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.

wallstreetcn09:13

Ripple Mirrors 2017 Pattern – How Can XRP Avoid a 2018-style Crash?

AMBCrypto06:00

XRP Price Rises. Why a Fresh Trump Boost Could Be Coming. -- Barrons.com

Barron'sMar 6 23:05

Bisheng Group: The non-farm data collides with the cryptocurrency summit, is March the biggest turning point day for Bitcoin? Can Ethereum take advantage of the opportunity to rise?

Bisheng Group: Non-farm payroll data collides with the crypto summit! Is the biggest turning point day for Bitcoin in March coming? Can Ethereum ride the tailwind to surge?

Jinse FinanceMar 6 18:12

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