Trump supports a plan to create a reserve of Bitcoin (Bitcoin-BTC) worth $23 billion as the price falls below $116,000. Does a price of $110,000$ represent its next station?
The Trump administration has reaffirmed its commitment to establishing a strategic reserve of Bitcoin (Bitcoin-BTC) despite a fleeting mention in its latest official reports on digital assets, with the White House's Director of Digital Assets, Bo Hines, confirming that the plan is underway by stating: “We have the plan, and we are working on executing it.”
Although it has not disclosed its cryptocurrency holdings precisely, the U.S. government currently possesses an estimated 198,000 BTC worth over $23 billion, most of which comes from seized activities carried out by law enforcement agencies.
In this context, Hines pointed out that Bitcoin (Bitcoin) “is considered an asset class in its own right,” explaining that the necessary infrastructure to manage these reserves will be launched “soon,” representing a significant shift in U.S. policies regarding digital assets and indicating institutional confidence in the sustainable value of the currency as a sovereign asset. In this regard, the White House has called for enhanced regulatory cooperation between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to accelerate the adoption of digital assets.
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