Sygnum analyst: U.S. BTC reserves could trigger demand shock

Sygnum’s head of investment research, Katalin Tischhauser, told The Block that a U.S. Strategic Bitcoin Reserve could trigger a demand shock, with each $1 billion purchase potentially increasing Bitcoin’s market cap by $20 billion. Tischhauser attributed the effect to limited liquidity and increasing demand from state and local governments, institutional investors and corporate treasuries. She noted that past inflows in 2024 support the projection and suggested that central bank involvement could drive even larger surges.