US President Donald Trump has signed an executive order to establish a strategic bitcoin reserve and a separate digital asset reserve. Zach Pandl, head of research at Grayscale Investments, believes that bitcoin does not need a strategic reserve in the United States to appreciate further this year. He expects the price of bitcoin to be pushed higher as adoption increases, and bitcoin will start to play a role as a store of value this year, especially amid concerns that Trump's tariff policy may cause inflation to heat up again.