White House Calls Bitcoin “Digital Gold” in Trump’s Executive Order

CoinMarketCap
03-07

President Donald Trump recently signed an Executive Order that’s got everyone in finance talking. It creates a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, shaking up how the government handles cryptocurrency. Rather than seeing Bitcoin as something to unload quickly, this decision marks it as a valuable national asset to keep for the future.

The Strategic Bitcoin Reserve will be built from Bitcoin the Department of Treasury has taken in criminal and civil forfeiture cases. Other federal agencies are also digging through their stashes to see if they’ve got any seized Bitcoin to chip in. In the past, the government would auction this stuff off, but now they’re keeping it as a long-term investment.

The Treasury and Commerce Departments have been told to figure out how to acquire more Bitcoin without draining taxpayers’ wallets. By betting big on Bitcoin’s growing role in finance, the U.S. could gain a competitive advantage over other countries.

The Executive Order also creates a U.S. Digital Asset Stockpile for all the other cryptocurrencies the government has confiscated, aside from Bitcoin. This stockpile won’t grow on purpose—it’s just whatever they already have. The Treasury Secretary gets to call the shots on what to do with it, like deciding if and when to sell.

For years, the government dumped seized Bitcoin at auctions, missing out as its value shot through the roof. Some say those quick sales left about $17 billion on the table for taxpayers. This new Executive Order stops that by putting a smart, organized plan in place for handling the government’s digital assets.

Bitcoin’s often called “digital gold” because there’s only 21 million of it ever, it’s never been hacked, and it’s seen as super secure. With the Strategic Bitcoin Reserve, the U.S. is gearing up to lead the pack as digital finance keeps changing.

This is all part of Trump’s push to make the U.S. the top dog in cryptocurrency. Since getting back into office, he’s been all about policies that back digital assets, seeing them as a way to grow the economy and spark new tech.

The Executive Order delivers on his promises to start a Bitcoin reserve, pick a crypto czar, and host a White House Crypto Summit. Trump’s been vocal about his support, once saying, “I am very positive and open-minded to cryptocurrency companies and all things related to this new and burgeoning industry. Our country must be the leader in the field.”

With this move, the U.S. is staking its claim in the digital asset game. As Bitcoin keeps picking up steam worldwide, this could lock in America’s spot as the heavyweight in crypto.

Also Read: Solana Co-founder Questions Trump’s Crypto Reserve Plan

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