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Top Analyst Shares Hot Take on US Strategic Bitcoin Reserve
The post Top Analyst Shares Hot Take on US Strategic Bitcoin Reserve appeared on BitcoinEthereumNews.com. The countdown to President Donald Trump’s election came with heightened expectations among cryptocurrency enthusiasts. That is, order immediate implementation of a Bitcoin Strategic Reserve. However, even in his inaugural address, the absence of any mention impacted Bitcoin as its price dropped significantly. Many in the crypto space anticipated that the newly inaugurated president would look the way of Bitcoin among his first Executive Orders. The Complexity of Implementing a Strategic Bitcoin Reserve However, in a post on X, Willy Woo, a crypto trader and analyst, shared his perspectives on establishing a Strategic Bitcoin Reserve (SBR). According to Woo, President Trump might have refrained from signing the SBR on his first day in the Oval Office due to the complexities involved. Woo maintained that getting the approval and execution of a Strategic Bitcoin Reserve required time. He suggests between six and twenty-four months for proper planning and execution. Interestingly, the crypto trader does not favor an executive order pathway for establishing a Bitcoin Reserve. The Bitcoin Strategic Reserve needs buy in from Congress and the House, issuing an executive order on inauguration day is the blunt way to execute this. The smart way is to assess the likelihood of success before pushing the go button. That’s my guess at the BSR status. — Willy Woo (@woonomic) January 21, 2025 – Advertisement – He describes this approach as “the blunt way to execute this.” He emphasized that this method, while straightforward, lacks legislative backing. Woo suggests creating an SBR with legislative support from Congress and the House of Representatives. This will provide for better broad-based policy formulation and stability. Additionally, it will prevent another U.S. president from issuing a counter-executive order to scrap it. Woo suggests a strategic assessment of establishing an SBR before proceeding with it to guarantee success. This evaluation…
The post Top Analyst Shares Hot Take on US Strategic Bitcoin Reserve appeared on BitcoinEthereumNews.com.
The countdown to President Donald Trump’s election came with heightened expectations among cryptocurrency enthusiasts. That is, order immediate implementation of a Bitcoin Strategic Reserve. However, even in his inaugural address, the absence of any mention impacted Bitcoin as its price dropped significantly. Many in the crypto space anticipated that the newly inaugurated president would look the way of Bitcoin among his first Executive Orders. The Complexity of Implementing a Strategic Bitcoin Reserve However, in a post on X, Willy Woo, a crypto trader and analyst, shared his perspectives on establishing a Strategic Bitcoin Reserve (SBR). According to Woo, President Trump might have refrained from signing the SBR on his first day in the Oval Office due to the complexities involved. Woo maintained that getting the approval and execution of a Strategic Bitcoin Reserve required time. He suggests between six and twenty-four months for proper planning and execution. Interestingly, the crypto trader does not favor an executive order pathway for establishing a Bitcoin Reserve. The Bitcoin Strategic Reserve needs buy in from Congress and the House, issuing an executive order on inauguration day is the blunt way to execute this. The smart way is to assess the likelihood of success before pushing the go button. That’s my guess at the BSR status. — Willy Woo (@woonomic) January 21, 2025 – Advertisement – He describes this approach as “the blunt way to execute this.” He emphasized that this method, while straightforward, lacks legislative backing. Woo suggests creating an SBR with legislative support from Congress and the House of Representatives. This will provide for better broad-based policy formulation and stability. Additionally, it will prevent another U.S. president from issuing a counter-executive order to scrap it. Woo suggests a strategic assessment of establishing an SBR before proceeding with it to guarantee success. This evaluation…
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