The Beginning of a New Crypto Era?
Today marks a milestone in the financial history of the U.S.: the Department of the Treasury must present its report on the creation and management of the Strategic Bitcoin Reserve (SBR), in accordance with the executive order signed by President Donald Trump on March 6. This initiative positions the U.S. as the largest state holder of BTC, with approximately 198,000 confiscated bitcoins destined for this reserve.
The SBR is conceived as a permanent national asset, financed at no cost to taxpayers, using bitcoins already in the possession of the government. The executive order prohibits the sale of these assets, aiming to strengthen the position of the U.S. in the realm of digital assets.
Although the market has shown a moderate reaction, with BTC fluctuating between $77,000 and $87,000 in April before recovering to $95,600, analysts suggest that this measure could boost long-term institutional adoption. Investor's Business Daily
This strategic move could be the catalyst for other nations to consider similar reserves, marking the beginning of a new era in the adoption of cryptocurrencies at the governmental level.
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