The president of the United States, Donald Trump, signed an executive order on Thursday to establish a strategic Bitcoin (BTC) reserve that includes BTC seized by the United States government through actions to apply the law.
The Cryptographic of the White House and AI Tsar David Sacks said in X that the reserve will also include other coins lost in criminal or civil procedures while stress that no money from taxpayers will spend on the acquisition of BTC or other currencies.
According to Arkham Intelligence, the United States government currently has 198,000 bitcoins worth approximately $ 17.3 billion. Treating the same as the reservation essentially eliminates more than $ 17 billion in the sale of market pressure.
Even so, Bitcoin extended losses, hitting minimum about $ 84,700, reflecting the disappointment of investors due to the lack of new BTC purchases for the United States government. The prices, however, have been recovered at $ 87,600 at the time of publication in the hope that Trump will announce a favorable cryptographic tax policy at the Crypto summit of the White House on Friday.
This is what market experts said about the strategic reserve.
Valentin Fournier, BRN analyst
“The Executive Order has disappointed some investors, since it explicitly establishes that the Government will not acquire additional assets beyond those obtained through the loss. This lack of a clear acquisition plan has created confusion, weighing on the feeling of the market and leading to a daily decrease of 4% in Bitcoin, Ethereum and Solana.”
“The Secretary of Commerce, Howard Lutnick, has been authorized to develop a neutral budget strategy to acquire additional bitcoin. Given the strong Lutnick links with Bitcoin through its participation with Microstrategy, this could indicate a hidden accumulation strategy by the United States government, potentially lighting a parabolic rally.”
Dick LO, CEO of the Digital Assets Commerce firm promoted by how many TDX Strategies
“The initial disappointment since the market had accumulated high expectations prior to the announcement. However, the news is positive unequivocal: it would have been unrealistic to wait for new purchases without a plan on how it would be financed; an important distinction has been made between Bitcoin and the rest of Crypto, that is, a single dollar buying altcoins will not be spent.”
“Possible additional positive ads to come from the cryptographic summit: more favorable tax treatment towards cryptography.”
Andrew O’Neill, Managing Director of Digital Assets, Global Q & P ratings
“The importance of this executive order is mainly symbolic, since it marks the first time Bitcoin is formally recognized as an asset of reserve of the United States government. Currently, the reservation will only include Bitcoin owned by the United States government, specifically BTC lost through criminal or civil procedures. The order undertakes to maintain this BTC as a reserve asset without selling it.
“However, the order contemplates the possibility of acquiring additional bitcoin for the reservation, provided that it can be done neutrally in the budget.
Jeff Anderson, head of Asia at STS Digital, said in a telegram message:
“The market is practicing the risk of the tail now that the United States will not actively buy BTC. Bvvvv [the 30-day implied volatility index] It is below 6 vol vol this morning. “
This is a list of comments from experts in the Crypto market and will be updated regularly.
