The prospect of the United States establishing a national Bitcoin reserve continues to stir debate, following President Donald Trump's executive order in March. Key industry stakeholders remain divided, with some advocating for the potential economic and strategic benefits while others voice skepticism about feasibility and sustainability.
US banking giant Morgan Stanley has publicly stated that Bitcoin's current market capitalization of $1.87 trillion makes it sufficiently significant for consideration as a U.S. national reserve asset. The bank's recent report suggests holding 12-17% of Bitcoin's total supply in national reserves would be consistent with existing reserve standards but cautions that Bitcoin's volatility remains a meaningful risk for sovereign reserves.
This stance is supported by some industry voices, including Anthony Scaramucci, who believes such a reserve could advance digital asset adoption and help address the nation’s debt. In contrast, notable investor Kevin O'Leary has cast doubt on the initiative, critiquing both the reserve concept and the motivations of Bitcoin proponent Michael Saylor, suggesting that Saylor's accumulation strategy is unsustainable and self-motivated. Despite mixed opinions, discussions about institutionalizing Bitcoin as a reserve asset remain active and influential in shaping market perspectives.
