US may ramp up crypto reserves soon — David Sachs

In March, Bitcoin hit an all-time high before retreating to a key support level of $100,000. American entrepreneur David Sachs says that although the token has struggled lately, traders believe a recovery is likely, partly due to expected hikes in US government crypto holdings.

According to Sachs, President Trump's March executive order paved the way for strategic crypto reserves, enabling the seizure of digital assets tied to unlawful activities. Reports from Yahoo Finance indicate these holdings now include roughly 200,000 BTC.

The business leader further suggested that American authorities might continue growing their crypto reserves via budget-neutral strategies.

In June, the US Senate rolled out new stablecoin regulations, marking a shift toward stronger crypto oversight. Sachs believes this regulatory clarity could restore market confidence and potentially boost Bitcoin demand.