Let's talk about the executive order signed by Trump to establish a strategic reserve for Bitcoin. It mainly includes the following points:

1. The existing nearly 200,000 (BTC) will be directly converted into reserves, and any BTC confiscated later will also enter this reserve. However, one point to note is that these approximately 200,000 Bitcoins have not yet been audited, and it’s possible that some of them may need to be returned to others, so they are not entirely government property. Therefore, the final amount that may be included in the reserve could be less than 200,000, and may even be fewer than 100,000.

2. The executive order only governs the government, so Trump’s words carry weight, and the order was passed directly. However, the authority is quite limited; it can only manage the Treasury Department and the Commerce Department, etc. They are also hesitant to use taxpayers' money to purchase Bitcoin, hence the budget-neutral statement, meaning they will not open a separate budget to buy Bitcoin.

3. Budgets need to be approved by Congress, which is a slow and challenging process involving hundreds of people and opposing parties, not everyone will listen to Trump. Additionally, even if it is truly passed, the money may not be readily available. But it is certainly at a higher level than the current executive order.

4. Bitcoin has now upgraded to a national-level reserve asset. Its nature has indeed changed. There is still a positive significance. Many people think this is useless, but that is definitely not the case. The idea of Bitcoin becoming a national strategic reserve was proposed by Trump last year when he was not yet president. After Trump was elected, even before he took office, federal and state legislators began proposing to establish a budgeted Bitcoin reserve. This time, Trump confirmed the reserve asset through an executive order, which will further promote subsequent actions.

5. It is also important to understand that Trump's confirmation and the senator's promotion of the "Bitcoin Strategic Reserve" bill at the federal level are not the same thing. The former can be directly controlled by the government, while the latter requires legislative approval from Congress. The latter aims to buy 1 million Bitcoins in 5 years. The market is more looking forward to the latter, but the former does not negate the latter. Furthermore, various states are currently advancing Bitcoin reserve bills. As for the current situation, the above table has been released, and generally, there has been no voting yet, although two states have already voted to pass one chamber, which will take time. The various state bills and those awaiting votes in Congress are all budgeted; once passed, they will bring in new funds.

Good things take time; we all need to be patient.