Experts Skeptical of U.S. Bitcoin Strategic Reserve Amid Speculation of Potential Trump Announcement

The concept of the U.S. government maintaining a Bitcoin strategic reserve could boost its price, but it is unlikely to materialize soon, says Ari Paul, CIO at BlockTower Capital. “I’d lay 10:1 against the US adding Bitcoin as a strategic reserve in the next 4 years,” Paul noted in a July 18 X post. He added, “Plausible to me that Trump might say it, which would be very bullish for the BTC medium time frame,” amidst traders’ concerns over Bitcoin struggling to reclaim the $65,000 price level as support. Paul elaborated that while a future president might declare they won’t

Source: CryptoIntelligence