PANews reported on March 7 that in response to " Trump signed an executive order to establish a strategic Bitcoin reserve ", Bitwise Chief Investment Officer Matt Hougan commented: "I'm not sure how the market will view this in the short term. But I am sure that in the long run, this is extremely beneficial to Bitcoin."

Update : Bitwise research director Ryan Rasmussen added in a post: "The ultimate goal was never for the US government to buy all the Bitcoin. The US strategic Bitcoin reserve means: other countries will buy Bitcoin, wealth managers have no excuses, financial institutions have no excuses, pension/endowment funds have no excuses, concerns about the US selling Bitcoin disappear, the US may buy more Bitcoin, states are more likely to buy Bitcoin, and the government has zero chance of banning Bitcoin."