Trump is Steadfast on Implementing a Strategic Bitcoin Reserve, Experts Explain How He Might Do It

U.S. President Donald Trump's proposal to establish a U.S. strategic Bitcoin (BTC) reserve has fueled high expectations, though experts caution that the plan could face hurdles related to legislation, funding, and Bitcoin's inherent volatility. Following Trump's announcement in Dec. 2024, Bitcoin's price surged to a then all-time high of $108,000, driven by widespread pro-crypto sentiment. However, the cryptocurrency experienced a correction, retreating to approximately $93,000 amid the Federal Reserve's hawkish monetary stance and the release of recent macroeconomic data. Since then, Bitcoin rallied to a new all-time high on Inauguration Day, reaching $108,500. Currently, BTC is trading at around $103,000, according to CoinGecko. While Trump has not detailed how he plans to implement this initiative, his remarks emphasize the growing adoption of BTC by governments and large institutions. This signals a border shift toward digital currencies and the integration of blockchain technology with traditional finance. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io