"Adoption of Strategic Reserves by the United States Could Propel Bitcoin to $500,000"

Amid ongoing debates over President-elect Donald Trump's pledge to make Bitcoin (BTC) a strategic reserve, there are projections that Bitcoin could reach $500,000 if it is indeed adopted as a strategic reserve by the United States.

According to Cointelegraph on the 17th (local time), Matt Hougan, Chief Investment Officer (CIO) of Bitwise, stated in an interview that "if the United States selects Bitcoin as a strategic reserve asset, the price of Bitcoin could approach $500,000."

He further explained, "If such an event actually occurs, this year's bull market could seem like a modest rally."

Meanwhile, within the United States, the strategic assetization of Bitcoin appears to be becoming a reality. Not only is it a pledge of President-elect Trump, but the Bitcoin Policy Institute also drafted an executive order for Trump's strategic Bitcoin reserve. Additionally, bills proposing the strategic assetization of Bitcoin have been emerging in the House of Representatives in states like Texas and Ohio.