Matt Hougan, the investment chief at Bitwise, stated that Trump’s executive order for creating a strategic reserve for Bitcoin in the U.S. has removed the last existing risk for this asset, which now comprises 1.3% of the global money supply. Hougan believes it is the best time to buy Bitcoin now. He explained how Bitcoin has overcome initial threats like uncertain technology and legal concerns. Trump ordered around 103,500 Bitcoins to be allocated from seized federal assets to the strategic reserve. Hougan believes this move indicates that America has accepted Bitcoin as the best backup plan in case of a dollar threat. He added that Bitwise customers are increasing their Bitcoin share in their investment portfolios from 1% to 3% and predicts this figure will increase to 5% or more.
