Trump signs a bitcoin reserve order, decreased the value of encryption • Register

comment It is official: President Donald Trump signed an executive on Thursday to create the American Bitcoin Reserve and relevant digital assets, although the value of the coins was strengthened, the market interacted negatively with the news.

Bitcoin, Ethereum, and other encryption fell, and somewhat regained, as people dealt with advertisement. It is worth noting the markets in general in the United States drop Currently because of the White House largely Face On the tariff for importing against American neighbors and allies. Therefore, it is not just misery with the president’s approach to Uncle Sam, who holds the digital assets that lead the value of encrypted currencies.

Trump’s executive order is summarized in this matter: The Treasury was ordered to create two hooks, a bitcoin reserve, a strategy and a digital asset stock. Both are inhabited by cryptocurrencies that are already carried by the federal government that was seized as part of the confiscation of criminal or civil assets or as part of a cash penalty, where the stock is filled with everything regardless of bitcoin.

Federal agencies in BTC and other coins have 30 days to deliver them to the cabinet. The Ministry of Treasury, in turn, must put all the encryption properties in the reserve or inventory, except when officials have a reason to disturb it to pay the crime victims, the settlement of debt or pay for services. It is interesting, it is I mentioned Marshals in the United States, for one, has lost exactly the amount of the cryptocurrency that it has – among other things, the service runs the assets seized by the Federalists – which complicates this entire process, if it is true.

Bitcoin may not be sold in the reserve “and it must be preserved as reserve assets for the United States,” and he reads the president’s order. Although the same does not apply to the stock, this means that all bitcoin heading to the reserve is officially out of the market, which may help pay the price of all bitcoin because there is less than that. On the other hand, coins are not used in transactions and trade.

“From a general economic perspective, if the assets are imprisoned in a digital cellar, they only sit there, and it does not matter much if the value is estimated.” Record In a phone conversation.

If the assets are imprisoned in a digital cellar, they are sitting there, and it does not matter much if they value the value

According to the White House Crypto and Ai Char David Sacks, the United States government He has about 200,000 BTC obtained through confiscation, worth about $ 18 billion until writing. It is not clear how many other currencies dedicated to the United States’s stockpile, but Bennett indicated that most of the confiscations were in Bitcoin.

When asked if Trump’s order leaves the United States as a bitcoin bag holder with a pile of assets that can be converted into cash or exchange for other symbols, but it will not be, Bennett should admit that it was a clear possibility.

“Given this on the light of the cold day, this argument is very logical,” said Bennett.

Crypto CRITIC Molly White Tell us via email, the executive matter makes it quite clear that the practical arguments for the creation of Bitcoin reserves have been presented through the same matter.

White said: “They have not yet established any clear argument about the reason for such reserves for the country.” “Some politicians’ attempts (for example, LomesSaying that it can be used to pay national debt if Bitcoin is explicitly estimated from the point in the executive matter that the United States will not sell symbols.

One hitting a happy encryption industry.

No purchase, there is no market strengthening

Another main point in Trump’s advertisement, and it is likely that the world that made the encryption world is unhappy with its announcement, is the fact that it only allows the reserve and storage to grow in one of two cases: either through the lost additional assets, or in the state of reserves, through Bitcoin purchases that “are the neutral budget and are not characterized by the increasing purpose of the tax on the United States.”

The request does not make any sculpture to buy the assets of encryption other than Bitcoin.

White believes that most of the dissatisfaction between the mobilization of digital assets this week because of this matter came from the realization that Trump will not “pump their bags by buying a group more than encryption”, a point that Bennett agrees. Remember that this is the same president Metal currencies have been pumped About himself and his wife as he was returning to power in January.

“Many people are very excited about the possibility that the Trump administration will create something closer to what RFK JR – a” strategic reserve “described by leaving and buying huge amounts of Bitcoin,” White said, referring to the Minister of Health, Robert F. Kennedy Junior.

“There is still room for new acquisitions, [but] It is still mysterious, and certainly do not make the “budget neutrality” to be terribly possible purchases.

Likewise, Bennett told us that the encryption community was hoping that the stock would include buying a lot of cryptocurrencies and raising the price – which is not only satisfied with those who want to see prices, but meet the hopes of speculators as well.

“There is a complete speculative industry around the cryptocurrency,” Bennett said, referring to futures and other stakes that people have made on bitcoin and other coins. Bennett pointed out that these bets will not happen because not buying. ”

As for how to buy a “budget neutral” for Bitcoin, Bennett said that the only thing you can think about, given that the cabinet that runs the entire offer is if there is a budget surplus in the federal reserve, which is supposed to be delivered to the cabinet every year.

“Currently, the Federal Reserve does not return any money to the cabinet, so [that avenue is] The default Bennett said.

Hit two hopes of encryption, then.

In addition, the holders of currency, and merchants, and whom, said that the executive order will give the government an additional reason to eliminate them.

White said: “Some (reasonably) notes that this is a twisted incentive for the government to seize more bitcoin and encryption assets for its pocket.”

“They have tried to avoid complaints from the unpleasant world that the administration takes the money of citizens and turns into pockets of encryption holders, but everything in the details of the reserves so far has resulted from this perception.”

There is your third strike.

As of the writing of this report, BTC has decreased nearly three percent over the past 24 hours, and more than seven percent decreased during the past five days, and 10 percent for this month. On the other hand, more than 60 percent has risen over the past six months. And 30 percent of this year. ®