唐华斑竹
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The market greets Trump's executive order to establish a strategic Bitcoin reserve with a large bearish candle?!
Trump has signed an executive order to establish a strategic Bitcoin reserve, but why did BTC still drop with a bearish candle? Why hasn’t the explosive rise started yet? Perhaps it’s because Trump is only using the existing Bitcoin held by the government to establish the strategic reserve and hasn't stated that he will buy BTC for reserves, meaning there won't be a pump. However, once it becomes a strategic reserve, theoretically the US should not sell these Bitcoins to crash the market, which should be a good thing, right? It’s a bit puzzling that it seems state governments still need approval from both houses of Congress when approving Bitcoin strategic reserves, but why doesn’t the federal government need that? Trump can directly issue an executive order to establish it? The laws in the US really make one’s head spin.
On March 7, David Sacks, the White House AI and cryptocurrency director, posted on social media, "Just a few minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will use Bitcoins owned by the federal government as capital, which are part of criminal or civil asset forfeiture procedures. This means it won't cost taxpayers a dime.
It is estimated that the US government owns about 200,000 Bitcoins; however, a complete audit has never been conducted. The executive order requires a comprehensive accounting of the federal government's digital asset holdings. The US will not sell any Bitcoin deposited into the reserve. It will be retained as a means of value storage. For cryptocurrency, commonly referred to as 'digital gold', the reserve is like digital Fort Knox.
Additionally, the executive order also establishes a US digital asset reserve, which includes digital assets other than Bitcoins seized in criminal or civil proceedings. Aside from assets obtained through forfeiture procedures, the government will not acquire other assets for the reserve. The purpose of the reserve is to be responsible for managing government digital assets under the leadership of the Treasury Department."
How can it possibly drop? After waiting so long, the US strategic reserve has finally arrived, and there’s a White House crypto summit to be held early tomorrow morning. Why did it drop with a bearish candle? Could this be a deep squat before the jump? Should we buy the dip now? Who can analyze this? $BTC
#美国加密战略储备 #白宫首届加密货币峰会
Trump has signed an executive order to establish a strategic Bitcoin reserve, but why did BTC still drop with a bearish candle? Why hasn’t the explosive rise started yet? Perhaps it’s because Trump is only using the existing Bitcoin held by the government to establish the strategic reserve and hasn't stated that he will buy BTC for reserves, meaning there won't be a pump. However, once it becomes a strategic reserve, theoretically the US should not sell these Bitcoins to crash the market, which should be a good thing, right? It’s a bit puzzling that it seems state governments still need approval from both houses of Congress when approving Bitcoin strategic reserves, but why doesn’t the federal government need that? Trump can directly issue an executive order to establish it? The laws in the US really make one’s head spin.
On March 7, David Sacks, the White House AI and cryptocurrency director, posted on social media, "Just a few minutes ago, President Trump signed an executive order to establish a strategic Bitcoin reserve. This reserve will use Bitcoins owned by the federal government as capital, which are part of criminal or civil asset forfeiture procedures. This means it won't cost taxpayers a dime.
It is estimated that the US government owns about 200,000 Bitcoins; however, a complete audit has never been conducted. The executive order requires a comprehensive accounting of the federal government's digital asset holdings. The US will not sell any Bitcoin deposited into the reserve. It will be retained as a means of value storage. For cryptocurrency, commonly referred to as 'digital gold', the reserve is like digital Fort Knox.
Additionally, the executive order also establishes a US digital asset reserve, which includes digital assets other than Bitcoins seized in criminal or civil proceedings. Aside from assets obtained through forfeiture procedures, the government will not acquire other assets for the reserve. The purpose of the reserve is to be responsible for managing government digital assets under the leadership of the Treasury Department."
How can it possibly drop? After waiting so long, the US strategic reserve has finally arrived, and there’s a White House crypto summit to be held early tomorrow morning. Why did it drop with a bearish candle? Could this be a deep squat before the jump? Should we buy the dip now? Who can analyze this? $BTC
#美国加密战略储备 #白宫首届加密货币峰会
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