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Bitcoin decreased by 4 % as an executive by US President Donald Trump to create a bitcoin strategic reserve and a reasonable digital asset investor before the first White House encryption summit later today.
Trump said the strategic bitcoin reserves will consist of about 200,000 Bitcoin owned by the federal government that has been confiscated as part of the procedures for confiscating criminal or civil assets.Crypto and Ai Czar David Sacks on March 7 mail On x.
Digital assets will consist of encryption, unlike Bitcoin, which has been confiscated in criminal or civil procedures, and the The bags added that the government will not obtain additional assets to it beyond those obtained through confiscation procedures.
Charles Edwards, founder of the hedge fund, said in a post on X. This pig in lipstick.
This is the most easy and disappointing result that we could have expected for this week. But it is also not surprising. It seems that there is no concrete BSR in 2025. There is no active purchase means that this is just a fictional address for the Bitcoin Holdings already with the government. This is a pig in …
CAPRIOIO March 7, 2025
For us to create a digital fortress
Sachs said that the government will look forward to creating “neutral budget” strategies that can be used to gain more bitcoin without any gradual costs for American taxpayers.
He added that BTC is in the strategy Bitcoin The reserve will not be sold, as the United States aims to create a “digital fortress”.
The bags criticized the previous governments to sell the seized bitcoin.
“Early sales of Bitcoin has already cost our taxpayers more than $ 17 billion in the lost value,” he said.
The encryption market is drowned, the bags say There are no upcoming purchases for the Bitcoin Strategic Reserve
Bitcoin currency decreased approximately 5 % to less than $ 85,000 in the following minutes of the executive, ETHEREUM (ETH), XRP, Cardano (ADA) and Solana (SOL) all declined.
Bitcoin since then has been lost Trading at 88,029.94 dollars As of 1:25 am EST, according to Coinmarketca.
The ceiling of the total encryption market has fallen around 3.4 % in the past 24 hours to $ 2.89 trillion.
The bags said that Part of Trump’s executive order, the first full audit for pregnant women’s digital assets will be implemented.
Trump’s executive order was signed before the first White House encryption summit later today. It combines more than twenty heavy weights in the encryption industry, including Bitcoin Maxi Michael Saylor and Coinbase Brian Armstrong, to discuss the road forward.
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