Dennis Porter, founder of the Satoshi Act Fund, has revealed that U.S. President-elect Donald Trump is exploring the possibility of creating a Strategic Bitcoin Reserve (SBR). According to Porter, Trump intends to leverage the Treasury’s Exchange Stabilization Fund (ESF) to execute this plan once he assumes office.
Utilizing the Treasury’s Exchange Stabilization Fund
On December 15, Porter shared on the social media platform X (formerly Twitter) that Trump aims to use the ESF to accumulate Bitcoin. He stated:
“The Treasury, through the Exchange Stabilization Fund, has the authority to stabilize the dollar by buying currencies. Trump will use this fund to buy Bitcoin.”
The ESF, traditionally used to stabilize financial markets during crises, holds assets exceeding $200 billion as of October 2024. It has previously played a critical role in events like the 2008 financial crisis and the COVID-19 pandemic.
A Strategic Financial Move
Porter highlighted that acquiring Bitcoin for the SBR is a pivotal step for the U.S. financial strategy. He stressed the urgency of taking action to prevent other nations from gaining a competitive edge. If Trump does not pursue the executive order, Porter’s organization plans to push for state-level legislation to advance the SBR initiative.
He added:
“If he doesn’t, we will be ready to apply pressure at the state level by creating a wave of ‘Strategic Bitcoin Reserves.’”
Growing Momentum for Strategic Bitcoin Reserves
U.S. Efforts Lead the Way
The idea of a Strategic Bitcoin Reserve has been gaining traction worldwide. Within the U.S., Trump and his allies have supported the initiative since mid-2024. Prominent lawmakers, such as Wyoming Senator Cynthia Lummis, have proposed significant Bitcoin acquisitions for national reserves. Lummis’s Bitcoin Act outlines a plan for the U.S. to accumulate 200,000 BTC annually over five years.
Several states, including Pennsylvania and Texas, are already making progress in establishing Bitcoin reserves. Reports suggest at least ten other states are drafting similar legislation to promote this initiative.
Global Interest in Bitcoin Reserves
Interest in Bitcoin reserves is not confined to the U.S. On the international stage, Brazil recently introduced legislation to allocate 5% of its international reserves to Bitcoin. In Poland, presidential candidate Slawomir Mentzen has pledged to create a Bitcoin reserve if elected. Similarly, Japanese lawmakers are urging their government to explore the concept of a national Bitcoin reserve.
Implications for Bitcoin’s Role in the Financial System
Market experts suggest these developments highlight the growing recognition of Bitcoin’s importance in future financial systems. However, concerns persist regarding the potential centralization of Bitcoin’s supply within corporate or national reserves
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