#BitcoinReserveDeadline

Today, May 5, marks a significant deadline for the U.S. Treasury Secretary Scott Bessent to submit a comprehensive assessment on establishing and managing a Strategic Bitcoin Reserve. This initiative, part of President Trump's executive order issued on March 6, aims to create a reserve funded by seized Bitcoin assets. The report's outcome could influence the United States' position in the global digital asset landscape.

*Key Aspects of the Strategic Bitcoin Reserve:*

- *Capitalization*: The reserve will be funded by Bitcoin assets seized through legal proceedings.

- *Asset Management*: The Treasury Secretary must develop strategies for responsible stewardship, including acquiring additional Bitcoin in a budget-neutral manner.

- *Global Implications*: The report's findings may set a precedent for other countries to integrate cryptocurrencies into their financial strategies.

*Potential Impact on Bitcoin Price:*

- *Price Surge*: Experts predict Bitcoin's price could surge past $100,000 and reach a new all-time high of $120,000 or more following the establishment of a BTC reserve.

- *Market Sentiment*: The report's outcome may spark confidence among investors, potentially leading to increased institutional adoption ¹ ².