Trump: The USA government holds 200,000 Bitcoins, the Treasury Secretary: Will use stablecoins to maintain the dominance of the dollar.

Previously, Trump signed an executive order intending to establish a Bitcoin reserve for the USA federal government. On Friday, he held a Digital Currency summit at the White House, comparing the Bitcoin reserve to a "virtual Fort Knox for storing digital Gold" and revealed that the USA government owns 0.2 million Bitcoins. However, the Bitcoin market responded tepidly to Trump's Bitcoin reserve plan, with Bitcoin falling nearly 4% on Friday.

wallstreetcnMar 8 10:10

Trump has signed it, and the USA has established a Bitcoin reserve, but the cryptocurrency community is likely to be disappointed.

On March 7, local time, David Sacks, the cryptocurrency director at the White House, stated on X that USA President Trump has signed an executive order to establish a Global Strategy Bitcoin reserve, but it appears to differ from what the crypto community expected. Sacks mentioned on X that this reserve will be capitalized with Bitcoin owned by the USA government, which has been obtained through criminal or civil asset forfeiture procedures, and the government will not make additional purchases. Some analysts believe these details indicate that this order represents more of a "storage" of cryptocurrencies rather than a "reserve." A "reserve" implies that the government will purchase cryptocurrencies, while "storage" merely means holding them.

wallstreetcnMar 7 09:13

Trump will host the first Cryptos summit on Friday. Can the cryptocurrency community be saved?

Frequent "lip service" by Trump may lead to a significant decline in his influence, and the real catalysts that are likely to drive up Cryptos may be...

Golden10 DataMar 6 18:07

The USA Secretary of Commerce stated: Trump announced the Bitcoin Global Strategy reserve on Friday.

Lutnick's remarks suggest that under Trump's Global Strategy framework, Bitcoin will enjoy a "unique status," which may differentiate it from Other Cryptos.

wallstreetcnMar 6 14:27

Trump's Crypto Advisers Weigh Paths to a National Stockpile -- WSJ

WSJMar 5 20:42

From McKinley Tariff to Trump's Cryptos Reserve: The Dollar and Cryptos Face New Challenges.

The broader impact lies in the politicization triggered by the establishment of Cryptos reserves in the USA.

Zhitong FinanceMar 4 16:51