President Donald Trump signed a decree on Thursday to establish a Bitcoin Strategic Reserve (BTC) which includes the BTC seized by the United States government through the law implementation measures.
The crypto of the White House and the IA Tsar David Sacks have declared on X that the stock would also include other coins confiscated in criminal or civil procedures while stressing that no money of taxpayers will be spent for the acquisition of BTC or other parts.
According to Arkham Intelligence, the United States government currently has 198,000 Bitcoins worth around 17.3 billion dollars. Treating the same thing as the reserve is essentially more than $ 17 billion in market pressure.
However, Bitcoin has extended losses, reaching lows nearly $ 84,700, reflecting the disappointment of investors concerning the lack of new BTC purchases for the US government. However, the prices were returned to $ 87,600 at the time of the press in the hope that Trump will announce a tax policy of crypto favorable to the summit of the cryptography of the White House on Friday.
Here is what market experts had to say about the strategic reserve.
Valentin Fournier, analyst at BRN
“The decree has disappointed certain investors, because it explicitly declares that the government will not acquire additional assets beyond those obtained by confiscations. This lack of clear acquisition plan has created confusion, weighing on the feeling of the market and leading to a daily drop of 4% Bitcoin, Ethereum and Solana.”
“The Secretary of Commerce Howard Lutnick has been authorized to develop a non -budgetary strategy to acquire additional bitcoin. Given the solid ties of Lutnick with Bitcoin by its involvement with microstrate, this could point out a hidden accumulation strategy of the American government, potentially arousing a parabolic rally.”
Dick LO, CEO of the digital asset trading company focused on TDX strategies
“The initial disappointment, because the market had constituted high expectations leading to the announcement. However, the news is positive without ambiguity: it would have been unrealistic to expect new purchases without a plan on the way it would be funded; a significant distinction would have been made between Bitcoin and the rest of the crypto, that is to say a single dollar which will be spent on the purchase of Altcoin.”
“The more positive potential announcements come from the top of cryptography: a more favorable tax treatment towards crypto.”
Andrew O’Neill, Director General of Digital Assets, S&P Global Ratings
“The importance of this decree is mainly symbolic, because it marks the first time that Bitcoin is officially recognized as a reserve asset of the American government. Currently, the reserve will only include Bitcoin already owned by the American government, in particular the BTC confiscated through criminal or civil procedures. The order undertakes to hold this BTC as a reserve asset without selling it.
“However, the order plans to acquire additional bitcoin for the reserve, provided that it can be carried out in a neutral budgetary manner.
Jeff Anderson, head of Asia at STS Digital, said in a telegram message:
“The market is to silence the risk of a tail now that the United States does not actively buy BTC. [the 30-day implied volatility index] is down 6 points this morning. “”
This is an executive list of comments from cryptographic market experts and will be updated regularly.
