Trump’s bitcoin reserve declaration has captivated and astonished observers, though bitcoin prices shed a few thousand dollars following the executive order signing, currently trading just under $88,000. Perhaps expectations had soared too enthusiastically, yet beyond market fluctuations, the discourse has ignited lively debates—from demands for transparency through audits of government-held bitcoin to speculation on how the U.S. might procure additional BTC moving forward.
In numerous messages sent to Bitcoin.com News, a wide array of crypto industry leaders eagerly offered their insights. “Bitcoin’s inclusion in discussions on a U.S. strategic crypto reserve signals recognition of its staying power, but without concrete legislative action, these conversations risk being more about optics than execution,” Joe Kelly, CEO of Unchained told our newsdesk. “The reality is, bitcoin already functions as a strategic reserve — just not at the government level. Individuals and institutions are securing their own financial sovereignty through Bitcoin, with or without federal endorsement.”
The Unchained executive added:
Unlike other financial assets, bitcoin has no CEO, no central entity pushing its agenda—only a growing network of individuals and organizations advocating for its role. That’s exactly why it’s become the seventh most valuable asset in the world.
Kelly emphasized that the genuine issue isn’t whether the U.S. ought to weave Bitcoin into its monetary playbook, but rather if Washington can manage to stay on pace with those who’ve already embraced it. Agne Linge, Wefi’s head of growth, also chimed in with his perspective. Linge noted that the crypto market is back to its familiar state of fluctuation, influenced heavily by shifting moods on Wall Street and dashed hopes surrounding the anticipated U.S. strategic bitcoin reserve.
“The subpar strategic bitcoin reserve move triggered the uncertainty in the crypto market,” the Wefi executive told Bitcoin.com News. “With the Executive Order directing agencies to consolidate seized bitcoin to form the reserve, crypto investors see the move as a trick, as no new BTC purchase was announced,” Linge added.
Others, including Aaron Jacob, Taxbit’s head of accounting, offered a contrasting view, describing the decision enthusiastically as historic. “The events of the past few days to separately establish a federal strategic Bitcoin reserve for the United States of America and the State of Texas (which has a GDP roughly equivalent to Canada and Italy) are truly historic,” Jacob told our news site. “The United States is finally showing global leadership in the crypto and digital assets industry.
Jacob continued:
This strategically important technology is reshaping the world, and this is only the beginning.
1 Sentence From the Strategic Reserve Fact Sheet Is ‘Mildly Bullish,’ Nansen’s Principal Research Analyst Says
Ira Auerbach, who heads Tandem at Offchain Labs (Arbitrum), also weighed in with his perspective on the issue. “While we welcome the Executive Order as another signal to the market that the current administration is supportive of the crypto ecosystem, I believe we will have to wait until the Secretaries of Treasury and Commerce announce their intention to buy crypto in the open market for the first time to see a large price movement,” Auerbach remarked. “Given that much of the ‘good news’ we’ve seen is already reflected in current market prices, I expect limited movement from the upcoming summit or any White House announcements until that initial bitcoin purchase is announced.”
Auerbach highlighted that it’s crucial to recognize the Executive Order explicitly instructs the Secretaries to craft budget-neutral plans for obtaining bitcoin, preventing any financial burden from landing on taxpayers. The Offchain Labs exec concluded by saying that, until concrete specifics about how and when these strategies will unfold become available, the market will likely hover in a mood of prudent suspense.
“We will not learn much more about the Bitcoin Reserve than what is already in the White House Factsheet at the White House Crypto Summit today.” Nansen’s Principal Research Analyst Aurelie Barthere told Bitcoin.com News. “What is mildly bullish for BTC is this sentence of the fact sheet: ‘The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin.’ Does this mean some potential asset swapping, say from EUR & JPY to BTC?” Barthere asked.
Source:news.bitcoin.com
