Creating a strategic cryptocurrency reserve in the United States could boost Bitcoin’s (BTC) market capitalization by roughly 25%, or approximately $460 billion, according to an analysis by Sygnum Bank shared with Cointelegraph. 

US President Donald Trump’s plans for a national crypto stockpile, along with similar proposals across dozens of US states, could trigger a multibillion-dollar buying spree with a 20x multiplier effect on Bitcoin’s price, according to Sygnum, a crypto asset manager.

“Because the liquid supply of bitcoin is very small […] larger inflows cause upward price shocks,” Katalin Tischhauser, Sygnum’s research head, told Cointelegraph. 

Tischhauser added that federal or state government Bitcoin buying would…