US President Donald Trump signed an executive order on March 7 to establish the Bitcoin Strategic Reserve (SBR) and “Digital Asset stock”. Initially, both of them will be deported in cryptocurrencies through the procedures for criminal and civil civil confiscation, with possible future acquisitions under neutral budget conditions.
Moments after the news was published, the BTC price fell from about 91200 dollars to about 84,667 dollars – a decrease of more than 7 % – in what many observers call the moment of the classic “sale of news”. Some market participants seem to be satisfied that the executive matter is not more aggressive in buying bitcoin. However, the main industry sounds confirm that the market may have insulted the long -term monuments.
Is the strategic Bitcoin reserves disappointment?
According to David Sachs, the White House AI and Crypto CZAR, which Declare Evolution via X: “Just a few minutes ago, President Trump signed an executive order to create SBR. The reserve will be deported with Bitcoin owned by the federal government that has been confiscated as part of the procedures for confiscating criminal or civil assets. This means that taxpayers will not cost ten cents.”
Sacks added that the United States has about 200,000 Bitcoin. However, he also made it clear that “there was no complete scrutiny” and that “EO directs a complete accountability for the federal government’s digital assets.” It is worth noting that US President Trump commits not to sell “any bitcoin deposited in the reserve. It will be kept as a value store. The reserve is similar to a digital fortress for the encrypted currency that is often called” digital gold “.
In addition, the Minister of Treasury and Trade-which is carried by the well-known Bitcoin Bull-Heoward Lutnick-is authorized to develop neutral budget strategies to gain more bitcoin. Although the specified methods are still unclear, this step may increase the accumulation of the United States government BTC. “The Secretaries of the Ministry of Treasury and Trade are authorized to develop neutral budget strategies to gain an additional bitcoin, provided that these strategies have no gradual costs on American taxpayers,” he writes Sacks via X.
SBR, the executive order creates a digital stock of the United States, which will include the seized digital assets other than BTC. According to SACKS, this stock will not be actively expanded that exceeds all the coins that the government earns through confiscation. He explained that its purpose is to exercise “the responsible supervision of the digital assets of the government under the Ministry of Treasury.”
In the midst of price fluctuations, industrial leaders hit an optimistic tone. “The global response will be on tonight news immediately. This is the snapshot that I heard around the world. You cannot be more proud of this moment or more excited what comes after that. We see you on the moon.”
Nick Carter, General partner at Castle Island Ventures I mentioned Via X: “The advertisement cannot be the best: the promise of the preserved campaign. The Bitcoin Reserve is clearly distinguished from Altcoin Stockpile. He is “.
CIO chief Matt Hogan Running Four reasons why the executive matter has the effects of great difficulties on bitcoin:
1) It greatly reduces the possibility that the United States government will Bitcoin “Bitcoin” daily;
2) It greatly increases the possibility of other countries establishing Bitcoin strategic reserves;
3) accelerating the speed that other countries will consider in establishing the strategic bitcoin reserves, because it creates a short -term window for countries to additional additional purchase by the United States;
4) It makes it more difficult for institutions-from the platforms of the national account consultants to the semi-government agencies such as the International Monetary Fund-Bitcoin Sancel as dangerous or somewhat inappropriate.
Macroscope (@Macroscope17), Stuck: “The market was not sure that there would be a strategic reserve. Now, there will be no just one, in fact getting more BTC. Sell-The-The-Ins directly, in the long run, this is greatly optimistic compared to the market’s expectations to this point.”
The analyst expects this news to ignite “psychology in the national arms race.” More 13f files are also expected to be seen through the sovereign wealth boxes that have waited for this announcement. He concluded by saying: “It is important to watch this in the coming weeks and months.”
At the time of the press, BTC was traded at $ 88,104.
Distinctive image created with Dall.e, Chart from TradingView.com
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