In a move that sends shockwaves through the financial world, Donald Trump has publicly endorsed the Bitcoin Act, proposing the US government purchase one million Bitcoin. This unprecedented initiative marks a significant shift in America’s economic strategy and potentially impacts global power dynamics.
The Trump administration is prioritizing digital assets with plans to create a strategic Bitcoin reserve funded by existing reserves from the Federal Reserve and Treasury. This aims to position bitcoin as a central pillar of American financial sovereignty.
Trump’s backing coincides with his broader focus on crypto regulation, aiming to stabilize the volatile cryptocurrency market and establish clear rules for its use. A key part of this strategy involves the GENIUS stablecoins bill, which passed a crucial stage in the Senate and aims to regulate dollar-pegged stablecoins like USDT or USDC to solidify the dollar’s dominance in the emerging digital economy. This initiative reflects Trump’s ambition to shape the financial landscape for a future where digital assets play a central role.
The move signals a strategic break from traditional reserves and represents an assertive response to the growing trend of de-dollarization by nations like Brazil, which is seeking to reduce its reliance on the US dollar. A publicly accessible Bitcoin reserve could become a neutral alternative for global monetary stability as countries like El Salvador are already exploring this approach. If implemented, this initiative could significantly alter the global monetary order and shift power dynamics.