Trump's National Reserve Released:
1️⃣ Establish a strategic Bitcoin reserve based on seized Bitcoins,
2️⃣ The Commander-in-Chief played a curveball to save the country, without spending a single taxpayer cent, meaning the U.S. cannot acquire more from the market;
3️⃣ Additionally, the executive order states that the U.S. will not sell any Bitcoins deposited into the reserve. They will be kept as a means of value storage.
After the news came out, the inability to purchase Bitcoins from the market caused Bitcoin to drop, falling directly to $85,000 around 9 o'clock;
Related information: President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will use Bitcoins owned by the federal government as capital, which were seized during criminal or civil asset forfeiture proceedings, meaning no purchases will be made from the market;
It is estimated that the U.S. government owns about 200,000 Bitcoins; however, a complete audit has never been conducted. The executive order calls for a comprehensive accounting of the federal government's digital asset holdings. The U.S. will not sell any Bitcoins deposited into the reserve. They will be kept as a means of value storage.
Moreover, this executive order also establishes a U.S. digital asset reserve that includes digital assets other than Bitcoins seized in criminal or civil proceedings. Apart from assets obtained through forfeiture, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury.
1️⃣ Establish a strategic Bitcoin reserve based on seized Bitcoins,
2️⃣ The Commander-in-Chief played a curveball to save the country, without spending a single taxpayer cent, meaning the U.S. cannot acquire more from the market;
3️⃣ Additionally, the executive order states that the U.S. will not sell any Bitcoins deposited into the reserve. They will be kept as a means of value storage.
After the news came out, the inability to purchase Bitcoins from the market caused Bitcoin to drop, falling directly to $85,000 around 9 o'clock;
Related information: President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will use Bitcoins owned by the federal government as capital, which were seized during criminal or civil asset forfeiture proceedings, meaning no purchases will be made from the market;
It is estimated that the U.S. government owns about 200,000 Bitcoins; however, a complete audit has never been conducted. The executive order calls for a comprehensive accounting of the federal government's digital asset holdings. The U.S. will not sell any Bitcoins deposited into the reserve. They will be kept as a means of value storage.
Moreover, this executive order also establishes a U.S. digital asset reserve that includes digital assets other than Bitcoins seized in criminal or civil proceedings. Apart from assets obtained through forfeiture, the government will not acquire other assets for the reserve. The purpose of the reserve is to manage government digital assets under the leadership of the Treasury.