#TrumpBTCTreasury Trump signs an executive order to create a "strategic reserve" of cryptocurrencies

The President of the United States, Donald Trump, signed an executive order to establish a "strategic reserve" of cryptocurrencies that includes Bitcoin, the strongest digital currency currently, valued at nearly $90,000 per unit.

This reserve will be capitalized with Bitcoins owned by the federal government that were seized as part of criminal or civil assets, said the White House's "cryptocurrency czar," billionaire David Sacks.

"This means it won't cost taxpayers a dime," Sacks assured on X.

It is unclear how this reserve will function or how it will benefit Americans.