How Trump Can Skyrocket Bitcoin Adoption

Bitcoin activist and entrepreneur Anthony Pompliano shares his vision of how US President Donald Trump will play a critical role in boosting Bitcoin's mainstream adoption and value.

In a short video on X, Trump laid out three key steps Trump could take to dramatically increase Bitcoin's place in the US economy.

3 Ways Donald Trump Can Help Bitcoin Soar

The first change Pompliano requested was the repeal of the controversial accounting law known as SAB-121. This law currently requires banks to hold digital assets such as Bitcoin as liabilities on their balance sheets.

“If you're a bank, you don't want to hold an asset that's considered a liability,” Pompliano explained.

Removing this rule will encourage banks to hold Bitcoin, making the asset safer and more attractive for institutional investment.

Pompliano's second proposal is to create a national bitcoin strategic reserve.

“The U.S. government is going to hold more bitcoin,” he said, referring to the $200,000 already held on the federal balance sheet.

He suggested that the US should buy more bitcoins as a long-term economic asset.

“It's good for the U.S. economy in the long run for the U.S. to have more bitcoins,” he added.

Pompliano emphasized the benefits of Bitcoin to individuals, corporations and, by extension, the nation itself. Interestingly, there is now a growing international debate around BTC's role as a national reserve currency. In fact, 13 US states are reportedly moving forward with Bitcoin reserve plans.

Finally, Pompliano recommended changes to Bitcoin's tax treatment. Bitcoin is currently classified as an asset, meaning it triggers capital gains tax when used to buy goods or services, a treatment it sees as unfair.

“That's crazy, you don't do that with dollars,” Pompliano said.

Instead, he proposed treating bitcoin like any other currency, with transactions not subject to capital gains tax. This makes it more practical for daily use.

“If Trump does these three things, all of a sudden Bitcoin will go up a lot,” Pompliano said.

The recommendations reflect a broader push for a clearer regulatory framework that could boost Bitcoin's growth. By repealing SAB-121, establishing a strategic reserve, and changing tax treatment, Pompliano believes bitcoin could see higher activity.

Pompiano comments that the crypto community is looking forward to the first “Crypto Ball” scheduled for Friday, January 17. Although Trump himself is not expected to attend, crypto czar David Sachs will host the inaugural ball.

Trump is also expected to sign a major pro-crypto executive order on his first day in office.