Following President Trump’s inauguration, Bitcoin’s price is on edge as markets await Trump’s cryptocurrency executive order and the FOMC.
President Trump promotes a new executive order every day. Indeedhas issued executive orders like a factory meeting, but cryptocurrencies remain the only uninvited guest the party.
Bitcoin also took the main stage at Davos 2025, when tempers flared over its role in shaping the future economy. Trump’s unapologetic pro-crypto stance has set off a ripple effect of arguments, so will it still be possible to create a Bitcoin reserve?
New Executive Order: Bitcoin’s role as a reserve asset is criticized
While cryptocurrency faithful have applauded Trump’s bullish outlook on Bitcoin, many world leaders don’t think it’s a good idea.
In Davos, Switzerland, for the World Economic Forum, the head of the South African central bank Lesetja Kganyago rejected everything with the finesse of an expert skeptic. Sharing a panel with some of the biggest names in cryptocurrency, he mocked the idea of Bitcoin in national reserves. “Gold had the gold standard. Bitcoin now? What’s the next step? Platinum? Or a strategic supply of apples and beef?”
South Africa’s central bank governor scoffs at the idea of a strategic Bitcoin reserve, asking: “Why not a strategic beef reserve? Why not an apple reserve? Why Bitcoin?!”
Brian Armstrong replies: pic.twitter.com/36LXDUxP5g
—Sam Callahan (@samcallah) January 21, 2025
Kganyago did not mince words in addressing what he called the creeping “regulatory capture” of the sector, a thinly veiled dig at lobbying efforts. “If money controls the rules, regulation fails,” he said, warning governments against letting crypto money take control of fairness.
On the other hand, Coinbase’s Brian Armstrong sounded a hopeful tone. He praised Trump’s decisive push toward cryptocurrency integration, calling it a monumental moment. “When the largest economy on the planet publicly supports cryptocurrencies, the impact cannot be underestimated,” Armstrong said. He called Trump’s goal of creating a Bitcoin reserve a bold but achievable step.
Bitcoin Strategic Reserve Executive Order Sparks Debate
Trump’s proposal for a Bitcoin reserve has spread in financial circles. Announced during his 2024 campaign, the plan paints Bitcoin as a modern counterpart to gold in U.S. strategic reserves — a radical bet on reshaping traditional finance.
Although his inaugural speech left the issue of cryptocurrencies out of the question altogether, voices from his inner circle insist that the project is far from shelved. “Plans for a Bitcoin reserve are alive and well,” Coinbase CEO Brian Armstrong told a crowd in Davos, sparking fresh speculation about when the idea might come to life.
But the cryptocurrency world remains divided. Some hail Trump’s influence for breathing new life into the market, while skeptics point to the dangers of speculation and question the ethics of government meddling in decentralized assets. With crypto-friendly officials now in key regulatory roles and a growing appetite for blockchain innovation, the Trump administration could turn this entire situation around.
Trump Crypto Influence 2025 Gains Ground
The Davos debates made one thing clear: cryptocurrencies’ hold on global finance is not a passing phase.
Trump’s pro-crypto policies are already reshaping the narrative, but whether they can spark the industry’s next meteoric rise or hit a wall of resistance is still in play.
EXPLORE: Bitcoin Txs Reaches $19K in 2024: Best Web3 Wallet $BEST Raises $6.5M Ahead of Seismic Year for Cryptocurrencies
Join the 99Bitcoins News Discord here for the latest market updates
The post When Will Trump Approve Cryptocurrency Executive Order? Bitcoin Markets Await Monumental Reserve Move appeared first on 99Bitcoins.