#BitcoinPolicyShift Investors are disappointed that the US government has no plans to buy more BTC but only to store the existing amount, estimated at around 200,000 Bitcoins.
On the morning of March 7, 2025 (Vietnam time), Mr. David Sacks - Crypto and AI Policy Advisor to the US President - announced on X that Mr. Trump had just signed an executive order to establish a National Strategic Bitcoin Reserve Fund.
However, contrary to initial expectations, the market reacted negatively to this decree. About an hour after the announcement, the price of Bitcoin plummeted from 91,000 USD to as low as below 85,000 USD. However, by 9:30 AM the same day, BTC had slightly risen above 86,000 USD.