$BTC President Donald Trump has signed an executive order to establish a strategic reserve for Bitcoin, making the US one of the few countries in the world to create a national stockpile of blockchain assets.

The reserve will hold cryptocurrency forfeited to the federal government as part of criminal or civil proceedings, White House AI and crypto tsar David Sacks said in a post on X.

The US will not sell any Bitcoin deposited in the reserve, said Sacks, and will instead keep it as an asset.

Trump - who just four years ago said Bitcoin "seems like a scam" - now says he plans to make the US "the Crypto Capital of the World".