If Trump fulfills his previous promise to establish a national reserve of Bitcoin and deregulate, perhaps Bitcoin will enter a new age.
1. The United States' purchase of Bitcoin as a reserve will drive up the price of Bitcoin, while also driving other countries and large companies and financial institutions to buy Bitcoin, further pushing up the price.
I do think that the Trump’s plan for a Bitcoin reserve could bring a big shift, yet also not without its problems. Adding Bitcoin to US reserves could indeed attract much attention worldwide and possibly raise the value of Bitcoin. Yet, crypto remains highly volatile, and moreover, it is regulated in an unpredictable way. Today, that positions it as a more risky active for national reserves than traditional assets like gold. In the meantime, though some Bitcoin aficionados appreciate the fact that it gives them a hedge against inflation, economic experts say this heavy reliance on crypto will boost financial instability, especially if price fluctuations go wildly out of control.
If the US government really wants to use bitcoin as a strategic reserve asset, they will certainly find a way to control the price of bitcoin to their liking. Bitcoin is considered a volatile asset but that volatility is created by whales, the market makers so it is not too difficult for the government if they want to replace the role of these people.
The stock market is worth hundreds of trillions of dollars and they can also easily manage it, so with a small market like bitcoin, management and control is not too difficult.
In short, turning bitcoin into a reserve asset will have its pros and cons, so we need to observe the situation and find ways to adapt.