On March 6, 2025, Trump signed an executive order to establish a U.S. strategic Bitcoin reserve, utilizing approximately 200,000 Bitcoins (about 1% of the total supply) held by the government as a store of value asset, with a commitment never to sell, in order to combat inflation and national debt issues. This move fulfilled his campaign promise, aiming to make the U.S. the 'global cryptocurrency capital.' Trump also promoted pro-crypto policies, including appointing crypto-supportive officials and easing regulations, sparking a market frenzy where Bitcoin's price briefly exceeded $100,000. However, the executive order did not clarify plans for reserves of other crypto assets, leading to market volatility and a decline in Bitcoin's price of about 5%. This move sparked controversy, with critics citing conflicts of interest and concerns that regulatory looseness could lead to market risks. The Trump family profited nearly $100 million through the $TRUMP meme coin, while retail investors lost over $2 billion.