“The US President Directed His Administration to Establish a Bitcoin Reserve to Hold Seized Assets, and Is Setting Up A Separate Crypto Stockpile.”, – WRITE: www.coindesk.com
AT this Point, All of the Assets ContemPlated by the Order Wuld be Those Seized in Civil or Criminal Forfeitures. The Bitcoin Will Be Stored for Long-Term Value in What Was Termed A “Digital Fort Knox.”
“The Reserve Will Be Capitalized With Bitcoin Owned by The Federal Government that Was Forfeited As Part of Criminal or Civil Asset Forfeiture Proceeds,” Said David Posted on Social Media Site X.
In a video showing the president signing the order, Trump Says About Establishing The Reserve, “Made the Promise, Right?”
The Order Has ALSO NUDGED GOVERNMENT OFFICIALS TO SEEK WAYS TO ADD more BITCOIN to the Reserve, As Long as It Doesn’t Harm the Federal Budget.
“The Secretaries of Treasury and Commerce Are Authorized to Develop Budget-Neutral Strategies for Acquiing Addrational Bitcoin, Provides Those Those Strategies Haven Increment Haven Increment Sacks Said.
Matt Hougan, The Chief Investment Officer for Bitwise Asset Management, Said in A Post That MOVE TO Set Up A Bitcoin Reserve ReduCes the CHANCE OF THE GOVERNMENT CAN The Likelihood that Other Nations Will Establish Strategic Bitcoin Reserves. ”
But Charles Edwards, Founder of Bitcoin-Focused Hedge Fund Capriole Investments, Called It The “Most Underwhelmsing and Disappeinting Outcome Week, Week Buying Plan, The Strategy Is A “Pig in Lipstick.”
Update (March 6, 2025, 24:59 UTC): Adds Responses from People in the Industry.
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