Trump signs executive order to establish Strategic Bitcoin Reserve using assets acquired through criminal and civil forfeiture proceedings.
Sygnum Bank's research head estimates the initiative could inject up to US$460 billion into Bitcoin, potentially increasing its price by 20 times due to limited available supply.
Michael Saylor suggests plans for the US to acquire 1 million Bitcoin over four years based on Senator Lummis' crypto reserve bill, emphasizing a slow and steady approach with transparency.
Several US states, including Texas, are discussing the implementation of their own crypto reserves.