US Establishes Bitcoin Reserve Sparking Global Crypto Bull Run

On March 6, US President Donald Trump issued an executive order to establish a Strategic Bitcoin Reserve. This directive mandates that seized Bitcoin will be held in a national reserve rather than being sold, effectively functioning as a store of value akin to a “digital Fort Knox.” The responsibility for formulating budget-neutral strategies to expand the country’s Bitcoin reserves without burdening taxpayers has been assigned to Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick.

This announcement has sparked significant discussion and excitement within the crypto community. Industry leaders have reacted positively to the move, viewing it as a step toward US dominance in the digital economy. Michael Saylor, the chairman of Strategy, welcomed the decision, describing the Bitcoin Strategic Reserve as a significant milestone. He emphasized that the US now has the world’s largest Strategic Bitcoin Reserve, highlighting the country’s leadership in the digital economy.

Senator Cynthia Lummis praised the decision, calling it a fulfillment of Trump’s promises and a demonstration of his commitment to Bitcoin. She stated that the US is becoming the bitcoin and digital asset capital of the world, signaling a strong shift in global economic policy. Coinbase CEO Brian Armstrong called the order a landmark decision for both Bitcoin and the broader crypto market. He predicted that G20 nations would take notice and eventually follow the US lead, indicating a potential chain reaction of national acceptance.

Armstrong’s comments suggest that the U.S. action could set off a chain reaction of national acceptance. The establishment of a Bitcoin reserve by the U.S. is seen as a significant move that could influence other major economies to adopt similar policies. This development is part of a broader trend where Bitcoin is gaining recognition as a legitimate asset class, with potential implications for global financial systems.

Bitwise CIO Matt Hougan highlighted several key implications of the decision. He pointed out that it significantly lowers the risk of a future Bitcoin ban in the US and increases the likelihood that other nations will establish their own Bitcoin reserves. Hougan also noted that this move could accelerate Bitcoin adoption globally, as countries may act quickly to build their holdings before further US acquisitions drive up demand. He concluded that while the short-term market reaction is uncertain, the long-term outlook for Bitcoin is extraordinarily bullish.

Meanwhile, crypto analyst Kanazawa outlined potential ways for the U.S. to expand its Bitcoin reserves without additional taxpayer spending. His suggestions included seizing assets through judicial means, reallocating gold reserves, redirect