{"id":84396,"date":"2024-07-20T00:21:50","date_gmt":"2024-07-20T04:21:50","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=84396"},"modified":"2024-07-20T00:21:54","modified_gmt":"2024-07-20T04:21:54","slug":"blocktower-capital-sets-101-odds-for-us-btc-strategic-reserve","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/blocktower-capital-sets-101-odds-for-us-btc-strategic-reserve\/","title":{"rendered":"BlockTower Capital Sets 10:1 Odds For US BTC Strategic Reserve"},"content":{"rendered":"\n

CIO Ari Paul of BlockTower Capital is prepared to “lay 10:1” against the probability of the US establishing a BTC strategic reserve<\/a> in 2028.<\/p>\n\n\n\n

\"BlockTower
BlockTower Capital Sets 10:1 Odds For US BTC Strategic Reserve<\/em><\/figcaption><\/figure>\n\n\n\n

Ari Paul, chief information officer at BlockTower Capital\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, believes that the notion of the United States government maintaining a Bitcoin strategic reserve is “bullish” for its price; however, it is unlikely to occur in the immediate future.<\/p>\n\n\n\n

In a July 18 X post, Paul stated, “I would wager 10:1 against the United States incorporating Bitcoin as a strategic reserve within the next four years.”<\/p>\n\n\n\n

“Having said that, it is conceivable to me that Trump may say<\/em> it, which would be extremely bullish for the BTC medium-term frame,” he continued, as traders noted Bitcoin's difficulty in reclaiming the $65,000 price level as support in recent times.<\/p>\n\n\n\n

Paul also clarified that the next president may declare that they “don't intend to sell” any of the government's current Bitcoin holdings, but this does not necessarily imply that they are “establishing a BTC Strategic Reserve.”<\/p>\n\n\n\n

“What constitutes a declaration?” Is this a spontaneous statement made by Trump? An executive order? He also stated that the United States government is currently confiscating Bitcoin continuously.<\/p>\n\n\n\n

A BTC strategic reserve is a collection of resources that governments maintain in anticipation of emergencies or unforeseen circumstances. The ‘Strategic Petroleum Reserve,' the United States government's largest supply of emergency crude oil, is kept to mitigate the consequences of prospective oil supply disruptions.<\/p>\n\n\n\n

Speculation regarding announcement by Trump on social media<\/strong><\/h3>\n\n\n\n

During the Bitcoin 2024 conference in Nashville this month, Paul's remarks were in response to social media conjecture that former US president Donald Trump may disclose his intention to designate Bitcoin as a strategic reserve if re-elected in this year's election.<\/p>\n\n\n\n

“I am receiving an increasing number of confirmations that these rumors may be accurate.” BnkToTheFuture founder Simon Dixon wrote in a July 18 X post that Trump is expected to announce a strategic reserve of Bitcoin in the United States in Nashville.<\/p>\n\n\n\n

\n

#Bitcoin<\/use><\/svg><\/span><\/a> price if Trump announces a BTC strategic reserve plan for USA \ud83e\udd2f pic.twitter.com\/EuSXcXSZgn<\/use><\/svg><\/span><\/a><\/p>— Vivek Sen (@Vivek4real_) July 18, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

On the same day, Dennis Porter, CEO and co-founder of Satoshi Act Fund<\/a>, stated in a post that “people don't believe the USA could implement a Bitcoin Strategic Reserve, but at this point, it is inevitable.”<\/p>\n\n\n\n

“It is imperative that each maintain a BTC strategic reserve.” You. Your kinfolk. A company that you operate. Your city. Your province. Your nation. Michael Goldstein, also known as “Bilstein,” the president of the Satoshi Nakamoto Institute, added, “Everyone.”<\/p>\n\n\n\n

It follows the recent speculation by entrepreneur and investor Mark Cuban that inflationary pressures and geopolitical instability could propel Bitcoin to become a global reserve asset.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

CIO Ari Paul of BlockTower Capital is prepared to “lay 10:1” against the probability of the US establishing a BTC strategic reserve in 2028. Ari Paul, chief information officer at BlockTower Capital , believes that the notion of the United States government maintaining a Bitcoin strategic reserve is “bullish” for its price; however, it is […]<\/p>\n","protected":false},"author":59,"featured_media":82355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19565,20178,12496],"class_list":["post-84396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blocktower-capital","tag-btc-reserve","tag-donald-trump-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/btccc.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=84396"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/84396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/82355"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=84396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=84396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=84396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}