Strike CEO Drops Bombshell: Trump Eyeing U.S. Bitcoin Reserve on Day One via Executive Order

In a jaw-dropping revelation, Jack Mallers, CEO of Strike, hinted that President-elect Donald Trump plans to establish a U.S. strategic bitcoin reserve via an executive order as soon as he takes office.

Fresh from the rumor mill: President-elect Donald Trump might be planning to establish a U.S. strategic bitcoin reserve through an executive order on his first day in office.

At least, that's what Jack Mallers, the CEO of Strike, seemed to be suggesting in a recent interview with Timcast, hosted by commentator Tim Pool.

“Trump is looking at a day one executive order,” Mallers stated confidently.

Tim Pool, visibly surprised, asked, “Sorry. You said a day one executive order for a bitcoin reserve for the United States?”

Mallers replied, “Yeah… There’s potential to use a day one executive order to purchase bitcoin.”

He clarified that while the initial reserve might not reach the scale proposed by Lummis's legislation, it would send a clear message about the U.S.'s intent to embrace digital assets.

This isn't the first time Trump has expressed interest in crypto. During a recent visit to the New York Stock Exchange, he told CNBC, “We’re gonna do something great with crypto.” When asked about creating a bitcoin reserve, similar to the U.S. strategic petroleum reserve, he said, “Yes, I think so.”

If the U.S. does decide to set up a strategic bitcoin reserve, it could have several major effects:

- It would be a massive endorsement of bitcoin from the U.S. government, showing that they believe in the cryptocurrency’s long-term value and stability. This could lead to more institutions and investors adding bitcoin to their portfolios.

- The U.S. government would be able to use bitcoin as a hedge against inflation or other economic downturns. If the value of the U.S. dollar falls, the government could sell some of its bitcoin to make up for the lost purchasing power.

- The U.S. government could use bitcoin to make international payments or transactions faster, cheaper, and more transparent. Currently, wire transfers between banks can take days and cost hundreds of dollars in fees

Overall, the creation of a U.S. strategic bitcoin reserve would be a historic event, showing that the government is embracing new technologies and digital assets. It could also pave the way for other countries to follow suit, leading to a world where bitcoin is an integral part of the global financial system.