Trump's Bitcoin Reserve Order Shakes Markets, Investors Await Next Move 🇺🇸
In a significant development, President Donald Trump signed an executive order to create a strategic Bitcoin (BTC) reserve, utilizing BTC assets seized by law enforcement. This move aims to bolster the country's digital asset reserves without using taxpayer funds, as clarified by White House crypto and AI czar, David Sacks.
According to Arkham Intelligence, the U.S. government currently holds 198,000 BTC, amounting to a substantial $17.3 billion. Despite the removal of selling pressure, Bitcoin's price saw a dip to $84,700 before rebounding to $87,600, bolstered by hopes of pro-crypto tax policies at an upcoming summit.
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