On March 7, US President Donald Trump signed a historic executive order, under which a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile” have been established. The move aims to establish cryptocurrency as a strategic resource, which can prove to be important for the US government in the future. The AI and Crypto chiefs of the White House, David Sacks made this announcement public and linked it to the importance of Bitcoin as “Digital Gold”. This order has indicated to make the role of cryptocurrency a part of the national strategy.
Strategic Bitcoin Hold Trump a major step of government
The main purpose of the Strategic Bitcoin Hold is to collect the bitcoin that have been seized in government crime cases. These Bitcoin will neither be sold nor used immediately, but will be preserved as a “Store of Value”. According to the official fact sheet of White Area, this reserve will initially be funded by Treasury Section and other Federal Companies will evaluate contributing to this reserve under their legal capacity. This step gives the US government an opportunity to control and preserve acubleted assets in cryptocurrency, and can be used in future time of an economic or national crisis.
This strategy is created keeping in mind the long term price of bitcoin, as it is being identified as digital gold. When a cryptocurrency is seized, it is generally sold or used for other use, but under this scheme these bitcoins will be preserved, so that in future these Bitcoin Worth There may be an increase in. This step will help the US government to create a strong cryptocurrency reserve, which may potentially be helpful in economic and global strategic decisions.
Virtual Asset Stockpile, Bitcoin and other cryptocurrency
In addition, a “Us Digital Asset Stockpile” will also be installed, which will be placed by cryptocurrencies such as XRP, Solana, and Cardano other than bitcoin. However, these digital assets will only be related to cryptocurrency that have been obtained under government seizure cases, not through new crypto procurement. Currently the US government mainly has cryptocurrency like Bitcoin, followed by Etreum and Tether.
This digital asset will provide transparency and control to the stockpile government in the management of cryptocurrency. In addition, this plan will establish a clear strategy for the cryptocurrency that can be seized in the future. Given the increasing popularity of cryptocurrency, this step will provide an opportunity to the US government to create a strong digital asset portfolio, which can help to face future financial crises and global economic changes.
Conclusion
This step of President Donald Trump Cryptocurrency Is an important step towards accepting the US government as strategic resources. Strategic Bitcoin Hold and Virtual Asset Stockpile will not only stability in storage of digital assets, but it will also prepares the government better to face possible risks and benefits in the future of cryptocurrency. This step is a sign of establishing digital assets as an important economic and strategic resource. In addition, it can give a new direction in the US government policy for cryptocurrency, where it will not only be seen as part of a national security and economic plan with an investment means.
