Digital Fort Knox!!

 Digital Fort Knox!!

Trump's promise of a strategic reserve and expectations for easier industry regulation had seen the token surge to an all-time high at $109,071.86 in January.

"Bitcoin Reserve reserve will only include Bitcoin already owned by the US government," O'Neill said, adding that "there is no indication yet of how much, if any, would be acquired nor a timeline."

A "Strategic Bitcoin Reserve" will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X.

Picture below: U.S. President Donald Trump holds a signed executive order on cryptocurrencies, in the Oval Office of the White House, in Washington, U.S., January 23, 2025.

Courtesy of: https://www.reuters.com/technology/trump-signs-order-establish-strategic-bitcoin-reserve-white-house-crypto-czar-2025-03-07/

Separately to the bitcoin reserve, there will also be a "U.S. Digital Asset Stockpile", consisting of tokens other than bitcoin, but the government will not add to the stockpile "beyond those obtained through forfeiture proceedings", Sacks said.

The order kept open the possibility of the government buying bitcoin in future. The U.S. commerce and treasury secretaries "are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers," a factsheet on the White House website said.

"The significance of this executive order is mainly symbolic, as it marks the first time Bitcoin is formally recognized as a reserve asset of the United States government," said Andrew O'Neill, digital assets managing director at S&P Global Ratings.

Trump this week named bitcoin, ether, XRP, solana and cardano he expected to be included in a government reserve thus spiking the market value of each crypto asset.