Analyst: The possibility of Trump establishing a strategic Bitcoin reserve has increased

Ledn co-founder Mauricio di Bartolomeo stated that the possibility of the United States establishing a strategic Bitcoin reserve has increased after a state in the U.S. proposed a bill for it. Last week, shortly after the "Pennsylvania State Bitcoin Strategic Reserve Bill" was proposed, there was an increase in Bitcoin prices. The bill aims to allow the state to invest 10% of certain funds, including general funds, rainy day funds and national investment funds into Bitcoin. According to the state's 2023 Department of Finance annual investment report, these funds manage approximately $51 billion in assets collectively; therefore, a 10% allocation would represent about $5.1 billion worth of Bitcoin investments.

Previously, U.S Senator Cynthia Lummis introduced the "Bitcoin Act," suggesting that America create a strategic bitcoin reserve and requiring up to 200 thousand bitcoins be purchased each year within five years. If these bills become law, initially there could be around $23.3 billion worth of Bitcoins acquired on public markets. Approval of either one of these two bills will have significant impacts on other sovereign investment portfolios and spark discussions among global asset management companies regarding bitcoin allocations over time. In coming months, US strategic reserves may be at core most topics related to bitcoin.