Matt Hougan, the Chief Investment Officer at Bitwise, believes that the establishment of strategic Bitcoin (BTC) reserves by the U.S. can not only reduce the risk of banning this digital currency but also help increase its global acceptance. This viewpoint comes after Donald Trump’s executive order to create strategic Bitcoin reserves and digital asset storage in the U.S. According to Hougan, this initiative not only significantly decreases the risk of banning Bitcoin in the U.S. but also may encourage other countries to create similar reserves. Hougan emphasizes that with this decision, international entities like the International Monetary Fund will face challenges in classifying Bitcoin as a high-risk asset. As per the executive order, these reserves will be funded solely from seized Bitcoins in legal cases without the use of taxpayer money.
