Trump’s strategic bitcoin reserve removes $ 17B in potential sale of pressure from BTC, experts share views
US president Donald Trump signed an executive order on Thursday to establish a strategic bitcoin (BTC) reserve with the BTC that was seized by the US government through law enforcement actions.
White House Crypto and Ai Czar David Sacks at X said the stockpile would also include other coins that had lost a criminal or civil trial while emphasizing that there was no money paying the taxpayer of BTC or other coins.
According to Arkham Intelligence, the US government is currently holding 198,000 Bitcoins worth about $ 17.3 billion. Treating the same reserve is essentially over $ 17 billion in sale of pressure from the market.
However, Bitcoin has expanded the losses, which hit near $ 84,700, reflecting the investor’s failure to lack BTC’s new purchases for the US government. Prices, however, recovered at $ 87,600 at the time of the hopes that Trump would announce an desired crypto tax policy at the White House Crypto Summit.
Here’s what the market pundits say about the strategic reserve.
Valentin fournier, analyst in brn
“The Executive Order failed some investors, as it was clearly stated that the government could not get further possession beyond those obtained by forfeitures. The lack of a clear acquisition plan created confusion, weighing the sentiment on the market and leading to a 4% day -to -day denial of Bitcoin, Ethereum, and Solana.”
“Commercial secretary Howard Lutnick has been allowed to develop a neutral budget approach for getting further Bitcoin. Due to Lutnick’s strong relationship with Bitcoin by his involvement in microstrategy, it can signal a hidden approach to the US government accumulation, which potentially ignores a parabolic rally.”
Dick Lo, CEO of Quant-Driven Digital Assets Trading Firm TDX Strategies
“The initial failure as the market has built high expectations leading to the announcement. However, the news is unclearly positive: it is unrealistic to expect new purchases without a plan on how to fund it
“Potential additional positive announcements from the crypto summit: more desirable tax treatment to crypto.”
Andrew O’Neill, Director Director of Digital Assets, S&P Global Ratings
“The importance of this executive order is primarily symbolized, as it has marked the first time to formally recognize Bitcoin as a reserve owned by the United States government. Currently, the reserve will only include Bitcoin owned by the US government, in particular the BTC is neglected by criminals or civil methods. Reserves to be sold without selling it.
“However, the order is meditating the possibility of getting more bitcoin for the reserve, if it can be done in a way-neutral way. It is not an indication of how much, if any, is available or a timeline. The order is clearly distinguished between Bitcoin and other digital properties, which will not be included in the reserve but rather, along with a separate” stockpile. “
Jeff Anderson, head of Asia at Sts Digital, was told in a telegram message:
“The market is re-pricing the tail risk today that the US has not actively purchased BTC. BVIV (the 30-day indicated index volatility) dropped 6 vol points this morning.”
This is a running list of comments from experts in the crypto market and regularly updates.
