Earlier this year, Donald Trump announced the formation of a U.S. Bitcoin strategic reserve, where the government would build its own stash of the token.

Now, a new bill, called H.R. 1566 , has been passed which sets a 90-day deadline for the Treasury Department to come up with a plan to create and manage this fund.

The Treasury will need to submit a practicability report and a technical plan for custody and cybersecurity.

It will also have to work out how this reserve will be represented on the federal balance sheet, the role of the Forfeiture Fund, and a list of potential third-party custodians.

Even a modest U.S. Bitcoin Reserve could trigger a supply shock, pushing $BTC to new highs in the next few years.

Read on as we explain the impacts of the reserve on Bitcoin’s demand-suppl

See Full Page