An analyst at one of the largest crypto asset managers believes the United States will establish some form of strategic Bitcoin (BTC) book next year.

Matthew Sigel, head of digital assets research at VanEck, said in a new interview with Natalie Brunell, however, the reserve might not be generated by congressional legislation.

“I think it will more likely be an executive action to reclassify the approximately 200,000 Bitcoins that the US government already owns, having been seized in crimes or other events, and simply call it a reserve of Bitcoin and to commit not to sell them.

Our prediction for next year is that there will either be a national Bitcoin reserve like what I just described, or one or more states will adopt their own, and I think the most likely candidates for this are Pennsylvania, Florida or Texas.”

In July, Republican Sen. Cynthia Lummis of Wyoming said she would announce a bill to establish a BTC reserve as a way to guarantee the value of the US dollar amid record national debt. The legislation would require the US government to accumulate one million BTC, or 5% of the total BTC supply over five years.

During this year’s election campaign, President-elect Donald Trump promised that the United States would stop selling its seized Bitcoin hoard on the open market and instead hold the asset strategically as an investment.

Earlier this month, a member of the Texas House of Representatives propose new legislation that would allow the Lone Star State to establish a strategic Bitcoin reserve within its treasury.

The decentralized betting platform Polymarket currently assess the chances that Trump will create a 41% Bitcoin reserve in his first 100 days in office.

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