Big Day in Bitcoin on Monday, Analyst Says: “It’s Definitely Coming”

Cryptocurrency analyst Fred Krueger has made a bold claim that former President Donald Trump will announce the creation of a Bitcoin Strategic Reserve (BSR) as part of a sweeping set of executive orders expected on Monday.

In a statement, Krueger outlined his reasoning, citing political risks and Trump’s historical support for pro-crypto policies.

“There will be a lot of executive orders announced on Monday, that’s for sure,” Krueger said. “If there’s no executive order regarding the Bitcoin Strategic Reserve among those many announcements, then a lot of Trump’s donors are going to be very disappointed. Trump doesn’t want to experience that disappointment at the beginning of his presidency.”

Krueger said the sheer number of executive orders expected makes it highly likely that a BSR initiative will be included. “If it were just a few executive orders, they might be able to get away with delaying the BSR decision. But if it were dozens, they might not be,” he said.

Additionally, new reports suggest that cryptocurrency exchange Coinbase is backing a Bitcoin reserve initiative, with Coinbase CEO Brian Armstrong reportedly holding private meetings with Trump.

*This is not investment advice.