{"id":2270,"date":"2024-11-07T13:01:57","date_gmt":"2024-11-07T13:01:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2270"},"modified":"2024-11-07T13:01:57","modified_gmt":"2024-11-07T13:01:57","slug":"strategic-bitcoin-reserve-possible-within-trumps-first-100-days-says-insider","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2270","title":{"rendered":"Strategic Bitcoin Reserve Possible Within Trump\u2019s First 100 Days, Says Insider"},"content":{"rendered":"
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The United States could establish a strategic Bitcoin reserve within the first 100 days of President-elect Donald Trump\u2019s administration, according to a key insider. David Bailey, CEO of BTC Inc. and instrumental in shifting Trump\u2019s stance on Bitcoin, emphasized the urgency of this initiative amid concerns that other nations might outpace the US in BTC accumulation.<\/p>\n

When Will The Strategic Bitcoin Reserve Be A Reality?<\/h2>\n

Bailey expressed his concerns on X today, warning that \u201cAmerica is at major risk of being front run on its Bitcoin agenda.\u201d He added, \u201cWe must establish the Strategic Bitcoin Reserve as quickly as possible. President Trump has the house and senate. He has a mandate. The environment is there for us to get this done in first 100 days.\u201d<\/p>\n

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America is at major risk of being front run on its bitcoin agenda. We must establish the Strategic Bitcoin Reserve as quickly as possible.<\/p>\n

President Trump has the house and senate. He has a mandate. The environment is there for us to get this done in first 100 days.<\/p>\n

\u2014 David Bailey\"\ud83c\uddf5\ud83c\uddf7\" $0.85mm\/btc is the floor (@DavidFBailey) November 7, 2024<\/a><\/p>\n<\/blockquote>\n

\nHis remarks come as speculation mounts within the community about how Trump will deliver on his previous promises<\/a>. Following Trump\u2019s election victory yesterday, his son Eric Trump reinforced this anticipation by responding to MicroStrategy Executive Chairman Michael Saylor<\/a>\u2018s declaration of \u201cWe have a Bitcoin President\u201d with a call to action: \u201cAmerica must lead the way!\u201d<\/p>\n

\n

America must lead the way! https:\/\/t.co\/ZThsy0gSNh<\/a><\/p>\n

\u2014 Eric Trump (@EricTrump) November 6, 2024<\/a><\/p>\n<\/blockquote>\n

Notably, US Senator Cynthia Lummis of Wyoming has also renewed her advocacy for a national BTC reserve on November 6. She took to X yesterday to proclaim, \u201cWE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE.\u201d<\/p>\n

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WE ARE GOING TO BUILD A STRATEGIC BITCOIN RESERVE \"\ud83c\uddfa\ud83c\uddf8\" \"\ud83c\uddfa\ud83c\uddf8\" \"\ud83c\uddfa\ud83c\uddf8\"<\/p>\n

\u2014 Senator Cynthia Lummis (@SenLummis) November 6, 2024<\/a><\/p>\n<\/blockquote>\n

In July, Lummis introduced<\/a> the Bitcoin Act, which proposes that the US government purchase up to 200,000 BTC per year over a five-year period, totaling 1,000,000 BTC. This legislative push aligns with Trump\u2019s view. At the 2024 Bitcoin Conference, he advocated converting all BTC confiscated by law enforcement into a national \u201cstockpile.\u201d<\/p>\n

\u201cMany nation states are about to start making moves into Bitcoin,\u201d Bailey noted yesterday. Prominent figures in the community have weighed in on the potential establishment of a US strategic BTC Reserve, emphasizing its global significance.<\/p>\n

Dylan LeClair, a respected analyst, suggested<\/a> that time is of the essence: \u201cYou have approximately three months until the US Government puts into law active accumulation of BTC as a strategic reserve asset. Other sovereigns will be discreetly front running. The clock has already started.\u201d<\/p>\n

Joe Consorti, Head of Growth at Theya Inc., highlighted the scale of the proposed accumulation: \u201cThe US will buy 550 BTC\/day for 5 years, and hold all of it for a minimum of 20 years.\u201d He described it as \u201can infinite balance sheet pouring into absolute and immutable scarcity.\u201d<\/p>\n

Travis Kling, CEO and founder of Ikigai Asset Management, reflected<\/a> on the changing tides and the possibility: \u201cWhen this was announced at the Nashville conference, I thought it was pretty unlikely. Just felt like a bridge too far. Almost like it was too bullish to believe. With a red wave, the likelihood of this has drastically increased. If it does, legit WAGMI.\u201d<\/p>\n

At press time, BTC traded at $74,640.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

The United States could establish a strategic Bitcoin reserve within the first 100 days of President-elect Donald Trump\u2019s administration, according to a key insider. David Bailey, CEO of BTC Inc. and instrumental in shifting Trump\u2019s stance on Bitcoin, emphasized the urgency of this initiative amid concerns that other nations might outpace the US in BTC […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2270","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2270","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2270"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2270\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}