- Trump’s executive order creates a Strategic Bitcoin Reserve under U.S. Treasury.
- White House’s crypto summit signals strong government support for Bitcoin’s growth.
- Samson Mow revises Bitcoin forecast, predicting $1M milestone sooner than 2031.
The White House announced on March 8, 2025, via its official X account that America aims to become the global leader in Bitcoin. President Donald Trump signed an executive order on March 6 to create a Strategic Bitcoin Reserve. This move directs federal agencies to store seized digital assets in a centralized Treasury Department stockpile. The administration views this as a step toward establishing a robust cryptocurrency framework in the U.S.
The office’s establishment was announced after the March 7 White House Crypto Summit. Trump strengthened his stance by declaring that the U.S. would become a leading center for cryptocurrency operations. He described the reserve as a “virtual Fort Knox for digital gold.” This shift departs from regulatory hesitance, signaling a proactive stance on Bitcoin adoption.
Samson Mow Adjusts Bitcoin Price Forecast
Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate revised his price prediction for the cryptocurrency. He expects Bitcoin to reach $1 million faster than his 2031 estimate. Mow shared this updated outlook on X, responding to the White House’s post. He stated, “Since getting into Bitcoin, I’ve consistently found that everything always happens faster than I expect. And now we have the White House promoting Bitcoin.”
Mow attributes this accelerated timeline to growing government support. He believes the Strategic Bitcoin Reserve and the administration’s actions create favorable conditions for a price surge. As the head of JAN3, Mow leads his team toward Bitcoin adoption through his organization’s development of the AQUA Wallet project. The U.S. policy reforms have created optimism throughout the cryptocurrency community that Mow expresses through his sentiments.
Bitcoin Market Trends and Global Impact
Bitcoin’s price currently stands at $85,093 as of March 10, 2025, after a slight 0.69% drop in the past 24 hours. Despite this dip, institutional demand remains strong, driven by spot Bitcoin ETFs and increasing adoption. The White House’s endorsement could inspire other nations to explore similar cryptocurrency strategies. Analysts note that this policy shift may reshape global financial dynamics.
The International Monetary Fund warns about Bitcoin’s threats by pointing to El Salvador’s unsuccessful adoption as a dangerous precedent. Mow preserves his determination while receiving backing from El Salvador’s President Nayib Bukele. JAN3 continues to push Bitcoin initiatives worldwide. The U.S. government’s decision to hold rather than sell its Bitcoin holdings underscores a long-term commitment.
