be honest  not everyone in Congress (or the general public) loves Bitcoin. Some see it as a Ponzi scheme or tool for crime. Others worship it as financial freedom. The proposal doesn’t address how it plans to win over skeptics, which is crucial for something this bold.

7. Global Reactions Could Be Intense

If the U.S. creates a Bitcoin reserve, what will China or the EU do? Will it spark a global Bitcoin arms race? What about countries that have banned crypto altogether? We haven’t thought enough about the geopolitical impact.

A Great Start  But Needs More Work

The idea of a Bitcoin Strategic Reserve isn’t crazy. In fact, it makes sense for a world that’s moving digital and where traditional financial systems feel shaky. But just like any major policy shift, it needs to be deeply thought through.

Right now, the excitement is drowning out the caution. Before we celebrate, we need to talk about custody, risk, duration, international fallout, legal concerns, and the tech side of this plan. Because once the U.S. goes down this path, there may be no turning back.

[JayJuanGee]

[edited out]

Lately, there's been growing buzz around the idea of a Bitcoin Strategic Reserve (BSR)  a concept where the U.S. government would hold Bitcoin in the same way it holds gold or oil. The idea isn’t as far-fetched as it may sound. In fact, some argue it's already influencing Bitcoin's price momentum past the $100,000 barrier.

But before we get carried away, it’s worth taking a closer look at what this proposal actually means, and more importantly, what we’re not talking about enough.

What is a Strategic Reserve?
A strategic reserve is basically a safety stockpile — a stash of critical resources that a government or large institution keeps aside to prepare for economic shocks, supply disruptions, or emergencies. These are usually items essential to national security or economic stability, like oil, natural gas, gold, or even grain.

In the U.S., two of the most famous examples are:
The Strategic Petroleum Reserve (SPR): where over 390 million barrels of oil are stored along the Gulf Coast.

The Gold Reserve: with over 8,000 metric tons of gold held mostly in Fort Knox, worth about $700 billion.
These assets serve as national insurance policies — not things to be spent casually, but to be tapped in times of crisis.

The Bitcoin Proposal: The B.I.T.C.O.I.N. Act
In July, U.S. Senator Cynthia Lummis proposed that the country create a Bitcoin Strategic Reserve. She introduced the B.I.T.C.O.I.N. Act — short for Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide. The core idea? Treat Bitcoin as a strategic long-term reserve asset, just like gold.

The plan includes:
Funding the reserve using gold certificates that the Fed already holds (marked to today’s gold prices).
Avoiding taxpayer money by using those gold profits to buy Bitcoin.

Acquiring 1 million BTC over time, beginning with 200,000 BTC a year for four years.
Having the Department of Justice contribute 208,000 BTC seized from the Silk Road case.

Holding the Bitcoin for at least 20 years.
While the idea sounds innovative, there are several key concerns that aren’t getting enough attention:

1. Bitcoin Is Volatile
Gold is relatively stable. Oil prices can fluctuate, but they’re still tied to supply and demand. Bitcoin? It can lose half its value in a few months. If the U.S. government locks up a huge amount of BTC, a massive drop could make the reserve look reckless — even if the long-term thesis is solid.

2. Where Will They Store It?
1 million BTC is a huge target for hackers. The proposal doesn't explain how the government plans to securely store and manage such an enormous amount of digital assets. Cold storage? Multisig wallets? External custodians? That’s a serious gap.

3. Why 20 Years?
The proposal says the BTC should be held for 20 years  but why that number? Is it linked to economic forecasts, inflation cycles, or simply a guess? The logic needs to be explained if it’s going to be credible.

4. What Happens If Bitcoin Becomes “Too Valuable”?
If Bitcoin hits $1 million, this reserve could easily be worth more than the gold reserve. What would that mean for monetary policy? Could Bitcoin undermine the dollar, or would it back it up? There’s no roadmap here.

5. The Silk Road Coins Could Be Controversial
Those 208,000 BTC from the Silk Road case were seized in a criminal investigation. Using them in a strategic reserve could invite legal challenges or ethical debates. The idea isn’t bad  but it needs careful framing.

6. Public Opinion Isn’t Addressed
Let’s be honest  not everyone in Congress (or the general public) loves Bitcoin. Some see it as a Ponzi scheme or tool for crime. Others worship it as financial freedom. The proposal doesn’t address how it plans to win over skeptics, which is crucial for something this bold.

