What Bitcoin is saying about Trump’s strategic encryption

president Donald TrumpAdvertise Crypto strategic reserve Even some industry defenders are skeptical of short -term effects to create a federal stock BitcoinEthereum and three other smaller cryptocurrencies known as “altcoins”.

The White House held its first encryption summit on Friday, a day after Trump signed an executive order that creates a government reserve from Bitcoin, which will retain about 200,000 bitcoins seized as part of criminal and civil procedures.

Strategic reserves aim to stabilize American interests such as national defense or economic security. The government is already storing assets such as oil and gold. Trump’s recent actions are a historic moment of legitimacy for encryption markets, while recognizing it as “digital gold” in addition to traditional reserves, and emphasizes his embrace of digital assets.

Trump also appointed David Sachs, former executive in Paypal and the investment capitalist as “Caesar’s encryption” in December. Bags Pre -support All the first five currencies that were distinguished for the strategic reserve. He says he has since stripped his property.

Jonathan Rose, CEO of Blocktrust Ira said, Newsweek Trump’s command “will put the United States as a global leader in government digital asset strategies, as well as allowing the government to participate in one of the fastest growing assets in all ages.”

But while Rose said that the procedure will give the United States “the largest government reserves in the world”, he admitted that some cryptocurrencies may be disappointed that the United States does not buy Bitcoin with taxpayers money, but rather to keep the bitcoin seized from criminal companies.

“By refusing to spend taxpayers ‘money on Bitcoin at this time, the president avoids criticism or potential opposition from citizens or opponents who may try to draw this step as” gambling “with taxpayers’ money. “The government aims to make any additional acquisitions on Bitcoin” neutral “, thus setting the foundation to find innovative ways to add it to the government’s Bitcoin reserves while maintaining its primary focus in the budget budget.”

Ryan Rasmussen, head of research at Bitwise, told Newsweek The markets were “still digesting the news in the short term”, but it noted that it was “a fixed believer” that Trump’s actions would be “emerging for Bitcoin and the long -term encryption market.”

The VAT founder, Eric Poller, also said that short -term fluctuations in encryption are expected to be a “foolish mission” to guess that ascension and landing.

“The encryption markets are dramatically by whales and market makers for their own purposes, and they often act contrary to the news-even if the news is very positive or negative in the long run,” Polier said. Newsweek. “So for those” betting “or daily trading in the encryption market, national coding reserve news should not be used to inform immediate trading.”

He agreed with Rasmussen, saying that announcing a strategic reserve was “positively positive” for CRPYTO in the long term and that the reserve “gives a specific character of legitimacy” in a market that has long been seen by many audiences.

“The medieval view is that bitcoin is poisonous and bad, and for criminals. It is an extraordinary step to move from that to the greatest country on Earth, saying it is strategic reserve assets that deserve to be possessed,” Rasmussen said.

The researcher added that the president’s recent actions are a means of Trump to preserve the promises of the campaign he presented to “a large circle of unitary encryption voters who voted for his favor on the basis that he will present the strategic bitcoin reserve.”

“This was just one of the many promises, including the removal of Gary Ginsler as Chairman of the Securities and Stock Exchange Committee and the United States as” the world of encryption in the world. “

Polar said he believed that embrace of encryption can encourage “broader institutional participation and retail” in space.

“Bitcoin and digital asset stocks have laid the basis for increasing government acceptance and adopting encrypted currency as a category for basic assets to move forward.”

“President Trump’s strategy shows that he has not only a clear plan, but also have a bright understanding of the satirical factors of the encryption market. The future of encryption shines very bright.”