Authored by Yashu Gola via CoinTelegraph.com,
Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin BTC$102,801 as a United States reserve asset, according to Jack Mallers, CEO and founder of Strike.
A 200K Bitcoin buy order is coming in January 2025?
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.
“There’s potential to use a day-one executive order to purchase Bitcoin,” Mallers stated, adding:
“It wouldn’t be the size and scale of 1 million coins but it would be a significant position.”
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.
The reserve will be held for at least 20 years, thereby taking …