A Big Move for Bitcoin
A key insider believes the United States could be getting a strategic Bitcoin reserve within the first 100 days of President Trump’s new term. David Bailey, CEO of BTC Inc., thinks this is a crucial move, especially with other countries potentially getting ahead of the US in Bitcoin accumulation.
Time is of the Essence
Bailey expressed his concerns on X, warning that “America is at major risk of being front run on its Bitcoin agenda.” He urged immediate action, saying, “We must establish the Strategic Bitcoin Reserve as quickly as possible. President Trump has the house and senate. He has a mandate. The environment is there for us to get this done in first 100 days.”
Trump’s Bitcoin Promise
This comes after speculation about how Trump will fulfill his previous promises regarding Bitcoin. His son, Eric Trump, responded to Michael Saylor’s statement that “We have a Bitcoin President” with a call to action: “America must lead the way!”
Senator Lummis Leads the Charge
Senator Cynthia Lummis of Wyoming has also been vocal about the need for a national Bitcoin reserve. She took to X to declare, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE.”
The Bitcoin Act
Lummis previously introduced the Bitcoin Act, which proposes the US government purchase up to 200,000 BTC per year for five years, totaling 1,000,000 BTC. This aligns with Trump’s vision of converting all confiscated Bitcoin into a national “stockpile.”
Global Impact
Bailey noted that “Many nation states are about to start making moves into Bitcoin.” Other prominent figures in the community have also emphasized the global significance of a US strategic Bitcoin reserve.
Dylan LeClair, a respected analyst, warned that time is running out: “You have approximately three months until the US Government puts into law active accumulation of BTC as a strategic reserve asset. Other sovereigns will be discreetly front running. The clock has already started.”
Joe Consorti, Head of Growth at Theya Inc., described the scale of the proposed accumulation: “The US will buy 550 BTC/day for 5 years, and hold all of it for a minimum of 20 years.” He called it “an infinite balance sheet pouring into absolute and immutable scarcity.”
Travis Kling, CEO and founder of Ikigai Asset Management, reflected on the changing tides: “When this was announced at the Nashville conference, I thought it was pretty unlikely. Just felt like a bridge too far. Almost like it was too bullish to believe. With a red wave, the likelihood of this has drastically increased. If it does, legit WAGMI.”
Bitcoin’s Price
At the time of writing, Bitcoin was trading at $74,640.
