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AI and CRYPTO CZAR David Sachi talks to President Donald J. Trump, when he signs executive orders in the Oval Cabinet in the White House on January 23, 2025 in Washington, Colombia County.
Jabin BotSford | The Washington Post | Gets the image
President Donald Trump on Thursday signed an executive order by creating strategic Bitcoin A reserve that marks a serious shift in the US digital assets.
Crypto White House and King David Sachi, Venture Capitalist Silicon Valley, wrote in a message on x That the reserve will be financed exclusively with bitcoin, confiscated from criminal and civil confiscations, which guarantees that taxpayers do not carry the financial burden.
The US government estimates that the US government controls about 200,000 bitcoins, although a full audit has never been conducted. Trump’s order provides a comprehensive account of federal digital assets and prohibits the sale of bitcoin from the reserve, placing it as a permanent cost store.
In addition, the order sets US digital assets run by the Ministry of Finance to conduct other confiscated cryptocurrencies.
A lot of crypto -investors who supported Trump causes concern Over the weekend after the president said in Post on the truth social that in addition to bitcoin, air. XRPSolana Salt Token and Cardan Ada The coin will be part of the strategic crypto -reserve.
“I have nothing against XRP, Sol or Ada but I don’t think wrote. “Only one digital asset in the world now meets with a bar, and this digital asset is Bitcoin.”
On the eve of the announcement, the NIC CARTLE NIC CARTER said CNBC that the United States, which commits only bitcoin in the reserve, “ratifying Bitcoin as a global asset somewhere in gold.”
“The United States is definitely the most important nation in the world, and so their approval stamp does a lot for Bitcoin,” said Carter, noting that the inclusion of any digital currencies that others would do similar to another speculative fund.
Ryan Gilbert, Investor Fintech, said the step is to send a strong message to the institutes that Bitcoin could remain. He said the decision would be even more distinguished by bitcoin from other cryptocurrencies.
“There have been many people in recent decades who said Bitcoin is a way to ignore other tokens,” Gilbert said. “I think it will help Bitcoin as a token, as an asset, separate from all others regarding the discussion.”
But Gilbert said the United States should be careful in how it manages the reserve.
“What we don’t want to see is that the US is actively trading Bitcoin,” he said. “The reserve must be a long -term cost store, not what market speculation is introduced.”
Saxi praised this decision, calling it a milestone in making the US “krypto -capital of the world”. Earlier, he noted that the US lost more than $ 17 billion potential cost by selling Bitcoin seized early.
Finance Minister Scott Baby and Secretary of Trade Howard Lutnitsa will monitor the further development of the policy with a focus on the budget and bitcoin strategy, Sacks reports.
