The pace of implementing the U.S. Bitcoin Strategic Reserve Act is quicker than market expectations

This shows that government officials are acting swiftly to establish a Bitcoin reserve. “The administration is ‘moving at the speed of tech’ and ‘acting with urgency,”

President Donald Trump’s administration is moving faster than market anticipations in setting up the U.S. Bitcoin Strategic Reserve Act, according to Bitcoin Magazine CEO David Bailey.

As reported by Bailey via X, the timeline is in days and weeks, not months or years, showcasing government officials working quickly to establish a Bitcoin reserve.

“The administration is ‘moving at the speed of tech’ and ‘acting with urgency,” Bailey wrote.

This development comes after President Trump signed an executive order for crypto last week. The signing officially introduces the U.S. Crypto Reserve, encompassing a Bitcoin-only reserve and a national altcoin stockpile.

President Trump's executive order unveils a long-term strategy for integrating Bitcoin and other cryptocurrencies into the national financial system.

This reserve will not utilize taxpayer funding, as it will be powered by nearly 200,000 BTC the U.S. government has acquired through criminal forfeiture. At present values, this BTC portion is estimated at $17 billion.

The plan instructs Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to explore budget-neutral methods for expanding the nation’s Bitcoin reserves without using taxpayer money. One suggestion on the table involves selling a portion of the U.S. gold reserves to increase the nation's Bitcoin holdings.

Beyond the Bitcoin reserve, the executive order also enforces the creation of a national stockpile for altcoins. This reserve will concentrate on Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA), which President Trump had previously mentioned in a speech.

The U.S. government currently possesses 56,355 ETH, valued at approximately $120.96 million, along with additional holdings in various altcoins and stablecoins. While the government does not yet own XRP, Solana, or Cardano, discussions are underway to convert some of its existing altcoin holdings into these cryptocurrencies.

The faster timeline could affect Bitcoin's market dynamics, potentially boosting institutional demand. Bitcoin is trading at $81,659, showing a 1.6% increase over the past day, thus decreasing its weekly loss to 6.2%.

Meanwhile, XRP has also experienced a 2.6% rise over the same period, while Solana, Ethereum, and Cardano's prices have seen a minimal decline, continuing their downward trend.