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Bitcoin

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Creating a strategic cryptocurrency reserve in the United States could boost Bitcoin’s (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) market capitalization by roughly 25%, or approximately $460 billion, according to an analysis by Sygnum Bank shared with Cointelegraph.&nbsp;
US President Donald Trump’s plans for a national crypto stockpile, along with similar proposals across dozens of US states, could trigger a multibillion-dollar buying spree with a 20x multiplier effect on Bitcoin’s price, according to Sygnum, a crypto asset manager.
“Because the liquid supply of bitcoin is very small […] larger inflows cause upward price shocks,” Katalin Tischhauser, Sygnum’s research head, told Cointelegraph.&nbsp;
Tischhauser added that federal or state government Bitcoin buying would be “likely to trigger another wave of allocations from institutional investors as well,” not to mention other countries’ governments.&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/2025-demand-shock-bitcoin-price-spike-sygnum" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/2025-demand-shock-bitcoin-price-spike-sygnum">Institutional capital flows</a> are already exerting a “multiplier effect” on BTC’s spot price, with every $1 billion worth of net inflows into spot exchange-traded funds (ETFs) driving an approximately 3-6% price move, Sygnum <a data-ct-non-breakable="null" href="https://www.sygnum.com/blog/reports/crypto-market-outlook-2025-report/" rel="noopener noreferrer nofollow" target="null" text="null" title="https://www.sygnum.com/blog/reports/crypto-market-outlook-2025-report/">said</a> in its Crypto Market Outlook 2025 report.&nbsp;
<figure><img alt="US crypto reserve could boost Bitcoin market cap by $460B — Research" src="https://s3.cointelegraph.com/uploads/2024-12/0193b732-2731-7e3d-82b9-293cf8f9b991" title="">
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 Institutional inflows tend to drive price for Bitcoin. Source: <a data-ct-non-breakable="null" href="https://www.sygnum.com/blog/reports/crypto-market-outlook-2025-report/" rel="noopener noreferrer nofollow" target="null" text="null" title="https://www.sygnum.com/blog/reports/crypto-market-outlook-2025-report/">Sygnum Bank</a>
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<h1 id="em-strong-related-strong-em-a-data-ct-non-breakable-null-href-https-cointelegraph-com-news-reaction-trump-crypto-reserve-short-optimism-long-caution-rel-noopener-noreferrer-nofollow-target-_self-text-null-title-https-cointelegraph-com-news-reaction-trump-crypto-reserve-short-optimism-long-caution-em-strong-reaction-to-trump-s-crypto-reserve-short-term-optimism-long-term-caution-strong-em-a">Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/reaction-trump-crypto-reserve-short-optimism-long-caution" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/news/reaction-trump-crypto-reserve-short-optimism-long-caution">Reaction to Trump’s crypto reserve: ‘Short-term optimism, long-term caution’</a></h1>
<h2 id="br-planned-crypto-reserve"> Planned crypto reserve</h2>
On March 2, Trump confirmed his commitment to creating a US crypto stockpile holding Bitcoin, as well as altcoins such as Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow" target="_blank" text="null" title="https://cointelegraph.com/ethereum-price">ETH</a>) and Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/solana-price-index">SOL</a>), among others.
Crypto markets surged following Trump’s announcements, but <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-volatility-soars-crypto-reserve-tariff-jitters" rel="noopener noreferrer nofollow" target="null" text="null" title="null">surrendered those gains later in the week</a> as macroeconomic unease and a looming trade war took center stage.&nbsp;
Trump has endorsed the idea of a national crypto pool since July 2024, when US Senator Cynthia Lummis pitched the BITCOIN Act, proposing a US reserve specifically for Bitcoin. More than half of US states have fielded proposals to create similar reserves at a state-level.&nbsp;
<figure><img alt="US crypto reserve could boost Bitcoin market cap by $460B — Research" src="https://s3.cointelegraph.com/uploads/2025-02/0194fb96-f962-7c9d-99d2-c18f91d42ae9" title="">
 <figcaption style="text-align: center;">
 State Bitcoin reserve bills. Source: <a data-ct-non-breakable="null" href="https://x.com/matthew_sigel/status/1889666062892888338" rel="noopener noreferrer nofollow" target="null" text="null" title="https://x.com/matthew_sigel/status/1889666062892888338">VanEck</a>
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</figure>
However, progress has been uneven. Five states already rejected crypto reserve plans, Tischhauser said. Meanwhile, creating a federal crypto stockpile would presumably require Congressional approval, a lengthy and uncertain process.&nbsp;
“[T]he market currently rates the probability [of a national Bitcoin stockpile] relatively low” because of challenges including confusing messaging and legal hurdles, Katalin Tischhauser, Sygnum’s research head, told Cointelegraph.&nbsp;
“[A]ny positive surprise would be bullish for the bitcoin price,” Tischhauser said.&nbsp;
The White House intends to reveal more details about the plans during a March 7 crypto summit, according to US Commerce Secretary Howard Lutnick.&nbsp;
He suggested that Bitcoin will have a special status in the US crypto reserve, which will include ETH, Solana, XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/xrp-price-index">XRP</a>) and Cardano (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ada-price-index" rel="noopener noreferrer nofollow" target="_self" text="null" title="https://cointelegraph.com/ada-price-index">ADA</a>).&nbsp;
“That level of support coming from the administration is bullish for sure but calling it a strategic reserve has created a lot of confusion,” Tischhauser said.&nbsp;
“With the inclusion of the other tokens, I think we are talking about a proposed direct investment by the US government in the industry.”
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/" rel="noopener noreferrer nofollow" target="null" text="null" title="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/">Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’</a>

US crypto reserve could boost Bitcoin market cap by $460B — Research

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