The world’s largest asset manager, BlackRock, has reportedly endorsed the idea of creating a US Strategic Bitcoin (BTC) Reserve, as states and the Trump administration accelerate plans to industrialize the digital asset.
CEO and co-founder of Satoshi Act Fund, Dennis Porter, made the announcement developmentwhich has led to renewed debates about Bitcoin’s role in the national economic strategy.
BlackRock, which manages more than $10 trillion in assets, has not yet released an official statement confirming the claim. However, the company has previously highlighted Bitcoin’s potential as a hedge against inflation and as a reserve diversification tool.
Porter told CryptoSlate:
“It’s a no-brainer for BlackRock to push for a strategic Bitcoin reserve. Bitcoin aligns incentives. Now that BlackRock is pro-Bitcoin, they will push for policies that support the technology. When the incentives are aligned, we all win.”
Senator Cynthia Lummis of Wyoming has already introduced legislation for a strategic reserve called “The Bitcoin Act” and previously stated that it would be implemented within the first 100 days of Donald Trump taking office.
The bill has become the fourth most viewed US legislative document since November 19.
Government is progressing plans
Porter also revealed that the Trump administration is considering an executive order to formalize the reserve, in line with the president-elect’s broader pro-Bitcoin stance.
Proponents argue that Bitcoin’s decentralized nature, limited supply, and independence from traditional monetary systems make it an ideal complement to gold to protect the U.S. economy from dollar devaluation.
Additionally, Porter said state governments are rushing to pass legislation establishing their own strategic Bitcoin reserves before President-elect Donald Trump signs an executive order on the matter.
Porter believes “the states will lead the way,” describing the push as a decentralized initiative in line with Bitcoin’s ethos.
Critics and warnings
While proponents see Bitcoin as a hedge against inflation and a modernizer of reserves, critics have raised major concerns about its volatility, environmental impact and security risks.
Bitcoin’s price, which has historically been subject to extreme fluctuations, could lead to instability in national reserves if widely adopted. Skeptics argue that relying on assets with such unpredictable swings could expose the U.S. economy to unnecessary risk.
The threats to security are also great. As a digital asset, Bitcoin is susceptible to hacking, cyber attacks and theft. High-profile crypto breaches have exposed vulnerabilities in storage solutions, even for institutional-grade systems.
Critics worry that a national Bitcoin reserve could become a prime target for bad actors, endangering national economic security.