Note that crypto has become a popular topic for the Trump family. Earlier this week, the son of the newly elected US President Eric Trump spoke at a cryptocurrency conference.

He stated that there was no doubt about Bitcoin’s future growth to a million dollars. Here is the related video.

When will the US buy bitcoins

During the interview, CNBC host Jim Cramer compared Bitcoin’s reserve to a strategic oil reserve. Trump agreed with this analogy and shared the following comment.

I think yes. We’re going to do something great with cryptocurrencies. Because we don’t want China or anybody else to get ahead in that regard.

The politician separately noted that it is the US that should prove to be the leader in the new promising field. This approach is in line with the newly elected president’s desire to approve adequate regulation of the coin industry, so as to promote its development in America and at the same time help the local economy.

Throughout the stages of his campaign, Trump has leaned towards supporting cryptocurrencies, although he was sceptical of digital assets during his first cadence. In July, Trump won the support of many industry supporters when he said he would fire SEC Chairman Gary Gensler if elected, as well as create a “Bitcoin strategic reserve.”

The Trump family then launched a crypto project from decentralised finance called World Liberty Financial, meaning his engagement with the digital asset sphere has reached a new level.

US President Donald Trump

According to The Block’s sources, the community’s optimistic reaction to what is happening in American politics is directly reflected in the digital asset market.

Still, the price of Bitcoin and other coins has been actively rising since Trump won the election. Since that day, the BTC rate has risen from about $68,000 to $104,000. As analysts believe, the success of Trump and the Republicans in general should have a long-term positive impact on the industry.

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Initiatives similar to Trump’s ideas are also starting to appear locally in the US. Still on Thursday, a bill to create a strategic crypto reserve was introduced in the Texas House of Representatives – its creation could be somewhat of a “test” for the Treasury Department.

The proposed bill would allow the state to begin creating a strategic reserve by accepting taxes, fees and donations in bitcoins that would be held for at least five years. The announcement was made by Republican state representative Giovanni Capriglione, whose remarks were cited by CNBC.

According to the Satoshi Action Fund, the bill is designed to strengthen the state’s financial stability and establish it as a leader in innovation. Here’s Capriglione’s comment on it.

Probably the biggest enemy of our investments is inflation. A strategic crypto reserve and investment in BTC is a win-win for the state.

The change in Bitcoin’s value over the past three months

As a reminder, Texas is not only the second largest economic region in the US, but also the most concentrated state in terms of the number of miners. It is believed that some of them will start paying taxes in cryptocurrency.

Although the initial proposal in the bill does not include a direct strategy to buy bitcoins, Capriglione noted. He continues.

My goal is to make this bill as important and sweeping as possible. Initially, we want to provide some leeway and flexibility, but if I can get the support of other lawmakers, we will make it even stronger.

Some doubts remain, however, as to whether the US will actually create a crypto reserve – and if it does, it will be the first to do so. Nevertheless, the idea of creating Bitcoin reserves will definitely be a positive catalyst for the market next year, which will encourage other countries to take similar initiatives.

The importance of the initiative’s realisation was previously highlighted by Bitwise analysts. They believe that the peak for Bitcoin during the current bullrun in 2025 will be the $200,000 line. However, if the US does announce the creation of a national cryptocurrency reserve, then this level will rise to the 500 thousand mark or even more, the experts noted.

Bitcoin BTC rate growth

In addition, they expect the number of countries that will own bitcoins to double next year. Accordingly, such a forecast may well materialise against the background of what is happening with coins today.


For now, the cryptocurrency reserve remains just a project that will definitely not be supported by the Democrats. However, after the inauguration of Donald Trump on 20 January, the situation will definitely change. Obviously, this is why analysts are betting on an active bullrun phase in the coin sphere just next year.

For more interesting stuff, check out our crypto chat. Be sure to visit us to discuss the most relevant topics from the sphere of digital assets.

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