President Donald Trump’s decision to establish a strategic bitcoin reserve (SBR) is deemed a “significant event” rather than a “waste of money,” despite concerns about recession and market downturns, according to analysts at K33 Research.
They noted that the creation of the SBR demonstrates the authorities’ serious intentions regarding cryptocurrencies.
Trump has tasked the development of a bitcoin procurement strategy without additional taxpayer expenses. Experts believe specific measures should be presented by Treasury Secretary Scott Bessent by May 5.
Potential funding sources include the liquidation of excess Treasury Exchange Stabilization Fund assets, the sale of IMF special drawing rights, or the revaluation of gold certificates.
K33 believes the current cryptocurrency market correction, with bitcoin reaching an annual low of $76,555, is unrelated to the SBR. Analysts see the situation as an opportunity for asset accumulation, emphasizing that the US will no longer sell seized bitcoins but will focus on accumulating them instead.
Earlier, on March 11, Cynthia Lummis introduced an updated Bitcoin Act in the US Senate, which would allow the government to hold more than 1 million bitcoins as part of the crypto reserve.