Driving news: President Donald Trump signed up an executive order To create a strategic bitcoin reserve. The Trump government aims to position the United States before the crypto scene.
Trump thinks that a strategic Bitcoin reserve Inflation and assistance can be resolved Keep the global dominance of America.
Executive Order noted:
- “As a result of its lack and security, Bitcoin is often referred to as” digital gold “.
- Because there is a fixed BTC supply, there is a strategic advantage over being among the first countries to create a strategic bitcoin reserve.
Why is this important: This step indicates a well -known move to the US financial approach, recognizing the potential of Bitcoin as a “digital gold” and aims to use its value for the national economic strength.
Between lines: The reserve was funded by Bitcoin which was seized in criminal and civilian proceedings. This will ensure that there is no further burden on taxpayers.
The Executive Order also regulates the creation of a United States digital asset stockpile for other cryptos, including Ethereum, Ripple, Solana, and Cardano.
- They say:
David Sacks, White House AI and Crypto Czar: “This initiative is similar to the establishment of a digital Fort Knox, which gains the future of our country’s finances.” - Data is smart: The US government is currently holding around 200,000 BTC, especially from assets.
The bottom line: The establishment of a strategic Bitcoin Reserve officer incorporates crypto in the national financial approach, reflecting the growing importance of Bitcoin and other cryptocurrencies in the global economy.
Also Read: Trump associated with Bitcoin ETF can be the first investment vehicle tied to a US president
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