Conduct the news: President Donald Trump has signed An executive order To create a strategic Bitcoin reserve. The Trump government aims to position the United States at the forefront of the cryptographic panorama.
Trump thinks that a strategic Bitcoins reserve could solve inflation and help Maintain the global mastery of the United States. ​
The aforementioned executive order:
- “As a result of its shortage and security, Bitcoin is often known as” digital gold. ”
- Because there is a fixed BTC supply, there is a strategic advantage of being among the first nations to create a strategic Bitcoins reserve.
Why cares: This movement means a notable change in the financial strategy of the United States, recognizing Bitcoin’s potential as a “digital gold” and with the aim of taking advantage of its value for the national economic force. ​
Between the lines: The reserve will be funded by Bitcoin seized in seizures of criminal and civil assets. This will ensure that there is no additional charge for taxpayers.
The executive order also requires the creation of a reserve of digital assets of the United States for other crypts, including Ethereum, Ripple, Solana and Cardano. ​
- What they are saying:
David Sacks, ai from the White House and Crypto Ts: “This initiative is similar to establishing a Digital Fort Knox, ensuring the financial future of our nation.” ​ - Regarding data: Currently, the United States government has around 200,000 BTC, mainly of asset fakes. ​
The final result: The establishment of a strategic Bitcoin reserve integrates cryptography in the national financial strategy, which reflects the growing importance of Bitcoin and other cryptocurrencies in the global economy.
Read also: Bitcoin ETF linked to Trump could become the first investment vehicle linked to a president of the United States
Discharge of responsibility: The information provided in Alexablockchain is only for informative purposes and does not constitute financial advice. Read the discharge of complete responsibility here.
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