The executive order of President Trump that requires the formation of a strategic Bitcoin (BTC) and cryptography storage is a “crucial moment” for the industry, the KBW investment bank said in a research report on Friday.
The president ordered his administration to establish a strategic Bitcoin reserve to maintain assets that have been seized by the Government. He also requested a reserve of other types of digital assets.
KBW said that “the largest superpower in the world has adopted several leaders’ blockchain protocols.”
Bitcoin is the true winner here, since he is being treated exclusively as a reserve asset, according to the report. Bitcoin will not be sold and the government is also looking for options to buy more than cryptocurrency.
KBW estimates that the government has around 198,000 Bitcoin. He pointed out that approximately 55% of this battery will be returned to Bitfinex, leaving a balance of around 86,000 tokens.
There were no details about how the government plans to accumulate Bitcoin, but could sell some of its more than $ 800 billion in gold reserves to finance additional purchases of cryptography, Kbw said.
The US Treasury Bitbonds broadcast. UU. It is another option, the bank said. These are treasure bonds that include a “kicking” of Bitcoin and could reduce government indebted costs.
The government could also form associations with miners in the US. UU. To receive Bitcoin royalties in exchange for tax exemptions or incentives, the report added.
Read more: market experts are involved in the Trump Bitcoin strategic reserve that eliminates $ 17B in potential sales of BTC
