Donald Trump will likely issue an executive order on his first day in office to designate Bitcoin ( BTC ) 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 5% of Bitcoin’s total supply (of 21 million tokens) from circulation.
These speculations have resulted in some lofty new BTC price targets for 2025 and beyond.
Bitcoin price may hit $800,000 by 2025’s end
According to Perianne Boring, founder of The Digital Chamber, Bitcoin’s capped supply could lead to significant price appreciation, especially if Trump successfully implements many of his proposed crypto policies.
“If Donald Trump is successful in putting forth a lot of the proposals that he's proposed to the [crypto] community, the sky is the limit because Bitcoin has a fixed supply,” Boring stated in an interview with Fox Business.
She pointed to the stock-to-flow model , which forecasts Bitcoin’s price to exceed $800,000 by the end of 2025. Such a surge would push Bitcoin’s market capitalization to around $15 trillion, up from its current valuation of over $2 trillion.
PlanB, the creator of the stock-to-flow model, meanwhile predicts Bitcoin to average around the $500,000 valuation across 2025. However, he believes that the price may go as high as $1 million.
