A Bitcoin strategic reserve will not be created in 2025
Trump will either not attempt to create a Bitcoin strategic reserve, or he will be blocked somewhere else. Either way, I don't think this will happen in 2025.
As a result, the Bitcoin price will drop, probably with support around the $70,000 area. Following the general historical pattern of a sound money emerging on the market, this will be a "temporary" slump and the price will return to and surpass current levels over the longer run (3-4 years).
That said... If a strategic reserve does get created: The Bitcoin price will skyrocket to multiple hundreds of thousands of dollars or more; other countries (potentially just the non-BRICS-countries) will follow.