K33 analyst: It is expected that the US Treasury Secretary will clarify by May 5th how the reserve plan will increase holdings of BTC

PANews|Mar 12, 2025 13:19
According to The Block, analysts from K33 Research have stated that although President Trump's recent executive order is believed to have been "undermined" by concerns of economic recession, the potential US strategic Bitcoin reserve remains a "big deal" rather than a "useless thing". Although the information regarding budget neutral acquisition measures for Bitcoin reserves has been vague, K33 analysts expect some clear news by May 5th, and Treasury Secretary Bessent will evaluate legal and investment considerations within 60 days after the executive order is issued. They pointed out that potential budget neutral strategies include the surplus of the US Treasury Department's Foreign Exchange Stabilization Fund, the sale of Special Drawing Rights or gold certificates issued by the International Monetary Fund for revaluation.
The White House's previous executive order clearly stated that it would not use taxpayers' money to increase holdings of Bitcoin, while the Treasury and Commerce Secretaries were authorized to develop budget neutral strategies to acquire more Bitcoin.
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