Industry experts: Trump may announce BTC as a strategic reserve asset

Source: Blockchain Knight

Former US President Trump is rumored to announce a groundbreaking news at the "BTC 2024 Conference" in Nashville.

According to industry insiders, the former president may plan to use BTC as a strategic reserve asset for the United States.

Dennis Porter, co-founder of the Satoshi Action Fund, and Simon Dixon, founder of BnkToTheFuture, both shared the rumor on social media, citing reliable sources.

However, these claims have not yet been confirmed by Trump, his staff, or any public external sources. Until they are officially confirmed, these claims should be regarded as speculation.

Among Crypto asset supporters, there is a growing desire to use BTC as a reserve asset. Many believe that this move will ensure the dollar's dominance in the global financial landscape.

The idea has gained more attention in recent weeks after Trump reportedly discussed the issue at a meeting.

Porter stressed that it is “no question” that BTC will be used as a strategic reserve asset for the U.S. Treasury, suggesting that such a move could change the global financial paradigm and prompt other countries to adopt a BTC stance.

This idea has even transcended the Crypto asset industry, with BlackRock CEO Larry Fink recently making similar remarks and referring to the flagship Crypto asset as “digital gold.”

BTC Magazine CEO and Trump campaign adviser David Bailey also explored the theoretical implications of the United States using BTC as a strategic reserve asset.

Bailey’s vision is to secure a large BTC reserve for the U.S. Treasury by locking up the 210,000 BTC held by the United States for 100 years. The rumor has caused quite a stir among Crypto asset investors and advocates.

BTC-friendly political leaders have long advocated for BTC as a strategic reserve asset.

Former presidential candidate Vivek Ramaswamy has been advising Trump on BTC and digital assets since January.

Ramaswamy has previously proposed backing the dollar with a range of commodities, including BTC, to fight inflation and maintain the value of the currency over the long term.

In recent weeks, despite historical reservations about BTC, Trump has expressed strong support for the industry, and the Republican Party has followed suit by incorporating BTC and Crypto asset-related issues into its latest platform.

Trump recently announced that Senator JD Vance, a well-known BTC supporter, will join his ticket as a vice presidential candidate in the 2024 election, adding to speculation about increased measures in support of BTC and Crypto assets.