The US Treasury and other federal agencies are expected to reveal Bitcoin (BTC) and other encrypted currencies on April 5. The argument coming from President Donald Trump’s executive on March 6 stems, which called for the formation of both Bitcoin Strategic Reserve (SBR) and broader digital devices.
According to a presidential document published on March 11, all federal agencies must submit the possession of digital assets to the Minister of Treasury within 30 days of demand. The Minister of the Treasury was also directed to create two coins designed to manage the government -controlled digital assets.
SBR will in particular, with bitcoin acquired through criminal or civil confiscation, with the authorization of BTC-with a “digital fort” to store value in the long run.
The results of the upcoming audit can provide greater explanation about the recent price movements achieved by Bitcoin, according to David Billy, CEO of BTC Inc and a close consultant for President Trump. In X, Billy commented: “On April 5 (on Saturday), the United States must complete the full audit of Bitcoin’s Bitcoin in the country. Depending on what we learn, it may answer many open questions about the last price procedure.”
When asked about the general release of the audit results, Billy replied, “I imagine that we will learn quickly.” He also predicts whether the United States may carry more or less than BTC than expected, noting: “I think it is less but just guess.” In response to a question about how the US government -controlled BTC quantity can affect the morale of the market, Billy maintained an optimistic position: “Everything is issued by Bitcoin.”
Questions about bitcoin holdings
Speculation about the actual number preserved by the government may be fueled by Senator Cennis Lomes, which occurred at the top of digital assets on March 19. She indicated that the previous administration may have sold a large part of BTC sources to the United States. These holdings, which are believed to exceed 207,000 BTC based on the associates associated with illegal activities, can be the basis for the newly created bitcoin reserve.
“We are trying to know the amount of bitcoin and whether it has been completely delivered to the nursery,” said Lomes. “We believe this could be the basis for the first year of the Bitcoin Strategic Reserve. We believe that the United States has occupied about 200,000 Bitcoin in the confiscation of assets. What we do not know is how much the BIDEN administration was selling directly before the Trump administration took office.”
Although official figures are still not understood, Bo Hines, CEO of the US Presidential Council for Digital Assets Advisors, has provided more insight into the previous government’s dealings. In an interview two weeks ago, Heinz suggested that the United States once enjoy about 400,000 BTC, after selling nearly half of its current market value.
He expressed his regret for the lost opportunity: “If we had adhered to that, it would have reached $ 17 billion today. I mean, it shows you how important this origin is and what we can do for the benefit of the American people.”
Heinz has also confirmed that the neutral expansion of the American Bitcoin Reserve is a priority. “We feel that it is in the interest of the Americans to adhere to this original in the long run and accumulate as much as possible. We talked about building the digital fortress of the United States,” he said, adding that an internal working group is currently exploring ways to achieve this goal without the return of taxpayers.
At the time of the press, BTC was traded at $ 84,491.
Distinctive image created with Dall.e, Chart from TradingView.com
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