The idea of establishing a national Bitcoin 
$78,680 reserve fund in the United States, proposed by Donald Trump following his presidential election victory, has gained attention. Experts and market participants are discussing the potential impacts of such an initiative. However, there are significant divisions regarding its feasibility, with political, regulatory, and economic barriers posing challenges to its realization.
Different Opinions from Experts
Michael Novogratz, CEO of Galaxy Digital, expressed skepticism about the likelihood of this initiative succeeding. He mentioned, “I think the probability of this is low,” pointing to the inadequacy of the Republican majority in the Senate as a major obstacle. This situation could hinder the progress of the proposed reserve.
Dr. Arash Aloosh, a finance and fintech professor at NEOMA Business School, acknowledged that while the idea is groundbreaking, its implementation would be difficult. Speaking to news outlets, Aloosh stated, “If the U.S. government creates such a reserve, it would officially endorse Bitcoin.” However, he emphasized that this contradicts the government’s cautious stance.
Challenges and Potential Effects
Experts note that a national Bitcoin reserve brings both challenges and opportunities. Comprehensive regulations are necessary for the initiative to materialize, along with official recognition of Bitcoin as a national asset. However, the $1.8 trillion budget deficit in the U.S. makes the financial implications of such a step a significant concern.
Some argue that Trump could create the reserve without congressional approval. However, these claims raise uncertainties regarding the scope of Trump’s executive powers. Political supporters believe that such a reserve would further legitimize Bitcoin as a store of value and could strengthen the U.S. financial system.
Community members and experts agree that this initiative could significantly impact the crypto market. Nevertheless, there is a consensus that obstacles such as political resistance and regulatory uncertainties will slow this process. Discussions surrounding a Bitcoin reserve in the U.S. are expected to remain in the spotlight for an extended period.
