Is The US Shifting From Bitcoin Strategic Reserve Plan? Here’s All

The US government’s stance on Bitcoin strategic reserve is under scrutiny following recent statements from Crypto Czar David Sacks. His remarks at a press conference and on social media have fueled speculation that the administration might be reconsidering its BTC Reserve plan. Meanwhile, debates among crypto communities are intensifying, with some arguing that the focus may now be on broader digital assets rather than just Bitcoin.

David Sacks Spark Uncertainty Over US Bitcoin Strategic Reserve

During a recent press conference, David Sacks addressed the administration’s plans for digital assets, highlighting President Trump’s directive to explore the feasibility of a Bitcoin strategic reserve. At the same time, this acknowledgment initially excited investors, but Sacks’ cautious language raised concerns.

Notably, Sacks said that the administration is evaluating the idea of a Strategic Bitcoin Reserve, emphasizing that the feasibility study was among their first priorities. This phrasing led many market watchers to believe that the government is not fully committed to Bitcoin strategic reserve but is merely assessing its viability.

Meanwhile, financial market expert Jim Bianco was quick to point out the shift in tone, stating that Washington often uses terms like “evaluate” when they do not intend to take action. He noted that Trump had previously suggested a Bitcoin reserve, not just an evaluation, leading to speculation that the plan might be stalling.

Pro-XRP Lawyer Weighs In Amid Bitcoin Vs Digital Asset Debate

Adding to the uncertainty, David Sacks’ recent post on X detailed his discussions with lawmakers about supporting digital assets. Notably, Bitcoin was mentioned only once, while “digital assets” was referenced multiple times. This has sparked debates over whether the administration is shifting from a Bitcoin-exclusive focus to a broader digital asset reserve.

Renowned pro-XRP lawyer Fred Rispoli weighed in, suggesting that the administration’s repeated mention of “digital assets” could indicate that Bitcoin will not be the sole focus. He speculated that multiple cryptocurrencies might be included in any potential reserve, though specific mentions of XRP or other tokens were absent.

Bitcoin Dips Amid Ongoing Uncertainty

BTC price today recorded a sharp decline following David Sacks’s comment, with it currently trading at $97,872. The crypto’s one-day trading volume also plunged 20% to $66 billion. Notably, BTC has touched a low of $96,208 and a high of $100,807 in the last 24 hours.

Notably, many traders had anticipated a more definitive stance on Bitcoin strategic reserve, and the ambiguity in Sacks’ statement contributed to uncertainty. The debate has also fueled tensions between Bitcoin maximalists and the XRP community previously, with both sides arguing over which digital assets should be included in any future US reserve plan.

While some believe Bitcoin remains the frontrunner, others argue that a diversified digital asset reserve could be more beneficial. On the other hand, President Donald Trump’s past remarks on crypto have played a crucial role in shaping expectations.

He has suggested that the US might explore a “US Crypto Reserve,” but without explicitly endorsing Bitcoin. This ambiguity leaves room for multiple interpretations, with investors now keeping a close track of the US Bitcoin Reserve possibilities.

✓ Share:

Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.