The United States' cryptocurrency strategic reserve program has had a significant impact on the Bitcoin market. In March 2025, the Trump administration announced the inclusion of Bitcoin in the cryptocurrency strategic reserve, which directly drove a substantial increase in Bitcoin prices[^0^]. As a core asset of the strategic reserve, Bitcoin's market recognition and legitimacy have greatly improved, attracting more institutional investors' attention[^1^]. However, the program has also sparked numerous controversies, including concerns over technological risks, legal conflicts, and market manipulation[^3^]. Nevertheless, Bitcoin's status as a strategic reserve may further consolidate its importance in the global financial system and encourage other countries' sovereign funds to follow suit[^4^]. 31800101062

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