NEWSLETTER
The president of the United States, Donald Trump, has officially converted the United States into the largest head of the bitcoin state-state by signing an executive order tonight to create a strategic bitcoin reserve. The reserve will have an estimate of 200,000 btc, marking a significant change in the financial strategy of the United States and reinforce bitcoin's role in the global economy.
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David Sacks, crypto Tsar of President Trump, provided more clarifications on the recently established reserve, stating that the reserve will be funded by bitcoin already owned by the federal government, specifically lost active in procedures for loss of criminal and civil assets. “This means that taxpayers will not cost a penny,” he emphasized.
The executive order also requires a comprehensive audit of bitcoin's holdings of the federal government, since the exact amount of btc under US control has never been completely counted. Sacks said: “It is estimated that the United States government has around 200,000 bitcoin; However, there has never been a complete audit. The EO directs a complete accounting of federal government digital assets. “
A key provision of the executive order ensures that the government does not sell any bitcoin deposited in the reserve. On the other hand, it will serve as a long -term value reserve, with sacks comparing it with “a digital Knox strong for cryptocurrency often called 'digital gold'.”
Highlighting the past financial steps, Sacks explained how bitcoin's premature sales by the government have cost taxpayers more than $ 17 billion in lost value. With the new reserve, the Administration seeks to avoid such losses while strategically maximizes the long -term value of bitcoin.
In addition, the Executive Order grants Treasury and Commerce secretaries to develop neutral budget strategies to acquire more bitcoin, provided that such acquisitions do not have an incremental cost for US taxpayers.
The Executive Order also establishes a reserve of US digital assets. However, additional assets will not be acquired for this reservation beyond those obtained through such means.
Sacks concluded by praising the administration's commitment to digital assets: “President Trump promised to create a strategic Bitcoins reserve and a digital asset reserve. These promises have remained. “
This historical decision positions the United States at the forefront of bitcoin's global economy. With this movement, the administration of President Trump is pointing out a bold hug from bitcoin as a central component of the national financial strategy.
