According to Miles Deutscher, America holds approximately 200K $BTC, making it the leading country in BTC reserve holdings. Trump has shown interest in maintaining this lead over China by focusing on crypto innovation.

According to @justinsuntron, the president's choice to use Wrapped Bitcoin (WBTC) for BTC reserves instead of Coinbase or CBBTC is a strategic move to ensure asset security. The reliance on Coinbase's lack of Proof of Reserves (PoR) could lead to risks of asset freezing or confiscation, highlighting the importance of maintaining control over one's own keys in cryptocurrency trading.