{"id":1508138,"date":"2024-12-16T09:15:00","date_gmt":"2024-12-16T14:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1508138"},"modified":"2024-12-16T09:15:00","modified_gmt":"2024-12-16T14:15:00","slug":"trump-may-use-bitcoin-as-us-reserve-asset-on-day-one","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/trump-may-use-bitcoin-as-us-reserve-asset-on-day-one\/1508138\/","title":{"rendered":"Trump May Use Bitcoin As US Reserve Asset On ‘Day One’"},"content":{"rendered":"

Trump May Use Bitcoin As US Reserve Asset On ‘Day One’<\/span><\/p>\n

\n

Authored by Yashu Gola via CoinTelegraph.com,<\/em><\/a><\/p>\n

Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin\u00a0BTC$102,801<\/a>\u00a0as a United States reserve asset, according to Jack Mallers, CEO and founder of Strike.<\/p>\n

<\/a><\/p>\n

A 200K Bitcoin buy order is coming in January 2025?<\/h2>\n

In a podcast interview with YouTuber Tim Pool, Mallers explained that the president-elect could rely on provisions within a so-called “Dollar Stabilization Act,” which grants him considerable authority to protect the US dollar.<\/p>\n<\/p>\n

\u201cThere\u2019s potential to use a day-one executive order to purchase Bitcoin,\u201d Mallers stated, adding:<\/p>\n

\u201cIt wouldn’t be the size and scale of 1 million coins but it would be a significant position.”<\/p>\n

The\u00a0Bitcoin Act of 2024<\/a>, introduced by pro-crypto Senator Cynthia Lummis in July, proposes that the Treasury and Federal Reserve purchase 200,000 BTC annually over five years, accumulating 1 million BTC.<\/p>\n

The reserve will be held for at least 20 years, thereby taking 5% of Bitcoin\u2019s total supply (of 21 million tokens) from circulation.<\/p>\n

These speculations have resulted in some lofty new BTC price targets for 2025 and beyond.<\/p>\n

Bitcoin price may hit $800,000 by 2025\u2019s end<\/h2>\n

According to Perianne Boring, founder of The Digital Chamber, Bitcoin\u2019s capped supply could lead to significant price appreciation, especially if Trump successfully implements many of his proposed crypto policies.<\/p>\n

\u201cIf Donald Trump is successful in putting forth a lot of the proposals that he’s proposed to the [crypto] community, the sky is the limit because Bitcoin has a fixed supply,\u201d Boring\u00a0stated<\/a>\u00a0in an interview with Fox Business.<\/p>\n

She pointed to the\u00a0stock-to-flow model<\/a>, which forecasts Bitcoin\u2019s price to exceed $800,000 by the end of 2025. Such a surge would push Bitcoin\u2019s market capitalization to around $15 trillion, up from its current valuation of over $2 trillion.<\/p>\n

PlanB, the creator of the stock-to-flow model, meanwhile\u00a0predicts<\/a>\u00a0Bitcoin to average around the $500,000 valuation across 2025. However, he believes that the price may go as high as $1 million.<\/p>\n

<\/a><\/p>\n

Source:\u00a0<\/em>PlanB<\/em><\/a><\/p>\n

BlackRock suggests 1-2% portfolio allocation to Bitcoin<\/h2>\n

The stock-to-flow model’s Bitcoin price prediction hinges on the assumption that demand for BTC will continue to grow.<\/p>\n

The US Treasury theoretically accumulating 200,000 BTC every year reinforces the idea of stronger demand in coming years, since it\u2019ll likely force other counties to consider a strategic Bitcoin reserve of their own.<\/p>\n

BlackRock, which manages over $10 trillion worth of assets, has already recommending investors to allocate 1-2% of their portfolio to Bitcoin.<\/p>\n

“We see a case for investors with suitable governance and risk tolerance to include Bitcoin in a multi-asset portfolio,” the firm\u2019s four senior executives, including Samara Cohen, chief investment officer of ETFs and Paul Henderson, senior portfolio strategist of BlackRock Investment Institute,\u00a0said<\/a>\u00a0in a report published Dec. 12.<\/p>\n

To put this into perspective, the total global reserve assets are valued at approximately $900 trillion. A 2% allocation to Bitcoin from this pool would, in theory, drive the cryptocurrency’s price to around $900,000 per unit.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 12\/16\/2024 – 04:15<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/trump-may-use-bitcoin-us-reserve-asset-day-one<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump May Use Bitcoin As US Reserve Asset On ‘Day One’ Authored by Yashu Gola via CoinTelegraph.com, Donald Trump will likely issue an executive order…<\/p>\n","protected":false},"author":0,"featured_media":1508139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1508138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6kkO","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/12\/0193c9e3-8676-7df8-9422-ef0d7670-9vObox.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1508138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1508138"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1508138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1508139"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1508138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1508138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1508138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}