{"id":52185,"date":"2024-12-16T01:49:00","date_gmt":"2024-12-16T01:49:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/trump-bitcoin-us-reserve-asset-day-one-how-high-will-btc-price-go"},"modified":"2024-12-16T03:46:42","modified_gmt":"2024-12-16T03:46:42","slug":"trump-may-use-bitcoin-as-us-reserve-asset-on-day-one-how-high-will-btc-price-go","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=52185","title":{"rendered":"Trump may use Bitcoin as US reserve asset on 'day one' \u2014\u00a0How high will BTC price go?"},"content":{"rendered":"

Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin (BTC) as a United States reserve asset, according to Jack Mallers, CEO and founder of Strike.<\/p>\n

A 200K Bitcoin buy order is coming in January 2025?<\/h2>\n

In a podcast interview with YouTuber Tim Pool, Mallers explained that the president-elect could rely on provisions within a so-called “Dollar Stabilization Act,” which grants him considerable authority to protect the US dollar.<\/p>\n

[embedded content]<\/p>\n

\u201cThere\u2019s potential to use a day-one executive order to purchase Bitcoin,\u201d Mallers stated, adding:<\/p>\n

\u201cIt wouldn’t be the size and scale of 1 million coins but it would be a significant position.”<\/p><\/blockquote>\n

The Bitcoin Act of 2024, introduced by pro-crypto Senator Cynthia Lummis in July, proposes that the Treasury and Federal Reserve purchase 200,000 BTC annually over five years, accumulating 1 million BTC.<\/p>\n

The reserve will be held for at least 20 years, thereby taking 5% of Bitcoin\u2019s total supply (of 21 million tokens) from circulation.<\/p>\n

These speculations have resulted in some lofty new BTC price targets for 2025 and beyond.<\/p>\n

Bitcoin price may hit $800,000 by 2025\u2019s end<\/h2>\n

According to Perianne Boring, founder of The Digital Chamber, Bitcoin\u2019s capped supply could lead to significant price appreciation, especially if Trump successfully implements many of his proposed crypto policies.<\/p>\n

\u201cIf Donald Trump is successful in putting forth a lot of the proposals that he’s proposed to the [crypto] community, the sky is the limit because Bitcoin has a fixed supply,\u201d Boring stated in an interview with Fox Business.<\/p>\n

She pointed to the stock-to-flow model, which forecasts Bitcoin\u2019s price to exceed $800,000 by the end of 2025. Such a surge would push Bitcoin\u2019s market capitalization to around $15 trillion, up from its current valuation of over $2 trillion.<\/p>\n

PlanB, the creator of the stock-to-flow model, meanwhile predicts Bitcoin to average around the $500,000 valuation across 2025. However, he believes that the price may go as high as $1 million.<\/p>\n

\"\"
Source: <\/em>PlanB<\/em><\/p>\n<\/figcaption><\/figure>\n

BlackRock suggests 1-2% portfolio allocation to Bitcoin<\/h2>\n

The stock-to-flow model’s Bitcoin price prediction hinges on the assumption that demand for BTC will continue to grow.<\/p>\n

The US Treasury theoretically accumulating 200,000 BTC every year reinforces the idea of stronger demand in coming years, since it\u2019ll likely force other counties to consider a strategic Bitcoin reserve of their own.<\/p>\n

Related: <\/strong><\/em>2025 \u2018demand shocks\u2019 will spike Bitcoin\u2019s price \u2014 Sygnum<\/strong><\/em><\/p>\n

BlackRock, which manages over $10 trillion worth of assets, has already recommending investors to allocate 1-2% of their portfolio to Bitcoin.<\/p>\n

“We see a case for investors with suitable governance and risk tolerance to include Bitcoin in a multi-asset portfolio,” the firm\u2019s four senior executives, including Samara Cohen, chief investment officer of ETFs and Paul Henderson, senior portfolio strategist of BlackRock Investment Institute, said in a report published Dec. 12.<\/p>\n

To put this into perspective, the total global reserve assets are valued at approximately $900 trillion. A 2% allocation to Bitcoin from this pool would, in theory, drive the cryptocurrency’s price to around $900,000 per unit.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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