Ari Paul, chief information officer at BlockTower Capital, believes the idea of the US government holding a Bitcoin strategic reserve is unlikely to happen soon. Paul expressed his views in a July 18 post on X, stating, “I’d lay 10:1 against the US adding Bitcoin as a strategic reserve in the next four years.”
Paul acknowledged that while former President Donald Trump might talk about it, actual implementation is far-fetched. He mentioned that Trump’s statement could boost Bitcoin’s price in the medium term. “Plausible to me that Trump might say it, which would be very bullish for the BTC medium time frame,” he added.
Paul clarified that even if the next president declares they won’t sell the government’s current Bitcoin holdings, it doesn’t mean they’re establishing a strategic reserve. He questioned what counts as an official declaration, noting, “An off-the-cuff statement by Trump? An executive order?”
Governments hold strategic reserves of resources for emergencies. For example, the US maintains the largest emergency crude oil supply, the Strategic Petroleum Reserve, to address potential oil shortages.
Paul’s comments come amid speculation that Trump might announce plans to make Bitcoin a strategic reserve if re-elected. Simon Dixon, founder of BnkToTheFuture, hinted at this possibility in a July 18 post, stating, “Trump to announce a USA Bitcoin strategic reserve in Nashville.”
Dennis Porter, CEO of Satoshi Act Fund, echoed this sentiment, suggesting the implementation of a Bitcoin strategic reserve is inevitable. Michael Goldstein, president of the Satoshi Nakamoto Institute, added, “Everyone should have a Bitcoin strategic reserve. You. Your family. Your business. Your city. Your state. Your country. Everyone.”
These discussions follow entrepreneur Mark Cuban’s speculation that geopolitical instability and inflationary pressures might propel Bitcoin to become a global reserve asset.
Also Read: Trump to Announce Bitcoin as USA Strategic Reserve Asset at Conference?
