President Donald Trump signed an executive decree creating a bitcoin Reserve, marking a major change in the policy of American digital assets.
Crypto of the White House and Czar David Sacks, a venture capital of Silicon Valley, Written in an article on X that the reserve will be financed exclusively with the bitcoin seized in cases of criminal and civil confiscation, ensuring that taxpayers do not provide any financial charges.
According to estimates, the US government controls around 200,000 bitcoin, although no full audit has ever been carried out. Trump's order requires complete accounting of federal assets of digital assets and prohibits the sale of reserve bitcoin, positioning it as a permanent value reserve.
In addition, order Establish a stock of digital assets in the United States, managed by the Treasury Department, to hold other confiscated cryptocurrencies.
Many crypto investors who supported Trump raised concerns over the weekend after the president said in a Post on social truth that in addition to bitcoin, ether,, XrpSolara GROUND Token and Cardano ADA Coin would be part of a strategic cryptography reserve.
“I have nothing against XRP, Sol or Ada but I don't think they are suitable for a strategic reserve”, Bitcoin billionaire Tyler Winklevoss wrote. “A single digital asset in the world is currently meeting the bar and this digital asset is Bitcoin.”
Sol, Ether and Bitcoin all dropped around 5% Thursday evening, while ADA plunged almost 12%.
Before the announcement, Nic Carter of Castle Island Venture told CNBC that the United States engaging in a reserve only Bitcoin “would ratify bitcoin as a world asset, somewhere in the field of gold”.
“The United States is clearly the most important nation in the world, and therefore its approval cachet really does a lot for Bitcoin,” said Carter, noting that, including digital currencies, others that Bitcoin would have made another designer fund.
Ryan Gilbert, a Fintech investor, said this decision will send a strong message to the institutions that Bitcoin is there to stay. He declared that the decision would distinguish more bitcoin from other cryptocurrencies.
“There have been many people in the past decade and a half who said Bitcoin was the way to follow, ignoring the other tokens,” said Gilbert. “I think it will help Bitcoin as a token, as an actor, will separate from all the others with regard to the debate.”
But Gilbert said the United States had to be careful in the way it manages the reserve.
“What we don't want to see is that the United States actively exchanges Bitcoin,” he said. “A reserve should be a long -term reserve of value, not something that introduces speculation that evolve the market.”
The bags praised the decision, calling it a milestone to make the United States the “cryptographic capital of the world”. He previously noted that the United States had lost more than $ 17 billion in potential value by selling the bitcoin seized.
The Treasury Secretary Scott Bessent and the Secretary of Commerce Howard Lutnick will supervise the development of additional policies, emphasizing non -budgetary acquisition strategies for Bitcoin, according to Sacks.
WATCH: The co-founder of Solana opposes Trump's crypto reserve proposal
