US Bitcoin Reserve Priced In? Analyst Shares Eye-Opening Facts
The market finds itself at a critical crossroads as U.S. President Donald Trump has yet to issue an executive order related to cryptocurrencies or the Strategic Bitcoin Reserve (SBR). Famous cryptocurrency analyst MacroScope (@MacroScope17) once rekindle The debate, carried out by X, questions whether such reserves are already “priced” by current market valuations.
Is Trump’s Bitcoin Reserve Priced?
The concept of an asset being “priced” is when all known information about an underlying event is already reflected in its current price. MacroScope compares current speculation surrounding the SBR to the period before the introduction of Bitcoin Exchange Traded Funds (ETFs).
“In some ways, the discussion about U.S. strategic Bitcoin reserves mirrors the ETF debate we’ve seen before,” MacroScope shared He emphasized that just as ETFs broaden access and increase participation by institutional investors, government-backed reserves can exponentially expand the pool of capital entering the market.
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MacroScope’s analysis stems from his observations before the advent of Bitcoin ETFs. During that time, he asserted that ETFs would make Bitcoin more accessible to a wider range of investors, sparking a new wave of investment. “A few days before the ETF started trading, I posted the following at BTC 44k,” he recalled.
The launch of ETFs has indeed boosted access to Bitcoin, attracting a lot of institutional and retail interest. MacroScope believes that similar, albeit more impactful, scenarios may follow Styrene-butadiene rubber. Unlike ETFs, which primarily enhance liquidity and accessibility, SBR will signal strong government support for Bitcoin.
The analyst said that Bitcoin reserves will expand “the pool of participants, certainly in terms of available capital.” This will have significant global implications. (This) will be due to the development of an arms race mentality. (…) ETFs impact the price of Bitcoin through easier access. The U.S. strategic stockpile will affect prices through global psychology and urgency,” he added.
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MacroScope cites an article from the previous year to support his argument: “It’s impossible for something to be ‘priced’ if significant amounts of capital haven’t actually come in yet. Yes, there are currently qualified speculators and their available Funding can be purchased in advance of the event, but if the participant pool is about to expand significantly, then this is the extent of any ‘pricing’.”
Space Race Energy founder and CEO Nick Moran responded enthusiastically to MacroScope’s claims. “Macroscope, you’re right,” Moran affirmed. She detailed the possibility of a “massive SBR” under a potential “Trump 2.0” administration, suggesting the move would set a precedent for other countries to follow.
Political support, while still in its infancy, appears promising. Senator Cynthia Lummis, a prominent Bitcoin supporter on Capitol Hill and author of the Bitcoin Act, recently said in a podcast: “If the United States buys Bitcoin and it makes China feel Afraid, isn’t that fun?” Russia So they start buying Bitcoin and we have an arms race over Bitcoin instead of weapons. “
David Bailey, CEO of BTC Inc. and a key adviser to Trump’s crypto-asset campaign, also added to the optimism, shared President Trump’s expectations for X after he pardoned Ross Ulbricht. “I still expect a dedicated Bitcoin + crypto EO to emerge in the coming days,” Bailey said, hinting that an upcoming executive order could formally establish the SBR. He further predicted: “I also fully expect the president to deliver on his SBR commitments within his first 100 days in office.”
At press time, BTC was trading at $102,295.
Featured image created using DALL.E, chart from TradingView.com
