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, promising never to sell them, 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 pushed for pro-crypto policies, including appointing officials supportive of cryptocurrency and easing regulations, which sparked a market frenzy, causing Bitcoin prices to briefly exceed $100,000. However, the executive order did not clarify plans for reserves of other crypto assets, leading to market volatility and a roughly 5% drop in Bitcoin prices. This move sparked controversy, with critics citing potential conflicts of interest and concerns that regulatory loosening could lead to market risks. The Trump family profited nearly $100 million through the $TRUMP meme coin, while retail investors lost over $2 billion.