It is expected that President Donald Trump’s executive order is establishing the American strategic bitcoin reserves and national digital assets stockpiles an incentive to adopt the broader Bitcoin, according to investment analysts and encryption leaders.
On March 6, Trump admitted the need to “harness” the strength of digital assets during the signature Executive order of encryption principles, which states:
“Due to the presence of fixed supplies from BTC, there is a strategic advantage of being among the first countries to create a strategic Bitcoin reserve.”
Ryan Rasmussen, head of research at Bitwise, expects a successive impact as other countries and private investors in the Bitcoin (BTC) invest with renewed confidence. He said: “The final game was never,” the United States government buys all Bitcoin coin in the world. “
source: Ryan Rasmussen
Adult institutional investors, such as wealth managers, financial institutions, and pension plans, now have an “excuse” for not increasing exposure to Bitcoin and other encryption assets approved by the Trump administration.
Rasmussen said, with low sale pressure, the US government and individual states that buy Bitcoin have increased, adding:
“The possibility of the government prohibits bitcoin is zero permanently.”
Andrew O’Neil, the administrative director of the S& P Global Translses, noted that only BTC BTC’s reservation is already owned by the United States government, specifically the assets that have been confiscated through criminal or civil procedures.
O’Neil said that the presidential order to hold Bitcoin is “mainly symbolic” to be officially recognized as a reserve asset. It also created a clear discrimination between Bitcoin and other encryption assets:
“The request is considering the possibility of obtaining additional bitcoin currencies for a reserve, provided that this is done in a neutral budget manner.”
Related to: Donald Trump signs an executive order for the Bitcoin Strategic Reserve
Speaking to Cointelegraph, Ryan Lee, chief analyst at Bitget Research, said he expected Trump to reveal more details about strategic encryption reserves on March 7 at the Crypto Summit of the White House.
According to Lee, the results of the summit may significantly affect the organizational scene and institutional feeling towards digital assets, the shift in clarity in the classification of the distinctive symbol, tax incentives, reduction in enforcement procedures, and possibly dismantling the barriers represented in banks and funds.
“A successful summit can see that Bitcoin regains $ 100,000 and encryption assets such as ETHER (ETH), XRP (XRP) and Solana (SOL), which enhances US leadership in global encryption markets. On the contrary, it may disappoint the lack of implemented steps for investors, which confirms the high risks of this event.”
Germany panic sells 50,000 BTC below
While discussions on Bitcoin’s global adoption are ongoing, many encryption fans in X remember Germany’s time to sell 50,000 BTC between June 19 and July 12, 2024, at a market rate of about $ 60,000 per BTC.
The cumulative profits of the German government of bitcoin sales. source: Arkham intelligence
The German government had accumulated 50,000 BTC through Pirace Movie Movio Side2K. Re because of 2.6 billion euros ($ 2.87 billion) has been sold.
The market value of 50,000 BTC is currently more than $ 4.45 billion, according to data from Cointelegraph Markets Pro and Coinmarketca. Germany’s decision to sell bitcoin confiscated the government has cost more than $ 1.58 billion, taking into account the market price of $ 88,972.
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