Bitcoin (BTC) achieved a historic milestone, reaching $94,000 for the first time, fueled by a significant uptrend since November 5, the day President-elect Donald Trump secured re-election. Trump’s promise to bring regulatory transparency to digital assets sparked forceful growth, with BTC seeing a 40% surge in just two weeks.

“Get ready for possible seven-figure BTC prices.”

This boost reflects increased buying pressure and correlates with rising inflows into bitcoin ETFs. However, speculation about a potential Bitcoin strategic reserve in the US has further strengthened investor confidence.

Blockstream CEO Adam Back, a longtime Bitcoin supporter, suggested that if the United States established a strategic Bitcoin reserve, investors should prepare for the possibility of seven-digit Bitcoin prices this market cycle. Back he stated: :

if a strategic bitcoin reserve is created in the US, get ready for a 7-digit Bitcoin amount. this cycle. the market is skeptical about significant sequels for now, so it’s not valued at all.

Market expert Anthony Pompliano stressed that discussions about the initiative are intensifying as pro-crypto senator Cynthia Lummis has introduced legislation to mobilize the reserve, while Trump has previously pledged to apply around 200,000 BTC already held by the US government.

Bitcoin to $150,000 in 2025?

Despite these proposals, Pompliano says they don’t go far enough. He supporters for a more aggressive approach, suggesting that the US should print $250 billion on the first day of Trump’s presidency and invest the entire amount in Bitcoin.

Pompliano emphasizes that the proposed $250 billion investment could allow for the purchase of almost 2.8 million BTC at the current price. However, while acknowledging that US government purchases will likely impact market prices, he estimates that the average purchase price could boost to $150,000 per coin, leading to the acquisition of approximately 1.6 million BTC.

Combined with the 200,000 Bitcoins it already holds, this would make the United States the largest Bitcoin holder in the world, with a total of 1.8 million BTC. Pompliano says this strategy, while seemingly costly, would be a prudent financial move that could yield significant long-term benefits.

At the time of writing, BTC is trading at $93,770, up 5% on a weekly basis.

Featured image from DALL-E, chart from TradingView.com