Macro Guru Luke Gromen Thinks It Would Be in America's Best Interest if President-elect Donald Trump Delays Signing an Executive Order to Establish a Bitcoin (BTC) Reserve

In a new interview with venture capitalist Preston Pysh, Gromen says it wouldn't make sense for Trump to announce plans to accumulate Bitcoin right after being sworn into office.

A top financial expert has advised President-elect Donald Trump to delay signing an executive order to establish a Bitcoin (BTC) reserve.

In a recent interview with venture capitalist Preston Pysh, macro guru Luke Gromen stated that announcing plans to accumulate Bitcoin immediately after taking office would not be strategically sound.

According to Gromen, investors would likely attempt to front-run the US government, causing Bitcoin to rally significantly before the government could establish a position.

Instead, Gromen suggests that Trump should quietly accumulate BTC while expressing optimism for the leading crypto asset. He also advises Trump to announce the reserve after the US has built its position, as this tactic would drive Bitcoin rallies and quickly bolster the government's coffers.

“From an optics and narrative perspective, it makes more sense to not announce it on day one, continue to talk positively about it, buy it in the background and manage the chart as you talk positively about it.

And then after the fact say, ‘Hey, by the way, I have established the Bitcoin reserve,’ because then the market’s going to run away from you versus doing it on day one.”

Throughout his presidency, Donald Trump has had a rollercoaster relationship with cryptocurrencies. Initially a vocal critic, Trump later shifted his stance, becoming known as a pro-crypto president.

At the Bitcoin2024 Conference, Trump stated that he would prevent the government from selling its seized BTC on the open market, instructing officials to hold the stash as an investment.

He also mentioned that he could use crypto to pay off the country's rapidly growing national debt, though he did not provide further details. These statements have fueled speculation that his administration may establish a Bitcoin reserve.

At the time of writing, Bitcoin is trading at $99,147.