Establishing strategic reserves clearly goes against the spirit of decentralization in cryptocurrency.
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Analysis: How to Understand Trump's Signed 'No Purchase, Only Hold' Strategic Bitcoin Reserve?
Author | Alex Xu
Just tweeted by crypto and AI czar David Sacks, stating that Trump signed an executive order to establish a Strategic Bitcoin Reserve, the main content is:
1. The reserve is based on the existing BTC controlled by the federal government, and any subsequently confiscated BTC will also enter this reserve.
2. These BTC will not be sold (at least during Trump's term).
3. The government will not create a separate budget (meaning 'budget-neutral' as stated in the original text) to purchase BTC.
4. Trump has fulfilled his promise.
Tweet link:
Just tweeted by crypto and AI czar David Sacks, stating that Trump signed an executive order to establish a Strategic Bitcoin Reserve, the main content is:
1. The reserve is based on the existing BTC controlled by the federal government, and any subsequently confiscated BTC will also enter this reserve.
2. These BTC will not be sold (at least during Trump's term).
3. The government will not create a separate budget (meaning 'budget-neutral' as stated in the original text) to purchase BTC.
4. Trump has fulfilled his promise.
Tweet link:
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