CoinShares Says Bitcoin Reserve Could Spark Unprecedented Adoption

CoinShares believes that establishing a U.S. strategic Bitcoin reserve would significantly boost Bitcoin adoption, surpassing the impact of 2024’s ETF launches. The Bitcoin Act, proposed in 2024, aims to direct the Treasury to acquire 1 million BTC over five years, with Trump endorsing the plan. CoinShares highlights that passing the Act would enhance Bitcoin’s credibility as an asset, reducing institutional stigma. The Act has gained momentum following Republicans' Senate control, with similar state bills introduced in New Hampshire and North Dakota.

Source: Cointelegraph