Rumors are circulating that Trump could announce a U.S. Bitcoin strategic reserve, already causing significant buzz in the crypto community.

Former US President Donald Trump is set to deliver a keynote speech at next week’s 2024 Bitcoin Conference in Nashville.

Rumors circulating on social media suggest that Trump might announce Bitcoin (BTC) as a strategic reserve asset for the United States during the talk. These speculations stem from Dennis Porter, co-founder of Satoshi Act, who claims credible sources confirm Trump’s intentions.

Bitcoin being a reserve asset is not a new concept. Bitcoin-friendly politicians like former presidential candidate Vivek Ramaswamy have long advocated for it, according to Bitcoin Magazine.

Ramaswamy proposed backing the US dollar with a basket of …