It's not that Jerome Powell doesn't have a say, it's just that if this proposal is passed by Congress, it means Jerome Powell needs to comply, he can go against Trump but he can't go against the US Constitution. Just like when Trump wanted to have a Bitcoin reserve, this also requires Congressional approval, if it is vetoed by Congress, there is nothing Trump can do to reverse it. Congress is the place to enforce the national constitution and no one can oppose even Trump.



Even if the US government owned more bitcoin, that wouldn't increase the chances of Trump's bitcoin reserve idea succeeding. Because the Fed and Congress will value bitcoin based on many factors because national reserves are important, not based on how much bitcoin the US government owns. That's why Powell said he's not interested in bitcoin because it doesn't meet the standards they need.

The Fed is an independent agency whose mission and job is to regulate the U.S. and world economies through monetary policies and ensure economic stability. They are unconcerned and unaffected by the political rivalry in the White House.

Nobody here can tell the future, we all heard most of the things the president-elect said he would do during his campaign, and you can ask us all you want if he will do it or not, the answer will still be that we do not know. However, i don't think there is any need to speculate too much, in a few days Trump takes office, and then we would witness what will be done and if the Fed reserve will agree to a BTC strategic reserve in the U.S.

Of course no one can predict the future, whatever has been said and done before is not necessarily happening tomorrow, so what we have seen and heard from Trump's remarks for the future of bitcoin in the US, this is still speculation, in a democratic country you cannot decide this based on the president's words alone, there still needs to be deliberation with the cabinet and also agencies related to economic policy in that country, because after all if the US makes bitcoin a reserve asset it will change the investment path of investors there, and companies in the US may be a little unattractive and prefer bitcoin to the stock market, so considerations must be very long about this, after being inaugurated it is unlikely to be legalized immediately because it certainly requires a lot of approval from government agencies including the Fed.

We need to be clear that Trump only mentioned the idea of ​​including Bitcoin in the national reserve during the election. He has not officially become president, so he has no authority to ask or urge Congress to do anything, and he has never asked Congress to consider the idea. Even if he officially becomes president, he still needs to propose his ideas for a vote by Congress. Urging parliament to pass statements on social media is just a political stunt to please people, and it only shows that he is not serious about the idea.

What Trump wants is the power to interfere in the Fed's decisions, and he mentioned this during the election campaign. But honestly, no president has done that before, and Trump is no exception. The Fed needs to remain independent and separate from government influence because that is how the US dollar maintains its dominance worldwide. Congress knows this better than anyone, so don't expect bipartisan politicians to side with Trump over the Fed if they fight each other.

Frankly, no one likes or cares too much about bitcoin reserves, what people care about is how to get the bitcoin price as high as possible and to do that there needs to be big positive news. People just latch onto and grab onto whatever they think will make the price of bitcoin go up, and they blindly support it without ever researching whether it is viable and can become a reality.

If I remember correctly Trump only mentioned the idea once and so far there has been no further news to suggest he is serious about it. People are just blowing things out of proportion and living in illusions, nothing more.

Due to his political personality, many people are not completely convinced by Donald Trump's statement about the strategic Bitcoin reserve. Some think it is a strategy to win his election. Some think that making Bitcoin a strategic reserve currency is a matter of time. However, from my perspective, what I understand is that Trump will definitely make a strategic reserve of Bitcoin, but it will take a long time for him to implement.

Trump will make Bitcoin a reserve currency for his benefit, for the benefit of his country, so why wouldn't he do it? The US will be the leader in everything related to finance. Just like America has a strategic oil reserve, they will definitely reserve Bitcoin. If Trump buys 1 million Bitcoin as planned and if the market cap of Bitcoin is 16 trillion, then America will get a huge financial support, which is why he has to do it. If he doesn't, Russia will certainly not be left behind. They will use that opportunity to protect their interests.

According to Polymarket's gamblers' analysis, the implementation of Bitcoin reserve currency is 28 percent, but according to my prediction, there is a possibility of 90 percent.After the first 100 days of his power, many things will become clear.

Politician's promise to gain votes, there is not even real commitment at dates, but he has 4 years to fulfill bitcoin promise.

The FED can easily print money, so buying "1 million BTC" shouldn't be a problem. But first, Trump must solve the "National Debt" problem. Then, he talk about making the US "the crypto capital of the world". Having a national BTC reserve is not as easy as it sounds. Especially if the country is on the brink of bankruptcy.

Three things can happen during Trump's upcoming presidency. Either the US defaults, the debt ceiling is raised, or the "National Debt" is paid off in its entirety. Whatever happens, you can feel confident BTC won't be going away anytime soon. It will only become bigger and stronger over time. BTC didn't need spot ETFs or national reserves to reach a new ATH. It did fine in the past without the governments' (and institutional investors') support. With or without a US national reserve, BTC will be here to stay.

It's going to be funny if they are going to add Seize Bitcoin to what they want to reserve. What is going to be the objective reasons why the Bitcoin were seized and jailed the silk road guy, for their own benefit and what about the victims of the loss Bitcoin to the scams. If there is going to be a reserve which nobody is sure of, Trump will buy a new fresh Bitcoin from one of their recognize exchange which is Coinbase but personally, this guys ain't going buy any Bitcoin.

It's good to be anticipating actually but the problem America has right now is Bitcoin isn't going to be the easiest problem Donald Trump will start with. There are majority of citizens that are waiting for him to personalized their own problems and give them solution, even he is going to make it happen, I think it's not going to be soon. The market will be free and fair where everything will be done in government ways before announcements will come later.

Can the President use executive orders to establish the strategic reserve? or does it need to go through the legislative process?