#BitcoinReserveDeadline The Strategic Bitcoin Reserve deadline was May 5, and the US Treasury Secretary Scott Bessent was expected to submit a comprehensive report outlining how to build and manage a national Bitcoin Reserve using seized digital assets. This move is part of President Trump's executive order issued on March 6, 2025, aiming to create a reserve funded by Bitcoin assets seized through legal proceedings.

*Key Aspects of the Bitcoin Reserve:*

- *Purpose*: The reserve will be capitalized with Bitcoin already held by the Department of the Treasury, acquired through forfeitures, and maintained as reserve assets without being sold.

- *Management*: The report will likely cover legal, investment, and custodial concerns, including potential partnerships for storing and securing Bitcoin.

- *Global Impact*: The outcome could influence the United States' position in the global digital asset landscape, potentially setting a precedent for other governments to integrate cryptocurrencies into their financial strategies ¹ ².

*Potential Impact on Bitcoin Price:*

- *Price Rally*: Experts anticipate a significant price increase, with potential targets ranging from $100,000 to $130,000, driven by growing interest from traditional institutions and potential policy shifts.

- *Market Sentiment*: The report's release could trigger a change in how governments treat Bitcoin, leading to increased adoption and competition among central banks to add Bitcoin to their reserves.

- *Current Price*: Bitcoin is currently priced around $93,840.45, with a monthly rise of over 12% ² ³.