🔥 Trump has just signed an executive order to create an American strategic reserve for Bitcoin. Bitcoin is reacting negatively, and the reason is clear.
🔥 President Donald Trump signed an executive order to create an American strategic reserve for Bitcoin. This reserve will use Bitcoin acquired through government asset seizure actions, ensuring that taxpayers do not bear any additional burden.
🔥 Bitcoin will be held in the reserve as a store of value and will not be sold. Previous early sales of Bitcoin have cost taxpayers over $17 billion.
🔥 The Departments of Treasury and Commerce are allowed to devise strategies to acquire more Bitcoin without increasing taxpayer expenses.
🔥 Additionally, the order establishes the American digital reserve to manage other digital assets held by the government.
🔥 It is estimated that the U.S. government holds about 200,000 Bitcoins, and the order mandates a comprehensive audit of these holdings.
