A Strategic Bitcoin Reserve Is No Quick Task
Crypto investor and trader Willy Woo recently shared his insights on Twitter regarding the potential creation of a U.S. strategic Bitcoin reserve. Woo emphasized that this process is far from straightforward, and its approval and implementation could take up to two years. He also explained why the new U.S. president did not sign any executive orders on this issue on his first day in office.
Bitcoin Purchase Process: 6 to 24 Months
According to Woo, the establishment of a U.S. Bitcoin reserve would require approval from Congress and the House of Representatives. He noted that issuing an executive order on inauguration day would have been “too rigid a way to approach it.”
Woo estimated that it would take 6 to 24 months for the actual accumulation of Bitcoin to begin. However, he believes that markets would react beforehand, triggering “a speculative front-running process.” The original plan proposed that the U.S. would purchase 200,000 BTC annually for the next five years.
Robert Kiyosaki Predicts Bitcoin at $250,000
Financial expert and author of Rich Dad Poor Dad, Robert Kiyosaki, predicted that Bitcoin’s price could reach $250,000 per coin this year.
This projection is slightly lower than his earlier estimates. In December 2024, Kiyosaki suggested that Bitcoin could rise as high as $350,000 by 2025, with a minimum price target of $175,000 per coin.
Bitcoin Hits New All-Time High
On Monday, January 20, Bitcoin experienced a sharp 10% surge in price. It climbed from approximately $99,700, surpassing the $100,000 mark, and reached a new all-time high of $109,114.
This significant price jump occurred just before the inauguration of the new U.S. president. Currently, Bitcoin has shed some of its recent gains and is trading at $102,650.
Summary
While the process of establishing a U.S. strategic Bitcoin reserve may take years, market anticipation could trigger earlier reactions. Meanwhile, strong price movements and optimistic forecasts indicate that Bitcoin continues to maintain its position as the leading cryptocurrency with significant growth potential.
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