In a recent tweet, cryptocurrency investor, trader, and entrepreneur Willy Woo shared his take on the prospects of creating the US national Bitcoin Reserve and why the new US president did not sign any orders about it on his first day in the White House. Woo has warned that building a strategic Bitcoin reserve for the US is not easy regarding approval and execution. Therefore, it may take up to two years to start.
6-24 months needed to start buying Bitcoin
Woo explained how he sees the US national Bitcoin Reserve happening: “The Bitcoin Strategic Reserve needs buy-in from Congress and the House.” And he pointed out that issuing an executive order on the day of inauguration would be “the blunt way to execute this.”
If it is approved, Willy Woo continued, then, he stated, nothing of that scale happens immediately. The trader believes it would take six to twenty-four months for the US government to only “execute on BTC stacking.” Still, Woo reckons that the markets would begin to react earlier than it happens and “start a process of speculative front running.” The original plan said that the US would buy 200,000 BTC every 12 months within the next five years.
Kiyosaki predicts Bitcoin to $250,000
As reported by U.Today earlier, financial guru and the author of the popular book “Rich Dad Poor Dad,” Robert Kiyosaki, shared a prediction that this year, the world’s pioneer cryptocurrency, Bitcoin, would reach a staggering $250,000 per coin. That forecast was slightly lower than the one he made twice in December. Back then, Kiyosaki stated that he expected Bitcoin to spike as high as $350,000 in 2025. Still, that was the maximum price level in his prediction.
The minimum one was $175,000 per one Bitcoin. On Monday, January 20, Bitcoin price jumped by almost 10% – from roughly $99,700 it surpassed the $100,000 level and kept rapidly surging until it hit a new all-time high at $109,114. The price jump occurred before the new US president’s inauguration in the White House. Currently, Bitcoin has shed some of its recent gains and is trading at $102,650.
Bitcoin hits $109,114 record peak
Bitcoin has recently reached a new all-time high (ATH) of $109,114, marking a significant milestone in its upward trajectory. This surge reflects growing institutional adoption, an increasing acceptance of Bitcoin as a store of value, and a broader interest in digital assets. The cryptocurrency has gained traction as a hedge against inflation, with large institutions and corporate entities, such as MicroStrategy and Tesla, expanding their holdings.
The breakout above previous resistance levels indicates strong bullish momentum, attracting both retail and institutional investors. This price movement comes amid favorable macroeconomic factors, including speculation around pro-crypto policies and growing confidence in Bitcoin’s long-term potential. As Bitcoin continues to capture the attention of mainstream financial players, its market dynamics are evolving, leading to greater stability and liquidity.
Summary
Willy Woo, a cryptocurrency investor and trader, recently shared his views on the potential creation of a U.S. national Bitcoin Reserve. He explained that the process of establishing such a reserve would be complex and could take 6 to 24 months due to the need for Congressional approval. Woo also mentioned that while the reserve’s execution would take time, the market might begin to react early, with speculative actions driving Bitcoin prices upward. The plan proposed buying 200,000 BTC annually over five years.
