With seven weeks to go until Donald Trump’s inauguration, the potential introduction of a strategic US Bitcoin reserve continues to be a hotly debated topic. Will Donald Trump fulfill the campaign promise he made during the Bitcoin Conference 2024 in Nashville this July? Supporters and critics are weighing every word, and Trump’s latest statement has caused controversy.
In a provocative statement on Truth Social on November 30, Trump asserted that the BRICS countries’ (attempts to move away from the US. Dollar would no longer be tolerated. “The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100% Tariffs,” Trump wrote.
Nick Timiraos, a reporter for The Wall Street Journal aka the “the Federal Reserve’s mouthpiece” raised the question about the compatibility of Trump’s tariff threats with the idea of a federal BTC reserve. He inquired on X how these two initiatives are compatible. “How does this pair with the idea of creating a federal Bitcoin reserve,” he remarked.
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Matthew Sigel, Head of Digital Assets Research at VanEck, views a federal Bitcoin reserve as a strategic alignment with US interests. He explained that adopting Bitcoin could prevent centralized alternatives, such as the digitable RMB or Ruble, from gaining unchecked influence.
Sigel added, “The US government has historically adapted to maintain its global dominance—whether through Bretton Woods, the petrodollar system, or sanctions policy. Adopting Bitcoin as a reserve asset is a natural evolution of this adaptability, ensuring that any future reserve currency transition works in America’s favor.”
Dennis Porter, co-founder of the Satoshi Action Fund and advocate for Pennsylvania’s strategic Bitcoin reserve bill, emphasized Bitcoin’s role as a neutral financial layer. Speaking on X, Porter stated that Bitcoin represents a “third way” for the global financial system.
“People still can’t see it. Bitcoin is the third way for the global financial system. It is the interoperable layer that will ensure we can survive even if we don’t pick sides in the war over the global financial system,” Porter remarked.
Anthony Pompliano, a notable figure in the crypto community, highlighted the bifurcated future of global finance under Trump’s policies. He suggested that while the US Dollar would remain dominant for transactions, BTC would serve as a stable asset for savings, aligning with Trump’s tariff threats against BRICS nations attempting to establish a competing reserve currency.
“President Trump is now threatening a 100% tariff on BRICs if they attempt to create a reserve currency to compete with the US dollar. The future will be dollars for transactions and Bitcoin for savings,” Pompliano argued.
Crypto trader Ansem (@blknoiz06) added the potential for substantial stablecoin legislation, which would enable banks to hold stablecoins on their balance sheets, thereby reinforcing the dollar’s international dominance.
“BTC reserve to hedge against inflation globally. Substantive stablecoin legislature for banks so they can hold them on their balance sheets which will increase dollar dominance around the world.”
At press time, BTC traded at $96,692.
