US DETAILED REPORT EXPECTED ON APRIL 5
US President Donald Trump signed a decree on March 7, 2025, to establish a Strategic Bitcoin Reserve and Digital Asset Stock. This step demonstrates the increasing importance the US places on cryptocurrencies. White House AI and Crypto Czar David Sacks stated that this reserve, to be created with Bitcoin held and seized by the federal government, would not impose an additional financial burden on taxpayers.
It is estimated that the US government owns approximately 200,000 Bitcoins. Sacks expressed that these assets would not be sold and that the goal is to maximize their value. Additionally, the Treasury and Commerce Departments were authorized to develop budget-independent strategies to acquire more Bitcoins without creating an additional tax burden.
Following these developments, the price of Bitcoin rose to $92,000 but then declined to levels around $76,000. Currently, the price of Bitcoin is hovering around $83,635. Other cryptocurrencies also experienced similar fluctuations; XRP is trading at $2.14, SOL at $127.38, and ADA at $0.67685.
This strategic move by the US government regarding cryptocurrencies could have significant effects on the markets. Particularly, the detailed report expected to be announced on April 5 will provide more information about the future direction of Bitcoin and other digital assets.
