 US Bitcoin reserve has pundits in tailspin as Trump inauguration looms 
2025-01-17
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As US President-elect Donald Trump’s inauguration looms, Bitcoiners prepare for a potential price pump — a reflection of his pro-crypto promises that may include the adoption of a national Bitcoin BTCUSD reserve.
At the center is Senator Cynthia Lummis’ contentious BITCOIN Act of 2024, which would compel the Treasury to acquire 1 million BTC over five years in annual purchases of 200,000 BTC.
This bill has sparked intense debate among crypto pundits. While some see a Bitcoin reserve as a solution to a failing fiat monetary system, others warn of significant risks. It could slide the dollar into hyperinflation, some say. Others believe that if the US doesn’t take the plunge now, it may fall behind.
Ki Young Ju, founder and CEO of onchain analytics firm CryptoQuant, described the debate as a chicken-and-egg dilemma:
Should Bitcoin be adopted early because the dollar is weakening, or could adopting Bitcoin itself be the catalyst for the dollar’s decline?
Pundits say US needs Bitcoin reserve to offset debt
In Suriname, independent presidential candidate Maya Parbhoe is building a campaign centered around anti-corruption. In her eyes, the solution lies in her country taking a page from El Salvador’s playbook: follow the Bitcoin standard.
Parbhoe told Cointelegraph that “endless money printing and [a] Ponzi-like banking system” has created a “loser game that leads to hyperinflation.” She believes the US has been debasing its currency for decades, “robbing its citizens of their hard-earned wealth.”
If Suriname and the US were to adopt Bitcoin, it would “end reckless fiscal policies,” as it would “force governments to live within their means and restore trust in the monetary system,” said Parbhoe.
Samson Mow, CEO of Bitcoin accelerator Jan3, is credited with convincing Parbhoe to run for president. Like Parbhoe, he told Cointelegraph that the US has a chance to free itself from crippling debt through Bitcoin reserves — if lawmakers are bold enough to follow through. 
“If the US adopts Bitcoin on a meaningful scale and accumulates reserves comparable to its gold holdings, it could use the future appreciation of Bitcoin to offset or even eliminate the debt. Ultimately, it comes down to rebasing the dollar to Bitcoin.”