Satoshi Action Fund Co-Founder Predicts Bitcoin Will Be Impossible to Buy Soon

Bitcoin Adoption Gains Momentum with Strategic US Reserve

The global financial landscape is on the cusp of a major transformation, driven by Bitcoin's rise to prominence following Donald Trump's victory as the next President of the United States in November 2024.

Trump has pledged to establish a national Bitcoin stockpile, adding to the cryptocurrency’s growing presence in global economies.

This move fuels a broader wave of Bitcoin adoption, influencing nations worldwide to reconsider their financial systems.

US to Launch Strategic Bitcoin Reserve

A key component of the new administration’s plans is the creation of a strategic Bitcoin reserve in the United States.

Denis Porter, CEO and co-founder of the Satoshi Action Fund, suggests that legislation for state-level Bitcoin reserves could be enacted before Trump even takes office.

However, he speculates that Trump could expedite matters with an executive order in his first week, paving the way for federal action.

Porter confirmed that 10 US states are already preparing to introduce plans for their own strategic Bitcoin reserves.

To support this push, he is urging the crypto community to contribute to the Satoshi Action Fund.

Satoshi Action Fund is a non-profit organisation focused on educating policymakers and regulators about Bitcoin mining's potential to stabilise the energy grid, boost the economy, and promote environmental sustainability.

Global Demand Surge as Bitcoin Becomes a National Asset

The move by the US government to hold Bitcoin as part of its financial strategy is expected to kickstart a global shift.

Countries grappling with high debt-to-GDP ratios—like Japan and the United States—are under increasing pressure to adopt alternative assets like Bitcoin.

With debt exceeding 100 percent of GDP, many economies are looking for ways to mitigate long-term financial risks.

This broader adoption could have profound effects on the global financial system, with Bitcoin becoming a key asset in national reserves.

As demand for Bitcoin skyrockets, the supply is likely to shrink, potentially leading to substantial price increases.

Bitcoin Price Surge and the Institutional Push

Porter forecasts that the increasing institutional adoption of Bitcoin, combined with the likely addition of national reserves, will create a severe demand-supply imbalance.

He believes this imbalance will make it exceedingly difficult to acquire Bitcoin in the future, pushing its value to new heights.

As the cryptocurrency's scarcity grows, Bitcoin could soon surpass the $100,000 mark, continuing its bullish trend.

However, not everyone is convinced about the potential of the strategic Bitcoin reserve.

Peter Schiff, a long-time Bitcoin critic, has raised concerns about the bill’s lack of significant support.

He pointed out that aside from Senator Cynthia Lummis and Representative Ro Khanna, the reserve initiative doesn’t appear to have broad backing in Congress.

Peter Schiff is an American stockbroker, financial commentator, and co-founder of Echelon Wealth Partners, also serving as an investment advisor at Euro Pacific Asset Management and Schiff Gold.

The Growing Institutional and State-Level Support

Despite Schiff’s reservations, state-level and institutional support for Bitcoin continues to expand.

With a growing number of states in the US taking steps to integrate Bitcoin into their financial frameworks, the momentum for a national Bitcoin reserve is only building.

As Trump takes office and potentially accelerates this process, Bitcoin’s position as a legitimate financial asset appears increasingly secure.

In the face of economic uncertainty, the rise of Bitcoin as both a store of value and a strategic asset is shaping up to be a defining feature of the coming financial era.

At the time of writing, Bitcoin is valued at $95,371.55.