Will Bitcoin become a ”US strategic reserve asset”? Attention on safe haven asset

With former President Trump being elected as the 47th President of the United States and the price of Bitcoin (BTC) soaring, attention is also being paid to the pro-cryptocurrency (virtual currency) related policies that he pledged to implement.
Last July, President-elect Trump attended the Bitcoin 2024 conference and announced his plan to hold Bitcoin as a national strategic reserve asset, similar to crude oil.
Strategic reserve assets are assets that can be converted into cash, such as currency and raw materials, that are held by monetary authorities to deal with trade imbalances and exchange rate fluctuations. Currently, the US Federal Reserve System (FRB)
Reserve assets include gold, foreign currency, and special drawing rights (SDRs). Therefore, if Bitcoin becomes a strategic reserve asset, the United States will actively use Bitcoin to maintain the status of the dollar.
It is also expected that the Fed's holding of Bitcoin will strengthen Bitcoin's status as a "safe haven" asset in the future.
A bill has already been introduced. In August last year, Senator Cynthia Lummis of Wyoming proposed that the Federal Reserve Board consider Bitcoin as a reserve asset.
On the 6th (local time), when it seemed certain that Trump would win the election, Congressman Lummis proposed a bill that included a provision to hold about 1 million BTC as a 100% cryptocurrency and hold it for 20 years.
(formerly Twitter), he reiterated that "We will stockpile Bitcoin as a strategic reserve asset." If the status of safe assets is strengthened, it will be a "risk-relief asset" at a time when the macroeconomic environment is uncertain.
On the 6th (local time), Grayscale released a report stating that "if the Republicans take control of the House of Representatives, the Trump administration will be able to take control of the House of Representatives."
"In the long term, there is a possibility that a budget deficit will occur, which will pose a risk to the US dollar, and in order to hedge this risk, we will invest in the US dollar," he said.
"People will turn to Bitcoin or physical gold," he predicted. If demand increases, prices will naturally rise. And it's said that demand is already on the rise in preparation for such a situation.
On the same day, CNBC predicted that the price of Bitcoin would hit $100,000 before the inauguration of President-elect Trump.