#BitcoinPolicyShift
$BTC
BTCUSDT
88,346.4
-3.14%
Markets disappointed by Trump’s order
Despite initial anticipation, the announcement failed to provide Bitcoin with a significant boost. Bitcoin’s price fell from above $90,000 (€83,290) to about $84,600 (€78,300) initially before rebounding to around $87,000 (€80,520) at 5 am CET.
The order disappointed crypto enthusiasts as Sacks said in the post that the Reserve would be capitalised with Bitcoin owned by the federal government from criminal and civil forfeiture cases, and taxpayer money would not be used to acquire cryptocurrencies. “The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings,” he stated.
