Satoshi Action Fund Open-Sources Strategic Bitcoin Reserve Model, Sparks Talk of Executive Order
Dennis Porter, CEO and co-founder of the Satoshi Action Fund, has announced the release of an open-source Strategic Bitcoin Reserve model aimed at guiding lawmakers globally in drafting Bitcoin-linked policies. The initiative has already garnered significant attention, with several legislators reportedly moving to adopt the framework. Porter also hinted at the possibility of an executive order in the U.S. to implement such a reserve at the federal level.
Strategic Bitcoin Reserve Model Goes Global
The Satoshi Action Fund specializes in advising policymakers on Bitcoin-related strategies. Its newly released model outlines a comprehensive approach for implementing a Strategic Bitcoin Reserve, focusing on combating inflation and safeguarding financial resources.
The document recommends that states allocate up to 10% of their total public funds to Bitcoin investments, ensuring a measured yet impactful adoption of the digital asset. According to the model, this benchmark aims to balance innovation with fiscal prudence, helping governments prepare for economic challenges.
In a statement following the release, Porter revealed that several lawmakers had already expressed support for the model, signaling their intention to pass related legislation. The model is not limited to the U.S.; it has inspired discussions among international policymakers. For example, Slawomir Mentzen, a Polish presidential candidate, endorsed the concept, pledging to transform Poland into a crypto-friendly haven with low taxes and supportive banking regulations if elected.
U.S. Eyes Executive Action for Bitcoin Reserve
In the United States, momentum for a Strategic Bitcoin Reserve could come directly from the federal government. Porter hinted that President-elect Donald Trump might be considering an Executive Order to establish a national Bitcoin reserve, potentially outpacing individual states that are preparing to legislate similar initiatives.
“I’ve heard that the Trump team is considering an Executive Order for a National ‘Strategic Bitcoin Reserve’ in order to beat any state from passing it into law first,” Porter stated.
Such an order would represent a significant shift in U.S. policy, signaling an embrace of Bitcoin as a strategic financial asset. This aligns with broader trends of increasing institutional interest in cryptocurrency, driven by concerns over inflation and the long-term sustainability of fiat currencies.
Global Adoption Accelerates
The open-source nature of the Strategic Bitcoin Reserve model has also facilitated discussions in other countries. Porter noted ongoing collaborations with lawmakers from five nations, each exploring how to incorporate Bitcoin into their economic strategies.
Countries considering such reserves are drawn by Bitcoin’s decentralized nature, resistance to inflationary pressures, and potential as a hedge against global economic instability. If implemented widely, these reserves could establish Bitcoin as a critical asset class in sovereign financial portfolios.
The Road Ahead
The open-sourcing of the Strategic Bitcoin Reserve model marks a pivotal moment for Bitcoin’s integration into public financial policy. Whether through legislation or executive action, the model provides a framework for governments to adopt Bitcoin responsibly, potentially transforming the role of digital assets in national and international finance.
As governments worldwide explore the potential of Bitcoin reserves, the initiative positions the Satoshi Action Fund as a key player in shaping the future of Bitcoin-linked policies.
