Trump, once skeptical Crypto, establishes a bitcoin reserve

• US President Donald Trump has signed an executive decree for a strategic bitcoin reserve and a stock of digital assets.
• The reserve would use bitcoin and other digital assets of federal asset confiscation procedures.
• Trump’s movement contrasts with his past crypto skepticism.

President Donald Trump has signed a decree for a Bitcoin strategic reserve and a stock of digital assets.

The Bitcoin reserve would be funded by bitcoin belonging to the federal government which was lost in the context of the criminal or civil asset procedure, according to the executive decree on Thursday.

The news was announced for the first time on X by the entrepreneur David Sacks, which is artificial intelligence and Tsar Crypto in the White House. He said that because of how the reserve is funded, creating it “will not cost taxpayers a penny”.

Treasury and trade secretaries can develop “neutral” strategies to acquire additional bitcoin – as long as there are no additional costs on American taxpayers, according to the decree.

“Because there is a fixed BTC supply, there is a strategic advantage to be among the First Nations to create a strategic bitcoin reserve”, according to the decree.

He added that the US government is currently holding a “significant” amount of Bitcoin, but has not implemented policy to maximize the “strategic position of cryptocurrency as a single value store” in the global financial system.

“As in the interest of our country to carefully manage national property and control of any other resource, our nation must exploit, and not limit, the power of digital assets for our prosperity,” he added.

The White House added in a information sheet that premature sales of Bitcoin “cost taxpayers more than $ 17 billion”.

“Take affirmative measures to centralize the property, control and management of these assets within the federal government will ensure appropriate surveillance, precise monitoring and a coherent approach to manage the assets of government cryptocurrency,” he added.

Sacks said the US government has around 200,000 bitcoins.

“The reserve is like a strong digital Knox for cryptocurrency often called” digital gold “,” wrote Sacks.

The United States will also establish a stock of digital assets made up of other digital assets belonging to the Treasury Department which have been confiscated in the confiscation of criminal or civil assets, according to the decree. Nor is it planned to acquire additional assets beyond those of the confiscation procedure.

Bitcoin sold after the news, because the market hoped for large -scale government purchases, wrote Dilin Wu, a research strategist at Peppperstone, a brokerage house based in Australia on Friday.

Bitcoin was negotiated about $ 88,000 to 3:41 HE, which was 0.2% down over 1 hour and 3.8% down over 24 hours.

Cryptocurrency has recently been under pressure on a broader risk of risk. Bitcoin is always higher than on election day, when the price was about $ 68,000.

Despite the sale, it is always a big day for the long -term perspectives of cryptography. This is the first time that a great economy officially recognizes Bitcoin as a strategic reserve asset, creating a precedent for sovereign adoption, Wu wrote in his note.

“Trump’s order to establish a Bitcoin strategic reserve is a moment of watersheds-not for an immediate increase in prices, but for the institutional legitimacy of Bitcoin,” she wrote, qualifying the new policy a structural change.

“When central banks are starting to treat Bitcoin as a reserve asset alongside gold, it is at this time that the re -evaluation of real prices begins,” added Wu.

Before this presidential campaign, Trump took a difficult position on the crypto.

In 2019, he describe Digital assets as “very volatile and based on thin air” and highlighted their role in drug trade.

However, he kissed the crypto in his last presidential campaign and called himself the “president of cryptography”. The new administration ends the Biden era investigations into companies associated with cryptocurrencies, among other measures.