#BitcoinPolicyShift

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.

The statement also emphasised that the government will retain its existing 200,000 bitcoin holdings as a store of value:“ The US will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value,”