The president of the United States, Donald Trump, signed an executive order on March 6 establishing the so -called “Bitcoin strategic reserve and a reserve of digital assets of the United States.” According to the White House Crypto Tsar David Sacks, the measure aims to avoid losses for premature sales of Bitcoin, which cost US taxpayers $ 17 billion.
By maintaining the loss of bitcoin instead of selling, the government seeks to maximize value and improve supervision. This movement is aligned with Trump's declared vision to make the “cryptographic capital of the world”.
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Crypto presides arises after the ad
The executive order occurred a few days after Trump announced the first five cryptocurrencies that will form the reserve: Bitcoin, Ethereum, Ripple, Solana and Cardano. Bitcoin and Ethereum are the two largest cryptocurrencies in the world by market value. A few hours after Trump's announcement on social networks, prices shot up:
- Ripple (XRP): +32%
- Solana (sun): +23%
- Cardano (ADA): +63%
However, the initial confusion broke out since Trump did not mention Bitcoin or Ethereum in his position, causing speculation in social networks. Approximately an hour later, he issued a follow -up statement to clarify his inclusion, which led Bitcoin and Ethereum to experience price jumps:
- Bitcoin (BTC): +11%
- Ethereum (eth): +13%
The increase was a positive change for the broader cryptographic market, which had lost $ 800 billion in total value in recent weeks, according to Financial Times. However, after Sacks said that the reservation will not “cost taxpayers a penny”, which implies that the government will not sell Bitcoin, its price fell by more than 5%.
Experts question the strategic value
Analysts express skepticism about the inclusion of alternative cryptocurrencies such as Ripple, Solana and Cardano.
“Unlike Bitcoin … these assets are more similar to technological investments,” the Coinshares James Butterfill Research Manager Manager Coinshares Manager told Reuters. “The announcement suggests a more patriotic position towards the broadest space of cryptographic technology, with little consideration for the fundamental qualities of these assets.”
In addition, the fact that the US government will not acquire additional assets for digital asset storage “beyond those obtained through the confiscation procedures” has disappointed some cryptography enthusiasts.
“There is no active purchase means that this is just an elegant title for Bitcoin Holdings that already existed with the government,” said Charles Edwards of the Bitcoin Capriole Coverage Fund in X.
When it comes to Bitcoin's strategic reserve, the Treasury “will develop neutral budget strategies to acquire additional bitcoin, provided that these strategies do not impose incremental costs to US taxpayers.” This means that American dollars will not be exchanged for cryptography, but also leaves the door open for alternative approaches that may affect the market.
The vision of the Trump Cryptographic Reserve: months in development
By announcing cryptocurrencies that will be included in the Trump Reserve Social Reserve, Trump said “it will ensure that the United States is the world capital of cryptocurrencies.” This is a vision that has been pressing for a while. First he introduced the idea of a National Cryptography Reserve during the 2024 Bitcoin Conference in Nashville, while it is still in the campaign, and promised to “maintain 100% of the entire Bitcoin that the United States government currently maintains or acquires in the future”, referring to that taking advantage of the application of the law.
According to Sacks, the United States currently has around 200,000 Bitcoin, the equivalent of $ 18 billion, and most was seized of criminals. Normally, these assets would be sold to support the operations of application of the law and compensate for victims instead of forming a reserve.
Shortly after assuming the position, he signed an executive order that would create a working group that “evaluates the creation and potential maintenance of national digital asset storage … potentially derived from cryptocurrencies legally confiscated by the federal government through their efforts to apply the law.”
