Trump Won’t Announce Strategic Bitcoin Reserve Via Executive Order, Says Analyst: ‘He Would Likely Buy BTC In The Background’

Cryptocurrency analyst James Van Straten expressed skepticism on Thursday over the immediate announcement of a Bitcoin (CRYPTO: BTC) strategic reserve on Day 1 of Donald Trump’s office.

What Happened: Van Straten ruled out the possibility of Trump issuing an executive order establishing a Bitcoin reserve, contrary to previous reports.

“I don’t see Donald Trump announcing a BTC reserve via an executive order on Day 1 or in the near term,” he wrote on X.

Van Straten added that Trump, who is pro-Bitcoin, would likely buy in the background instead of making a public announcement. “No advantage announcing to the world about a BTC reserve as the price will just run away from him. He will just buy in the background.”

Full story available on Benzinga.com