On the 15th (local time), Jack Mallers, CEO and founder of Strike,
Mallers, in a podcast interview with YouTuber Tim Pool, said that President-elect Trump will pass the Dollar Stabilization Act.
He explained that Bitcoin could be designated as a reserve asset using provisions of the Dollar Stabilization Act.
Mallers said, "There is a possibility that Trump will purchase Bitcoin by executive order on his first day in office."
"It won't be at the level of buying 1 million coins, but it will be quite large," he speculated. In July 2024, Cynthia Lummis, a pro-cryptocurrency Senator,
The Bitcoin Act of 2017, proposed by Commissioner Cynthia Lummis
In 2024, the US Treasury and Federal Reserve (Fed) will purchase 200,000 BTC per year for five years, for a total of 10
The proposal is to set aside 20 million BTC in reserve, which would be held for a minimum of 20 years, meaning 5% of the total Bitcoin supply of 21 million would no longer be in circulation.
Such prospects have led to optimistic predictions about Bitcoin's price beyond 2025.
Chamber founder Perianne Boring said that if President Trump's cryptocurrency policies are successful, the price of Bitcoin could rise significantly due to its limited supply.
"If Trump is successful in pushing through some of the policies he has proposed for the crypto community, then...
"There will be no limit to the price of Bitcoin because it has a fixed supply," he said.
2024/12/16 17:04 KST
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