The topic of a Strategic $BTC Bitcoin Reserve has been trending on social media platform X, generating significant attention with over 26,400 mentions. The discussion reached the top 5 trending topics on Wednesday morning (12/18).
This surge in conversations is attributed to reactions from X users regarding the recent plan. One notable post highlighted comments from Bitwise Chief Investment Officer Matt Hougan, who suggested that Bitcoin could reach as high as US$500,000 if the United States were to implement a Strategic Bitcoin Reserve.
Another key point of interest is the Strategic Bitcoin Reserve Bill introduced in Ohio. This bill allows the Ohio Treasurer to invest in digital assets as part of the state’s broader financial strategy, sparking further discussions.
Additionally, the Satoshi Action Fund, led by Dennis Porter, made waves by filing a draft executive order aimed at establishing a Strategic Bitcoin Reserve. The initiative intends to utilize seized Bitcoin to help stabilize the US dollar, adding more fuel to the growing conversation.
