Bitwise CIO says Trump's Strategic Bitcoin Reserve removes ‘last existential risk' as BTC becomes ‘best backup plan on the market'
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Bitwise CIO Matt Hougan believes President Trump's executive order establishing a U.S. Strategic Bitcoin Reserve removes the final 'existential risk' for Bitcoin. The reserve will initially hold approximately 103,500 BTC from government-seized assets, with potential budget-neutral strategies for future acquisition. Hougan sees this as a strategic move positioning Bitcoin as a potential backup for the U.S. dollar.

March 26, 2025 | 11:00 am
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Trump's executive order creates first U.S. Strategic Bitcoin Reserve, potentially boosting Bitcoin's credibility and institutional adoption.
Executive order establishes Bitcoin as a strategic asset, removes regulatory uncertainty, and signals potential long-term government support
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100