Trump plans US Bitcoin reserve on day one as CEO reveals

Donald Trump is expected to issue an executive order on his first day in office to designate Bitcoin (CRYPTO:BTC) as a United States reserve asset, according to Jack Mallers, CEO of Strike. 

In a recent podcast interview with Tim Pool, Mallers discussed the potential for Trump to utilise provisions within a proposed "Dollar Stabilization Act," which would grant him authority to protect the US dollar.

“There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers stated, noting that while the purchase would not involve one million coins, it would still represent a "significant position."

The Bitcoin Act of 2024, introduced by Senator Cynthia Lummis, proposes that the Treasury and Federal Reserve acquire 200,000 BTC annually over five years, ultimately accumulating one million BTC. 

This plan would effectively remove 5% of Bitcoin’s total supply from circulation for at least 20 years.

These developments have led to optimistic predictions for Bitcoin's price in 2025 and beyond. 

Perianne Boring, founder of The Digital Chamber, suggested that if Trump successfully implements his proposed crypto policies, Bitcoin could see substantial price increases. 

She pointed out that the stock-to-flow model forecasts Bitcoin’s price could exceed $800,000 by the end of 2025, raising its market capitalisation from over $2 trillion to around $15 trillion.

PlanB, the creator of the stock-to-flow model, anticipates an average price of about $500,000 for Bitcoin throughout 2025, with potential peaks reaching up to $1 million.

BlackRock has also weighed in on the matter, recommending that investors allocate 1-2% of their portfolios to Bitcoin. 

The firm’s senior executives noted that including Bitcoin in a multi-asset portfolio could be beneficial for investors with appropriate governance and risk tolerance.

Given that global reserve assets are valued at approximately $900 trillion, a 2% allocation to Bitcoin could theoretically push its price to around $900,000 per unit.

At the time of reporting, the Bitcoin price was $104,526.