7. Global Reactions Could Be Intense
If the U.S. creates a Bitcoin reserve, what will China or the EU do? Will it spark a global Bitcoin arms race? What about countries that have banned crypto altogether? We haven’t thought enough about the geopolitical impact.

A Great Start  But Needs More Work

The idea of a Bitcoin Strategic Reserve isn’t crazy. In fact, it makes sense for a world that’s moving digital and where traditional financial systems feel shaky. But just like any major policy shift, it needs to be deeply thought through.

Right now, the excitement is drowning out the caution. Before we celebrate, we need to talk about custody, risk, duration, international fallout, legal concerns, and the tech side of this plan. Because once the U.S. goes down this path, there may be no turning back.

You think that there is some value to quote all of OP?  And, then what good does it do for actual forum members to be considering communicating with a bot rather than the ideas of a real person?

[avp2306]

--

You think that there is some value to quote all of OP?  And, then what good does it do for actual forum members to be considering communicating with a bot rather than the ideas of a real person?

Well maybe for doing this maybe they think its easy for them to boost their post count or maybe earn merit.

But that's really not the real case and they need to wake up on their nonsense. They better do further more research since this is more better for them since for spending lots of efforts to dig up relevant information towards the topic mentioned for sure they can learn lot of things not only about Bitcoin but also those good things done by countries who choose to adopt or invest on Bitcoin.

There are more better than what they are doing since if they choose to be lazy and rely on bots for sure that they won't go any far doing those irrelevant things.

[Fara Chan]

...

Your first answer is that you should buy Bitcoin at a price and sell it at a price that will make you a profit. It is normal to hold until you make a profit. "Buy the Deep & Hold Until Make Profits"
When you need emergency funds, you can use Bitcoin if it is legally permitted in your country. You may need an emergency fund in the future, in which case you should not invest all your funds but keep some stable currencies as a backup for the need.

I don't think it is necessary to have legal permission if someone wants to exchange the Bitcoin they have bought back into another form such as money (for example). Because Bitcoin is basically always free and not related to the laws of any government so that every Bitcoin holder can immediately exchange it back without having to ask for permission from any party. And for emergency funds itself, I think that has been thought about by every Bitcoin holder in the long term or by investors who are very happy to invest in Bitcoin in the long term, so they are not too worried about it because there has been preparation from the beginning or before they buy Bitcoin in large quantities. Because money for life and also for emergencies must always be there even if someone does not invest in any assets.

[As-Soon-As]

Canadian Company Universal Digital Launches Bitcoin Treasury Strategy

Look, this Canadian company has called Bitcoin the main pillar of money. The most advantages of accepting Bitcoin are many, due to which every company and individual has embraced Bitcoin the most. In any case, it is possible to become stronger by accepting Bitcoin.
In taking loans and becoming financially independent, Bitcoin is most needed, Bitcoin plays the most powerful role in making the company financially independent.

[Cossyblack]

The Texas Governor Abbott Gregg still has Six days left to sign the SB 21 bill into law.  We should be expecting a positive responses from the Governor about the bill this week. There is still every tendency that the Texas Governor will  sign the SB21 Bill into law due to his passion and support for Bitcoin in his state and he has also assured concern citizens of the state that he is going to sign the SB21 into law. So definitely it's going to happen in a few days Time.

[Futurexxx]

The Texas Governor Abbott Gregg still has Six days left to sign the SB 21 bill into law.  We should be expecting a positive responses from the Governor about the bill this week. There is still every tendency that the Texas Governor will  sign the SB21 Bill into law due to his passion and support for Bitcoin in his state and he has also assured concern citizens of the state that he is going to sign the SB21 into law. So definitely it's going to happen in a few days Time.

Though it has not happened yet but this is a step in the right direction if this happens in the coming days because to me this has dragged on more than necessary, let's just keep out fingers crossed and be hoping for a positive news on that regard in the coming days.
Furthermore, due to the fact that Mr president Donald trump is a crypto friendly president, it would be just a matter of time before all states in the united state which have not added Bitcoin to it strategic reserve do so, since almost all states in the country are moving progressively on that regard.