Crypto Czar's Clue: David Sacks Hints at Expanded US Bitcoin Reserve
After printing all-time highs earlier this year and surpassing the landmark $100k level, Bitcoin has oscillated for months and is retreating. Despite the short-term weakness, Bitcoin provides investors with five reasons to be bullish into year-end, including:
Crypto Czar David Sacks Hints at Potential Expansion of US Strategic Bitcoin Reserve
Earlier this year, President Donald Trump and his hand-selected 'Crypto Czar' David Sacks lit up the Bitcoin lexicon by announcing the 'Strategic Bitcoin Reserve and US Digital Asset Stockpile.' Through the March 6 th Trump administration executive order (EO), the US government will hold onto any Bitcoin seized through nefarious activities (The US currently holds ~200k Bitcoin).
While the EO means that the US government will not flood the market with a massive supply of Bitcoin, it will not add to Bitcoin demand. However, recent comments from David Sacks at the world's largest Bitcoin conference suggest that that could change in the future. Sacks indicated that the US government may expand the Bitcoin Strategic reserve by acquiring more Bitcoin through 'budget neutral' strategies.
Bitcoin Enters High Probability Reward-to-Risk Zone
Using the iShares Bitcoin ETF (
IBIT
) as a Bitcoin proxy, Bitcoin is retreating to its rising 50-day moving average for the first time since making a low at the beginning of Q2. Typically, the first tag of the 50-day moving average after a price advance establishes a high probability support zone.
GENIUS Act May Spur More Bitcoin Demand
Earlier this month, the GENIUS (Guiding and Establishing National Innovation for US Stablecoins Act) passed the US Senate in a bipartisan fashion and with a wide margin of 68-30. Though the act is primarily focused on providing regulatory to stablecoins (digital assets pegged to fiat and other assets) like Circle's (
CRCL
) USDC, GENIUS will profoundly impact the digital asset market as a whole, including Bitcoin. The GENIUS Act will lead to further Bitcoin adoption for three reasons, including:
1. Regulatory Credibility: Over the years, a key struggle that has stymied Bitcoin demand is the lack of regulatory clarity. Industry leaders like Coinbase (
COIN
) CEO Brian Armstrong have complained for years about the lack of comprehensive regulations in the digital asset space. By regulating stablecoins, the government lends credibility to digital assets in general, including Bitcoin.
2. A Broader Crypto Ecosystem: Increased trust and regulatory oversight will lead toa sturdier andwidely accepted digital asset ecosystem.
3. The Stablecoin Stepping Stone: With more institutions and digital asset users leveraging stablecoins, the GENIUS Act will act as a new entry point for other crypto assets like Bitcoin for once non-crypto users.
Bitcoin's Insatiable Institutional Demand
Between the growing popularity of Bitcoin ETFs and companies like Strategy (
MSTR
) and Block (SQ), which continue to add Bitcoin to their balance sheets by the millions, institutional Bitcoin demand will likely remain robust into 2026.
Risk-On Assets Like Bitcoin Are In Vogue
Despite Fed Chair Jerome Powell's recent hawkish monetary policy stance, investors are pricing in a 50 bps interest rate cut (according to the betting website Polymarket). Historically, lower rates (more liquidity) have been bullish for Bitcoin.
Bottom Line
Despite Bitcoin's recent sloppy price action and a retreat from all-time highs, a confluence of factors, including a potential expansion of the US Strategic Bitcoin Reserve, paint a decidedly bullish picture for Bitcoin into 2026
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
MicroStrategy Incorporated (MSTR): Free Stock Analysis Report
Coinbase Global, Inc. (COIN): Free Stock Analysis Report
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