President-elect Donald Trump has announced he plans to have the U.S. Government buy and store billions of dollars of Bitcoin as part of the U.S. strategic reserve, much in the way to U.S. and other countries store massive amounts of gold.

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The U.S. has $670 Billion in gold. If the U.S. also stored Bitcoin, it could put huge demand on a cryptocurrency with a limited supply. This demand shock would drive the price of Bitcoin up and serve to legitimize its utility as a safe asset class, encouraging other investors to pile potentially trillions into Bitcoin.

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There are now many Bitcoin ETFs, making it easier than ever for investors to park their money in the digital asset. These include see screenshot below and add names.

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Trump envisions the U.S. as a Bitcoin superpower, planning to support the mining of Bitcoins in the U.S.  Vice President-elect J.D. Vance, who owns up to $500,000 in Bitcoin, aligns closely with this crypto-focused agenda. As a former Venture Capitalist, Vance also supported many crypto technology firms.

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Some analysts are predicting Bitcoin will hit 200,000 per coin in 2025 if these plans come to fruition.

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