US Bitcoin Reserve Plan Faces Uncertainty

The US government’s stance on Bitcoin as a potential strategic reserve asset is under scrutiny following recent remarks from Crypto Czar David Sacks. His comments at a press briefing and on social media have sparked speculation about whether the administration remains committed to a Bitcoin reserve or is shifting toward a broader digital asset policy.

As discussions heat up, some believe Bitcoin remains the primary candidate for a national reserve, while others argue that the focus is widening to include multiple cryptocurrencies.

“Evaluating” a Reserve—A Soft Commitment?

During a recent press event, Sacks acknowledged President Trump’s directive to assess the feasibility of a US Bitcoin Reserve. While this initially fueled optimism in the crypto market, his cautious wording left many questioning the government’s actual intentions.

Sacks stated that officials are “evaluating” the concept of a Strategic Bitcoin Reserve, noting that it is among the administration’s top priorities. However, market analysts were quick to dissect the language, with some suggesting that this phrasing indicates hesitation rather than commitment.

Financial expert Jim Bianco pointed out that Washington often uses the term “evaluate” when it intends to delay or avoid action. He noted that Trump previously hinted at establishing a Bitcoin reserve, making the shift in tone particularly significant.

A Move Toward a Broader Digital Asset Strategy?

Adding to the uncertainty, Sacks’ recent post on X detailed his discussions with lawmakers on supporting digital assets. However, while “digital assets” was mentioned multiple times, Bitcoin received only a single reference.

This shift in language has triggered speculation that the government’s focus may not be solely on Bitcoin but rather on a diversified reserve of digital assets.

Pro-XRP attorney Fred Rispoli suggested that the administration’s careful phrasing could indicate plans to include multiple cryptocurrencies rather than relying entirely on Bitcoin. While no alternative tokens were explicitly mentioned, the lack of emphasis on Bitcoin alone has raised questions about the administration’s next steps.

Market Reactions: Bitcoin Takes a Hit

Bitcoin’s price fell to $97,872, reflecting a decline in trading volume by 20%, now standing at $66 billion. The cryptocurrency has fluctuated between $96,208 and $100,807 over the past 24 hours, mirroring the uncertainty surrounding US policy.

Traders who expected a clear declaration of Bitcoin as a national reserve asset were left disappointed. The lack of clarity in Sacks’ statement has fueled tensions, particularly between Bitcoin maximalists and proponents of a broader crypto reserve.

What’s Next for the US Crypto Reserve?

Trump has previously hinted at the possibility of a US Crypto Reserve, but he has never outright declared Bitcoin as its foundation. This deliberate ambiguity has left room for multiple interpretations, with investors closely monitoring developments.

As the administration reassesses its crypto strategy, the crypto market remains on edge. Whether the US will move forward with a Bitcoin-centric reserve or pivot toward a multi-asset approach remains an open question—one that could have major implications for digital asset adoption worldwide.