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Topic
Board Bitcoin Discussion
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Trump's legacy: from millions of barrels of oil to millions of BTC?
by
Vincom
on 17/02/2025, 06:59:13 UTC
During his 2017-2021 presidential term, Donald Trump made a lasting impact on the U.S. economy, particularly in the energy sector. His administration aggressively expanded oil and gas exploration, propelling the U.S. to become the world’s top oil producer and achieve record-high oil exports. Trump also took pride in filling over 700 million barrels in the Strategic Petroleum Reserve [1,2]

However, during the 2025-2029 term, Trump’s legacy may extend beyond oil—to BTC. While he was skeptical of crypto during his first presidency, his stance has undergone a dramatic shift. This term, he has openly embraced digital assets, accepting crypto donations for his campaign and actively criticizing the Biden administration’s regulatory approach to the industry. 

Immediately after assuming office, Trump issued an executive order to explore The National Digital Asset Stockpile [3], addressing the expectations of the crypto community and ensuring that the U.S. government’s holdings of over 200K BTC remain off the market. His administration is composed of strong crypto advocates, signaling a shift toward a more pro-crypto stance. This approach positions the U.S. as a potential global leader in the crypto space, aligning with Trump’s broader economic ambitions.


Meanwhile, U.S. Senator Cynthia Lummis has introduced a bill proposing the acquisition of 1M BTC, aiming for the U.S. to control 5% of BTC’s total supply [4]. If approved, this initiative could trigger a worldwide wave of BTC accumulation—essentially, national-scale FOMO.

I hope that over this four-year term, Trump can lead the U.S. to accumulate not just 1M BTC but even more. Such a move would solidify BTC’s role in the global economy, potentially driving its market cap past that of Gold. 

A transformation from the Strategic Petroleum Reserve (SPR) to a Strategic Bitcoin Reserve (SBR), from stockpiles of oil to millions of BTC, could mark a defining shift in economic policy. This could cement Trump’s legacy as the first true crypto president of the U.S., ensuring his impact is felt well into the next century.

I would like to know your opinion on this issue: 
  • Do you expect the U.S. to accumulate millions of BTC during Trump's term? 
  • Will the U.S. SBR have a positive impact on the growth of BTC and crypto globally?
  • Are you holding crypto and waiting for an uptrend driven by the effects of SBR?

References:
1. Strategic Petroleum Reserve
2. Fact-Checking Donald Trump On The Strategic Petroleum Reserve
3. Fact Sheet: Executive Order to Establish United States Leadership in Digital Financial Technology
4. Lummis Introduces Strategic Bitcoin Reserve Legislation