The future of financial strategy and cryptocurrency came into focus as Roundtable anchor, Rob Nelson, discussed the feasibility of a strategic reserve fund proposed by Trump and the trajectory of bitcoin with Steve Gutterman, CEO of Gryphon Digital Mining .
The conversation delved into the practical timeline for implementing such a fund and bitcoin's volatile climb to $100,000.
"It could happen quickly," said Steve Gutterman, referring to the establishment of a strategic reserve fund. "We're not talking years. It could really happen in year one." His perspective underscored the potential speed with which such a policy could materialize, dependent on executive decisions and implementation logistics.
Shifting to bitcoin, Rob Nelson remarked on its recent price fluctuations, asking, "What do you think happens when you watch that cycle? Does it just bounce around in the mid-nineties and then push itself back up over a $100,000 in a month?"
Gutterman shared a bullish outlook on bitcoin’s future, saying, "I definitely think it's going above $100,000. For all the reasons that we talked about. There is continued widespread acceptance, and I think there's going to be significant holders of it moving forward."
He also tempered expectations by noting the inevitability of price dips, advising, "There will be dips and there will be deep valleys. There always have been. It's just we're looking for an overall positive trend."
Bitcoin investor and author of the Big Bitcoin Book, Fred Krueger predicted a similar spike in volatility for Bitcoin's price on Coinage while saying he could see the crypto maintaining a march well above $100,000. "This thing is going so much higher," he said.
Rob Nelson highlighted bitcoin's appeal to newer investors, recounting a family member's hesitation to invest. He pointed out the natural fluctuations, emphasizing that "The reality is the fluctuation is small. I mean $99,000 to $96,000; I think that's to be expected."