#Trump’sExecutiveOrder Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic $BTC Bitcoin Reserve.
The Reserve will be capitalized with $BTC Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.
It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings.
The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called “digital gold.”
Premature sales of $BTC bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies have no incremental costs on American taxpayers.
IN ADDITION, the Executive Order establishes a U.S. Digital Asset Stockpile, consisting of digital assets other than bitcoin forfeited in criminal or civil proceedings.
The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings.
The purpose of the Stockpile is responsible stewardship of the government’s digital assets under the Treasury Department.
PROMISES MADE, PROMISES KEPT#
President Trump promised to create a Strategic Bitcoin Reserve and Digital Asset Stockpile. Those promises have been kept.
This Executive Order underscores President Trump’s commitment to making the U.S. the “crypto capital of the world.”
This week saw mixed moves in US Treasury yields, with the CPI set to be released next week
On February 8th, the yield of U.S. Treasury bonds closed a turbulent week with mixed trends. The tariff threat gave rise to concerns about a short-term increase in inflation and subsequent slowdown in economic growth. Forecasters have been trying to estimate the impact of tariffs on prices. However, the on-and-off approach of the Trump administration has made this task difficult. Next week, January CPI and PPI will be released, with little expected change. Futures markets indicate that the bets on the Fed cutting rates multiple times this year are decreasing. The 10-year Treasury bond yield fell this week, while the 2-year Treasury bond yield rose.
On February 6th, Coindesk analyst Omkar Godbole stated that in an interview this Wednesday, U.S. Treasury Secretary Scott Bennett said that the Trump administration intends to lower the country's borrowing costs by reducing the yield of the 10-year U.S. Treasury bond. A decline in the 10-year yield is generally regarded as beneficial for risk assets such as Bitcoin $BTC . Trump plans to lower the yield by controlling inflation, which may be beneficial to $BTC . However, reducing the budget deficit may not be favorable to risk assets.
European Central Bank Official: Should Always Be Ready to Cut Rates Below Neutral #centralbank #informationuseful On February 6th, as reported by the Financial Times, Eurozone rate-setters are urging economists to stop being overly fixated on the so-called neutral rate. They are warning that in a region that is increasingly being affected by weak growth and global uncertainty, this indicator "does not provide good guidance for borrowing costs." The Chief Economist of the European Central Bank, Lane, said that the ECB should be prepared to lower borrowing costs below neutral levels at any time in order to boost economic growth. "We should not limit our freedom of action due to a theoretical concept," he stated, adding that the ECB should maintain an "open mindset" regarding the final level of rates. (FXStreet)
$BTC Bitcoin and crypto prices have moved sharply lower, diving along with a stock market sell-off sparked by the surging popularity of China-based artificial intelligence app DeepSeek.
The bitcoin price has dropped under $100,000 per bitcoin, down from an all-time high of almost $110,000 ahead of U.S. president Donald Trump's inauguration (despite the chief executive of major bitcoin and crypto exchange Coinbase predicting when the bitcoin price could flip gold's $18 trillion).
"I am calling for a $70,000 to $75,000 correction in bitcoin [and] a mini financial crisis," Hayes, a cofounder of bitcoin and crypto derivatives pioneer BitMex who went on to set up the Maelstrom investment fund, posted to X.
Bitcoin rocketed past $70,000 on the back of Donald Trump's November election victory as traders bet Trump will spur the growth of bitcoin and crypto.
Last week, Trump followed through on his campaign promises to make overhauling crypto policy one of his administration's priorities, ordering the creation of a bitcoin and cryptocurrency working group tasked with proposing new regulations and exploring the creation of a national cryptocurrency stockpile. #MarketPullback #TrumpCrypto
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How do you find the digital currency that will multiply its value 100 times before everyone else? Principles of choosing a digital currency for investment
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