As the article was being prepared, the price of Bitcoin 
$104,585 surged to $105,640, primarily due to Donald Trump’s impending presidency. With President Biden approaching his last weekend in office, Trump is set to take the reins with his bold ideas surrounding cryptocurrencies. This raises the question: what is the status of Bitcoin reserves?
Strategic Bitcoin Reserves
The price of BTC is on the rise, coinciding with a new report themed around Bitcoin reserves released by Coinbase CEO Brian Armstrong. Armstrong, who acts as an unofficial spokesperson for the U.S. crypto sector, openly supports the idea of reserves. Notably, he discussed this concept privately with Trump both before and after his election.
The Fairshake election PAC played a significant role in winning many seats during the elections. If money was spent to elect those candidates, it’s likely they will support the ideas of their financial backers. Lobbying activities are legal and registered in the U.S., and considering the funds invested by the crypto sector, we can be confident in having many supporters. After all, just as citizens advocating for individual gun rights can succeed, so too should those championing cryptocurrency freedom.
Armstrong’s discussion of the Bitcoin reserve idea was particularly striking just before his trip to the World Economic Forum.
“Economic growth derives from free-market capitalism, deregulation, small government, and technological innovation. If the rest of the G20 wishes to participate in economic prosperity, they should embrace the growing trend toward economic freedom and free markets.”
