Jack Mallers, the CEO of Bitcoin payment platform Strike, has expressed support for the idea of the U.S. creating a strategic Bitcoin reserve, believing it would offer benefits to Americans from all economic levels.
In a recent interview with Kitco News, Mallers highlighted his expectations that the upcoming Trump administration would prioritize policies that foster economic growth, business development, and innovation.
Mallers sees the creation of a Bitcoin reserve as a solution to the nation’s fiscal challenges. He emphasizes that this move would be advantageous for retail investors, corporations, and institutions holding Bitcoin, while not negatively impacting those who have yet to invest in the cryptocurrency. He advocates for using Bitcoin, one of the fastest-growing assets, to back future financial obligations, offering reassurance to the public about the government’s efforts to address fiscal issues.
According to Mallers, this strategy would not involve taking resources from the public or devaluing the currency but would instead act in the best interests of ordinary people and businesses. He believes it would strengthen both the economy and the public’s confidence, as well as support various sectors, including labor, industry, and energy.
In line with this thinking, Republican Senator Cynthia Lummis of Wyoming introduced a proposal in July to establish a U.S. Bitcoin reserve, aiming to accumulate 1 million BTC (roughly 5% of Bitcoin’s total supply) over the next five years. This initiative is seen as a measure to help secure the U.S. dollar’s value amid rising national debt.
