The Strategic Bitcoin Reserve is finally real

7 months ago 7

The United States has gotten serious about Bitcoin — though maybe not as serious as some had hoped.

On Thursday, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve, and a U.S. Digital Asset Stockpile.

Essentially, this means that the U.S. government now treats Bitcoin as a reserve asset, similar to gold. However, it does not mean that the government will be buying Bitcoin. From the White House announcement: "The Strategic Bitcoin Reserve will be capitalized with bitcoin owned by the Department of Treasury that was forfeited as part of criminal or civil asset forfeiture proceedings."

"The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets," the text of the Order further states.

For a video of Trump signing the order whilst seem...

Source: https://mashable.com/article/strategic-bitcoin-reserve

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