🚀 Trump signs an executive order to create a strategic reserve for Bitcoin: A step towards digital leadership?
📆 Today is the seventh day of the blessed Ramadan, and on this occasion, we congratulate you all on a month filled with goodness and blessings. Amid this holy month, news from the United States brings an update that could bring a transformation to the cryptocurrency landscape.
📰 Trump establishes a strategic reserve for Bitcoin
In an unprecedented move, U.S. President Donald Trump signed an executive order on Thursday to create a strategic reserve for Bitcoin, funded by Bitcoins seized in criminal or civil cases. This reserve aims to store Bitcoin as a long-term value, similar to the role of a digital "Fort Knox," without selling any of these assets.
The U.S. government's holdings are currently estimated at around 200,000 Bitcoins, and with this step, the administration aims to enhance the United States' position in the field of digital currencies.
💬 Trump's statements about cryptocurrencies
This step was not entirely surprising, as Trump had previously expressed his strong support for the digital assets sector, pledging to make the United States the "global capital of crypto" if elected. In September 2024, he warned that "the crypto community will face hell" if he loses the election, criticizing the Securities and Exchange Commission's (SEC) approach to this sector.
🤔 What does this step mean for the future of cryptocurrencies?
This step is considered an enhancement of Bitcoin's status as a strategic asset and may prompt other countries to consider adopting similar policies. It may also increase institutional investors' confidence in the cryptocurrency market, which could contribute to long-term market stability.
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📿 Prayer of the Day: O Allah, grant us understanding and knowledge that benefits us, and bless us in our provisions and our deeds. 🤲