#BitcoinPolicyShift

[3/7, 10:49 PM] Trump just signed an executive order establishing the #bitcoin strategic reserve, but instead of prices skyrocketing, we're seeing a sell-off. This is a classic case of "buy the rumor, sell the news" - investors bought in anticipation of the announcement, but now that it's happened, they're selling ¹.

Here's the thing: the executive order doesn't mention any additional bitcoin purchases. The Strategic Bitcoin Reserve will be composed of the approximately 200,000 BTC already held by the US government, which was obtained through forfeiture proceedings ² ³.

The reserve will be treated as a store of value, and the government won't sell any bitcoin deposited into it. Instead, it'll be kept as a strategic asset, similar to a "digital Fort Knox" ⁴.

The announcement also mentions the creation of a US Digital Asset Stockpile, which will hold other digital assets obtained through forfeiture. However, there are no plans to actively acquire additional digital assets beyond those already seized ³.

[3/7, 10:49 PM] Meta AI: Trump just signed an executive order establishing the #bitcoin strategic reserve, but instead of prices skyrocketing, we're seeing a sell-off. This is a classic case of "buy the rumor, sell the news" - investors bought in anticipation of the announcement, but now that it's happened, they're selling ¹.

Here's the thing: the executive order doesn't mention any additional bitcoin purchases. The Strategic Bitcoin Reserve will be composed of the approximately 200,000 BTC already held by the US government, which was obtained through forfeiture proceedings ² ³.

The reserve will be treated as a store of value, and the government won't sell any bitcoin deposited into it. Instead, it'll be kept as a strategic asset, similar to a "digital Fort Knox" ⁴.

The announcement also mentions the creation of a US Digital Asset Stockpile, which will hold other digital assets obtained through forfeiture. However, there are no plans to actively acquire additional digital assets beyond those already seized ³.$BTC $ETH