Odaily reports that the cryptocurrency research firm CoinShares stated in a blog post on January 10 that the establishment of a reserve bank in the US will accelerate the adoption of , even faster than the launch of an exchange-traded fund (ETF) in 2024. In 2024, US lawmakers proposed the , which will instruct the US Treasury to purchase 1 million within 5 years to establish a "strategic reserve". President-elect Donald Trump approved the plan, but it has not yet become law. CoinShares said: "We believe that the enactment of the US will have a more profound long-term impact on than the launch of an ETF." CoinShares said that "multiple interactions with institutional clients" have shown that the "credibility" of as an asset class remains the main barrier to institutional adoption of . Blockstream co-founder and CEO Adam Back said that the will further accelerate this process, ultimately pushing the spot price of to over $1 million per coin.