In a move that has stirred excitement and controversy within the crypto industry, former President Donald Trump has officially announced the creation of a Strategic Bitcoin Reserve. The decision, revealed during the White House Crypto Summit on March 7, has received praise from investigative journalist Carter, who called the announcement a “well-executed” strategy.
Announcement couldn't have gone better:
— nic carter (@nic__carter) March 7, 2025
– Campaign promise kept
– Bitcoin Reserve clearly distinguished from altcoin Stockpile
– Bitcoin gets official USG seal of approval, no other coin does
– No taxpayer $ spent to acquire coins (so no backlash)
– Future acquisition of coins…
Carter, known for exposing the Biden administration’s alleged efforts to suppress the crypto sector, highlighted key takeaways from the summit. He emphasized that the Trump administration made the right call by distinguishing Bitcoin from altcoins, ensuring that BTC holds a unique status in the government’s strategic reserves. The fate of other cryptocurrencies, he speculates, will likely be decided by Congress.
“Bitcoin gets official USG [U.S. government] seal of approval, no other coin does,” Carter pointed out, reinforcing Bitcoin’s perceived legitimacy over other digital assets.
Despite the bullish sentiment surrounding the policy shift, Bitcoin’s price has responded unexpectedly, plummeting nearly 4% in the past 24 hours. The flagship cryptocurrency is now trading at $88,362, well below the critical $90,000 threshold. Analysts speculate that traders may be reacting to uncertainties about the execution and long-term impact of Trump’s Bitcoin strategy.
A significant aspect of the reserve is its funding source. Carter noted that rather than using taxpayer money, the government plans to build its Bitcoin holdings from BTC seized in criminal and civil asset forfeitures. This approach, endorsed by AI and crypto advocate David Sacks, could mitigate public backlash by avoiding direct federal expenditure.
In a tongue-in-cheek remark, Carter suggested that if Bitcoin’s elusive founder, Satoshi Nakamoto, were tied to the National Security Agency (NSA) and his rumored 1 million BTC stash was held in Fort Meade, Trump’s executive order would ensure that these assets remain untouched.
bonus: if Satoshi really is the NSA (as I suspect) and they have ~1m BTC sitting on a dusty hard drive in Ft Meade, this EO just ensured that they don't ever sell those.
— nic carter (@nic__carter) March 7, 2025
According to Sacks, the U.S. government currently possesses around 200,000 BTC in confiscated assets, though a comprehensive audit has yet to be conducted. As the market digests this historic policy shift, all eyes remain on how the Strategic Bitcoin Reserve will shape the future of digital asset adoption in the U.S.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: How the US Became a Bitcoin Whale: The Billion-Dollar Seizures Behind Its Crypto Empire
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