- BlackRock says Donald Trump’s 2024 election win brings “renewed optimism” regarding Bitcoin and a potential strategic Bitcoin reserve in the United States.
- The asset manager notes that regulatory clarity for Bitcoin and digital assets is expected to emerge following Trump’s victory.
- There is speculation that a strategic Bitcoin reserve could be actualized within Trump’s first 100 days in office.
Donald Trump‘s 2024 election victory has sparked renewed optimism at BlackRock regarding Bitcoin and the potential creation of a strategic crypto reserve in the US.
BlackRock Expects Big Things for Bitcoin Under Trump
With Trump back in the White House, BlackRock believes there will be greater regulatory clarity for Bitcoin and digital assets. The asset manager noted that establishing a national Bitcoin reserve was a key campaign promise for Trump.
Bitcoin’s Momentum in 2024
This year has already seen huge growth for Bitcoin, with the approval of the first BTC ETF in January and increased institutional investment. BlackRock believes Bitcoin’s prominence will only increase under Trump.
Path to a Strategic Reserve
Many experts predict a Bitcoin reserve could happen within Trump’s first 100 days. Senator Cynthia Lummis stated on X that she believes a strategic crypto reserve is achievable very soon. The move would signal a major shift in the US government‘s stance on cryptocurrencies.
Regulation and Optimism
After regulatory uncertainty for crypto under the previous administration, BlackRock expects the Trump White House will provide more straightforward rules and standards. With clear regulations and government adoption, they foresee great optimism for Bitcoin’s future.
