• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Strategic Bitcoin Reserve Donald Trump

Strategic Bitcoin Reserve Possible Within Trump’s First 100 Days, Says Insider

Jake Simmons
by Jake Simmons
10 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The United States could establish a strategic Bitcoin reserve within the first 100 days of President-elect Donald Trump’s administration, according to a key insider. David Bailey, CEO of BTC Inc. and instrumental in shifting Trump’s stance on Bitcoin, emphasized the urgency of this initiative amid concerns that other nations might outpace the US in BTC accumulation.

When Will The Strategic Bitcoin Reserve Be A Reality?

Bailey expressed his concerns on X today, warning that “America is at major risk of being front run on its Bitcoin agenda.” He added, “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.”

America is at major risk of being front run on its bitcoin agenda. 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.

— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) November 7, 2024


His remarks come as speculation mounts within the community about how Trump will deliver on his previous promises. Following Trump’s election victory yesterday, his son Eric Trump reinforced this anticipation by responding to MicroStrategy Executive Chairman Michael Saylor‘s declaration of “We have a Bitcoin President” with a call to action: “America must lead the way!”

America must lead the way! https://t.co/ZThsy0gSNh

— Eric Trump (@EricTrump) November 6, 2024

Notably, US Senator Cynthia Lummis of Wyoming has also renewed her advocacy for a national BTC reserve on November 6. She took to X yesterday to proclaim, “WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE.”

WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE 🇺🇸 🇺🇸 🇺🇸

— Senator Cynthia Lummis (@SenLummis) November 6, 2024

In July, Lummis introduced the Bitcoin Act, which proposes that the US government purchase up to 200,000 BTC per year over a five-year period, totaling 1,000,000 BTC. This legislative push aligns with Trump’s view. At the 2024 Bitcoin Conference, he advocated converting all BTC confiscated by law enforcement into a national “stockpile.”

Related Reading: Bitcoin Price After US Presidential Elections: Here’s How BTC Reacted To Previous Winners

“Many nation states are about to start making moves into Bitcoin,” Bailey noted yesterday. Prominent figures in the community have weighed in on the potential establishment of a US strategic BTC Reserve, emphasizing its global significance.

Dylan LeClair, a respected analyst, suggested that time is of the essence: “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.”

Related Reading: Bitcoin Acquisition Continues: Semler Scientific Increases Holdings To 1,058 BTC

Joe Consorti, Head of Growth at Theya Inc., highlighted 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 described it as “an infinite balance sheet pouring into absolute and immutable scarcity.”

Travis Kling, CEO and founder of Ikigai Asset Management, reflected on the changing tides and the possibility: “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.”

At press time, BTC traded at $74,640.

Bitcoin price
BTC price, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with UEEx, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jake Simmons

Jake Simmons

Follow

Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

Full Profile

Related Posts

Bitcoin

Bitcoin Short-Term Holders Are Capitulating: 60,000 BTC Hits Exchanges At Loss

15 minutes ago
Bitcoin

Bitcoin And Ethereum Prices Crash, But Technicals Show What’s Next

9 hours ago
Bitcoin

Bitcoin Accumulation Trend Shows Signs Of Weakening, What Does This Mean?

10 hours ago
Bitcoin news

Leaked Chats Rock Bitcoin: Hard Fork Proposal Threatens Immutability

20 hours ago
Bitcoin

Bitcoin Cycle Inflows Hit $678 Billion: How Do Past Cycles Compare?

21 hours ago
Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

Bitcoin Adoption Expands As Ohio Approves Vendor For State Cryptocurrency Payments

1 day ago

Premium Sponsors

Press Releases

  • 上線倒計時:僅剩25天可搶購 Snorter Bot 代幣

    1 day ago
  • 加密錢包掀起發幣熱潮 Best Wallet...

    3 days ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    4 days ago
  • Snorter надхвърли $4 милиона след...

    5 days ago
  • Experience the Next Chapter of Pickleball with the $PKL Token Presale.

    Experience the Next Chapter of Pickleball with the $PKL...

    1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.