U.S. Strategic Bitcoin Reserve Marks ‘Historic Endorsement’ of Crypto, Says H.C. Wainwright
The U.S. government’s creation of a Strategic Bitcoin Reserve (SBR) is a landmark moment for Bitcoin’s institutional recognition, according to a new report by H.C. Wainwright.
Analysts Kevin Dede and Michael Donovan called the move a “historic endorsement” that cements Bitcoin’s status as a sovereign-grade asset, similar to gold. By holding confiscated Bitcoin instead of selling it, the U.S. is signaling long-term confidence in its value.
President Donald Trump has ordered the Treasury and Commerce Departments to manage and expand the Bitcoin reserve using budget-neutral methods, ensuring taxpayer funds are not used for purchases. This strategic accumulation mirrors traditional reserve asset policies, reinforcing Bitcoin’s legitimacy in global finance.
The move follows Texas’ SB-21, a law allowing the state to invest public funds in Bitcoin. If other states follow suit, Bitcoin could become a standard reserve asset at multiple levels of government, the report suggests.
H.C. Wainwright also highlighted Bitcoin’s scarcity, global liquidity, and resistance to monetary debasement, stating that these factors position it as a direct competitor to gold, which holds a $20 trillion market cap.
The firm expects the U.S. Bitcoin Reserve to encourage greater institutional adoption, with nations, corporations, and pension funds likely increasing their exposure to digital assets in response.
