A powerful order that changes everything. It’s official, President Donald Trump confirmed the creation of a national strategic reserve in cryptocurrencies. An operation that basically includes Maintaining the entered digital assets under legal proceedings. And it can be Good news for bitcoinsAccording to the Coinbase official. Because $ 18 billion in BTC Prisoners of the United States Government will no longer be sold. This could allow the market to alleviate significant sales pressure.
- President Donald Trump has signed an executive order to create a strategic cryptocurrency reserve in the United States.
- This decision could reduce pressure on the market on the Bitcoins market by $ 18 billion.
Strategic reserve that casts bitcoin
President Donald Trump recently signed an executive order to Create a strategic Bitcoin reserveaccompanied by a Digital assets shares for the United States. With the result of almost instantaneous, 5 % BTC dive Below $ 85,000!
According to David Sacks, head of AI and crypt in the White House, this reserve will be driven Bitcoin shares already owned by the Federal Government. This means digital funds seized during criminal or civil proceedings.
The most optimistic will therefore have to cross the unlikely perspective to see the US government Purchase Strategy. Knowing that Trump’s administration still has “Fort Knox Digital” estimated at $ 18 billion in bitcoins.
Jack almost 200,000 BTC that presents himself as a Good news According to some analysts. And far from seeing Bitcoin enters the funds of the world’s leading economic power.
Sales pressure down to BTC
The situation analyzed by Coinbase manager, Conor Grogan. Because they believe that the possession of this bitcoin supply basically allows them to remove them from the market. With a prospect Reduce sales pressure exerted on BTC.
“According to my estimates, the US government has 198,109 BTC. This Decree will remove approximately $ 18 billion on sales pressure »
Conor Grogan
Because according to the recent announcement of David Sacks, the United States They will not sell bitcoins stored in this reserve. They will be maintained instead of reserve dedicated to the largest cryptocurrency in the world.
Could allow this bitcoin strategic reserve to allow stabilize ? The question is officially asked, faces Detention of approximately 1 % available amount of BTC by the government of the United States. The immediate result is not very convincing!