Why did Trump just order us to set up cryptic stock

President Donald Trump has signed an executive order to establish a strategic reserve for Bitcoin, making American one of the few countries in the world to create a national inventory standard.

The reserve will maintain cryptocurratory preservation in the Federal Government within the criminal or civil proceedings, the White House AI and Cripto Car David bags said in the post to K.

The United States will not sell any Bitcoin deposited in the reserve, mentioned bag and instead holding it as a means.

In 2021. El Salvador became the first country of the world to establish Bitcoin Reserve. Brazil, Japan and Switzerland also discussed such a step.

Trump – who was just four years ago said Bitcoin “makes a scam” – he discovered plans earlier this week to make American … Cripto capital of the world. ”

Further details are expected when the President should be in the Crypto Houseemak in the White House on Friday.

It is unclear whether the planned reserve could face legal obstacles or if that could require the act of Congress.

Sacke said the stock will serve as a “digital coupling for cryptocurst”, to compare with a military base of Kentucky who keeps a significant part of American gold property.

The Trump command also creates digital assets of supplies for cryptocurrency that are not a Bitcoin that has been taken away.

It directs the fully accounting of the crypt’s federal government reserves, which said the bags were judged at 200,000 Bitcoin themselves. It is in today’s price worth $ 17.5 billion (13.6 billion pounds).

It was not clear how the new stock would benefit Americans, but the bags said that “will not cost taxpayers”.

His implication that the American government would not buy good prices Bitcoin in the world of the largest cryptocurrency to fall by more than 5%.

Some countries maintain strategic reserves of national funds for diversification of government funds and protection against financial risk.

The United States also maintain oil reset. Canada has a reservation in Javola syrup.

Earlier this week, Trump discovered five-cry names That he said he would like it in strategic reserves.

Markets price five coins called – Bitcoin, Etherum, KSRP, Solana and Cardano – quickly jumped after that announcement.

Trump has aggressively implanted the CRIPTO community during its presidential campaign. Former American President Joe Biden stated that she slowed crypto, inviting concerns about the scam.