New SEC Chair and U.S. Strategic Reserve Could Propel BTC to $100,000 | Matrixport Research

An estimated 617 million people, or 7.51% of the global population, currently use cryptocurrencies. If this figure reaches 8%, it could signal a tipping point toward mainstream adoption, driven by stablecoins, DeFi, new financial services, and speculation. Bitcoin’s network effects will likely accelerate once awareness and usage hit 8% in key regions, sparking further institutional and public interest. This 8% adoption threshold historically marks the shift from early adopters to the early majority — a critical phase that could see cryptocurrencies achieve widespread acceptance by 2025.

Following this, Trump delivered a keynote at the Bitcoin 2024 Conference in Nashville, where he proposed that the U.S. government should establish Bitcoin as a strategic asset within national financial reserves. He emphasized plans to boost American energy production to support Bitcoin mining, positioning the U.S. as a global leader in the space. Trump pledged to form a crypto-friendly advisory council to create transparent regulations and stated his intent to replace SEC Chair Gary Gensler to ease regulatory obstacles in the sector.

The Bitcoin Act of 2024 was introduced on July 31, 2024, to position Bitcoin as a strategic financial asset for the United States, enhancing economic resilience and promoting transparency. The Act outlines plans to establish a Strategic Bitcoin Reserve and implement a Bitcoin Purchase Program to support this objective.

The Strategic Bitcoin Reserve would create a decentralized and secure storage network for government-owned Bitcoin across the U.S. This reserve would be protected with robust security measures and retain any assets from Bitcoin forks or airdrops, with a five-year restriction on selling these assets. The Bitcoin Purchase Program targets the U.S. government to acquire up to 1 million Bitcoins over five years, with an annual target of 200,000 BTC.

Significant shifts are underway with Trump’s election and a pro-crypto wave in the U.S. Congress that may push forward supportive legislation for the industry. Crossing the 8% adoption threshold could be a critical milestone for Bitcoin’s global acceptance. Given Trump’s pro-crypto stance and his circle of crypto advocates, he will likely advance his campaign commitments. With this supportive regulatory landscape, Bitcoin reaching $100,000 in the coming months appears feasible, setting the stage for a strong outlook for the Bitcoin industry in 2025.

Disclaimer: The above content is for informational purposes and reference only. The content does not constitute investment advice. Digital asset transactions can be precarious and volatile. Investment decisions should be made after carefully considering individual circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.

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