The Strategic Bitcoin Reserve Is Closer Than Ever to Being Signed Into Law. Is Bitcoin About to Soar in Value?

Sources broadly point to improving long-term sentiment for Bitcoin, driven by expectations that a U.S. Strategic Bitcoin Reserve could soon become law and by Fidelity’s Jurrien Timmer calling for a renewed bull market with a potential $300,000 price by 2029. However, Bitcoin’s share of total crypto-market value has fallen below 60%, a historical signal that capital may be rotating into altcoins rather than confirming an immediate Bitcoin breakout. A reserve law could strengthen institutional and sovereign demand, but its passage, implementation, and timing remain uncertain, so near-term price gains are not assured.