US Bitcoin Reserve: Eric Trump’s Deleted Tweet Sparks Speculation
As Bitcoin flirts with its previous all-time highs, a meeting between US Senator Cynthia Lummis and Eric Trump has ignited fresh discussions about the creation of an American Strategic Bitcoin Reserve (SBR). The meeting, held at the Capitol, was initially highlighted in a now-deleted tweet from Eric Trump, raising questions about potential high-level strategy shifts regarding Bitcoin adoption.
What’s Behind the Deleted Tweet?
Eric Trump’s swift removal of his retweet referencing discussions on the SBR with Senator Lummis has fueled speculation. Swan, a crypto-focused platform, suggested that the deletion might signal an effort to keep the discussions under wraps until an official announcement is made.
The Bitcoin Act of 2024 and National Bitcoin Strategy
This news follows Senator Lummis’ unveiling of the Bitcoin Act of 2024, also known as the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act. The proposal outlines a plan for the U.S. Treasury to acquire 1 million BTC over five years, reallocating funds from the Federal Reserve System.
While details remain unclear, sources indicate Lummis’ office is actively working to navigate the political and logistical hurdles necessary to implement the legislation.
Trump’s Bitcoin Agenda Strengthens
Adding to the speculation, President Donald Trump met with Lummis over the weekend, and following the pardon of Ross Ulbricht, the SBR rumors gained new momentum. Analysts recall Trump’s previous comments on using seized Bitcoin for national reserves, and now many wonder if the Strategic Bitcoin Reserve is next on his policy agenda.
The odds of an SBR announcement jumped from 28% to 44% on prediction markets after the Ulbricht pardon, highlighting rising expectations in the crypto community.
Industry Leaders React
Anthony Pompliano remarked, “If Ross Ulbricht got the pardon, we are definitely getting the Strategic Bitcoin Reserve. Trump will create history with the stroke of his pen.”
David Bailey, CEO of BTC Inc, stated, “I fully expect the President to deliver on the SBR in his first 100 days.”
Coinbase CEO Brian Armstrong reinforced the idea, saying, “The world is moving to a Bitcoin standard for money. Any government that holds gold should also hold Bitcoin as a reserve.”
A Strategic Reserve Is Just a Matter of Time
The odds are strong that a Strategic Bitcoin Reserve will be announced by the Trump administration—it's just a matter of time. Pro-Bitcoin advocates within the administration are numerous, including:
Eric Trump, White House Senior Advisor
Vice President JD Vance
Howard Lutnick, Secretary of Commerce
Vivek Ramaswamy, Secretary of the Treasury
Robert F. Kennedy Jr., Head of the Environmental and Energy Task Force
Moreover, major figures like Elon Musk already hold Bitcoin on the balance sheets of Tesla and SpaceX, reinforcing the momentum behind Bitcoin’s institutional adoption.
A New Era for Bitcoin?
With momentum building around a potential U.S. Bitcoin Reserve, the political landscape could be shifting towards institutional Bitcoin adoption at a national level. As Trump’s administration weighs its next move, the world watches closely to see if the United States will become the first nation to formalize Bitcoin as a strategic reserve asset.