$BTC Bitcoin dropped by 6% right after Donald Trump signed the decree to open the "Strategic Bitcoin Reserve Fund," causing a strong decline in a series of other tokens as well.

"Just a few minutes ago, President Donald Trump signed an executive order to establish the Strategic Bitcoin Reserve Fund," David Sacks, an AI (artificial intelligence) and cryptocurrency expert from the White House, announced on X on the morning of March 7.

Sacks stated that the reserve fund will use Bitcoin (BTC) owned by the federal government, obtained from the process of seizing criminal or civil assets. This means that the U.S. government did not use money to buy more Bitcoin as expected by the community.$BTC