In-depth interpretation of Trump's new policy, digital gold strategy restarts

Trump has just signed an executive order to formally establish a strategic Bitcoin reserve. According to reports, this order will rely on approximately 200,000 Bitcoins obtained by the federal government through criminal or civil forfeiture procedures as capital, and the government promises not to sell these Bitcoins or use taxpayer funds to purchase additional ones.

From a market perspective, this news has triggered a 'sell the news' effect in the short term, leading to a brief drop in Bitcoin prices. Many investors in the cryptocurrency space had originally expected the government to actively enter the market to buy, thus boosting market demand, but the 'hold and not buy' policy has dampened market sentiment. While short-term volatility is indeed disappointing, in the long run, this initiative reflects the government's strategic layout regarding digital assets and its determination to enhance regulatory transparency.

Xiao Huan believes that this executive order brings a positive signal to the digital asset industry to some extent: on one hand, a comprehensive audit and management of government-held assets can increase market transparency and confidence; on the other hand, emphasizing 'not spending a dime of taxpayer money' also helps avoid public fund risks and prevents unnecessary interventions caused by policies. Although the market reacted sharply in the short term, in the long run, this robust regulatory framework will help establish a 'digital Fort Knox,' providing a stronger backing for mainstream cryptocurrencies like Bitcoin.

Overall, although there is a gap between expectations and reality at the time of policy implementation, this move may encourage institutional investors to pay more attention to and participate in the digital asset market. How the market responds in the future will need to be observed as the policy details are further implemented and whether the government will introduce more supporting measures subsequently.

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