Woo has warned that building a strategic Bitcoin Reserve for the U.S. is not easy in terms of approval and execution. Therefore, it may take up to two years to start.
If it is approved, Willy Woo continued, then, he stated, nothing of that scale would happen immediately. The trader believes that it would take from six to twenty-four months for the U.S. government to only “execute on BTC stacking.” Still, Woo reckons that the markets would begin to react earlier and “start a process of speculative front running.” The original plan said that U.S. would buy 200,000 BTC every 12 months within the next five years.
That was a forecast slightly lower than the one he made twice in December. Back then, Kiyosaki stated that he expected Bitcoin to spike as high as $350,000 in 2025. Still, that was the maximum price level in his prediction. The minimum one was $175,000 per Bitcoin.
Currently, Bitcoin has shed some of its recent gains and is trading at $102,650.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
