The prospect of creating a national Bitcoin reserve became one of the most important components of Donald Trump’s election campaign. It is possible that the newly elected US President will not hurry with the initiative, but it will in any case affect the BTC rate.

As analysts of Blockware Solutions noted the day before, the decision to accumulate bitcoins at the state level will ensure the growth of the cryptocurrency to at least 225 thousand dollars in this cycle. Well, the rejection of the initiative will end with Bitcoin peaking at 150 thousand during the current bullrun.

Bullrun in the cryptocurrency market

Will a national cryptocurrency reserve be created in the US?

According to Alex Thorne, head of research at Galaxy Digital, the US government will create a certain reserve of BTC, which is already in fact stored as confiscated coins. That said, discussions on the reserve initiative will continue for the foreseeable future. Here is a rejoinder on the matter, as quoted by Cointelegraph.

There will be some movement within departments and agencies to explore an expanded reserve policy.

At the moment, the U.S. government holds 183,850 BTC worth about $17.36 billion. The Bitcoin Act 2024 proposed by Wyoming Senator Cynthia Lummis, if passed, would allow the U.S. government to include BTC in its coffers as a reserve asset. On top of that, the authorities would purchase 200,000 BTC each year for five years.

Bitcoin’s change in value over the past month

Galaxy analyst under the nickname JW stated that there is a prospect of adding BTC to balance sheets or sovereign funds for up to five Nasdaq 100 companies and five states. According to the expert, a tougher US stance on Bitcoin adoption could well spark a new race to conquer the crypto market. Here’s his rejoinder.

Competition between states – especially non-aligned states with large sovereign wealth funds and even those hostile to the US – will incentivise the adoption of strategies to mine or otherwise acquire Bitcoins.


Still, the key feature of Bitcoin, aside from the cryptocurrency's immense popularity, is its limited supply. It will amount to 21 million coins, which will be fully mined by 2140. As of today, there are 19.8 million BTC in circulation, but due to halving, mining the rest of the crypto will stretch for more than a hundred years.

As a reminder, every 210,000 blocks, or approximately four years, the miners' reward per block is reduced by 50 per cent. They now receive 3.125 BTC for each block, with the figure standing at 6.25 bitcoins until 20 April 2024. And the issuance rate will continue to fall at this rate.

Earlier on 26 December 2024, Japanese Prime Minister Shigeru Ishiba said he did not fully understand the strategy of countries like the US to create a new national crypto reserve. Meanwhile, former Binance CEO Changpeng Zhao said that China will be one of the countries to start working in this direction.

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Meanwhile, the President’s recently appointed new advisor on cryptocurrencies and artificial intelligence, David Sachs, has only two years to promote policies favourable to the crypto industry, that is, until the US midterm elections in 2026. This was stated by Joe Doll, general counsel of NFT marketplace Magic Eden.

Trump adviser David Sachs

According to Doll, the threat of political paralysis is in a position to stall the adoption of new regulations. That said, the president’s administration should have time to advance measures in support of the crypto industry while it controls both houses of Congress.

The Republican majority in the House of Representatives is extremely slim. It is likely to change, as it almost always does. So the government could become divided, which in turn would lead to a lockdown and freeze on solutions in two years. We have 24 months to push something important forward.

The numerous appointments of cryptocurrency advocates to advisory positions and to Trump’s cabinet are seen by the blockchain community as a positive step. Still, the new administration promises to pass laws to encourage innovation and adoption of digital assets in general.

The appointment of David Sachs has been welcomed among crypto industry executives. Either way, Sachs has been a strong advocate of cryptocurrencies, technological innovation and economic freedom for years.

New SEC Chairman Paul Atkins

On 4 December 2024, President-elect Trump also nominated Paul Atkins to become chairman of the Securities and Exchange Commission (SEC).

On 22 December, the incoming president nominated Stephen Mirana to be chairman of the Council of Economic Advisers. Miranu’s selection as one of the top advisors was also welcomed by the crypto industry due to his stance in favour of deregulation and technological advancement.


Galaxy Digital's version of the experts is merely speculation about the future. Similarly, representatives of the blockchain industry have previously stated that Trump may recognise Bitcoin as an asset for accumulation with an appropriate decree on the first day of his next presidential term. As a result, it will be possible to find out about the real scenario in practice.

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