#BitcoinReserveDeadline

The Strategic Bitcoin Reserve deadline was May 5, 2025, requiring the US Treasury Secretary to submit a comprehensive report on establishing and managing the reserve. Here's the latest update ¹ ²:

- *Report Submission*: The US Treasury Department missed its deadline to release the evaluation, and as of now, there's no public statement or document available on the Treasury's website.

- *Expected Outcome*: The report was supposed to outline strategies for responsible stewardship of the reserve, including acquiring additional Bitcoin in a budget-neutral manner.

- *Potential Impact*: The outcome could significantly influence the US position in the global digital asset landscape and potentially set a precedent for other governments to follow.

The US government currently holds approximately 198,012 BTC, worth over $18 billion, mostly seized from high-profile cases like Silk Road and Bitfinex hacks. The decision on the Strategic Bitcoin Reserve could mark a historic shift in US fiscal and digital asset policy ¹.

*Possible Implications:*

- *Increased Adoption*: Clear guidelines on Bitcoin reserves could boost adoption and confidence in the digital asset market.

- *Market Impact*: The anticipation of the report had already led to a surge in Bitcoin's price, with some experts predicting it could reach $120,000 or more.

- *Global Response*: Other countries might reassess their stance on cryptocurrencies, potentially leading to a global competition among central banks to acquire and hold Bitcoin ³.