It's Official...Trump signs Executive Order for U.S. Strategic Bitcoin Reserve

The Sonofabitch Did It.

On the eve of the White House Crypto Summit, Donald J. Trump announced a U.S. Stretegic Reserve. Promises made, promises kept. Good on you Donny. Now it's not exactly everything we hoped for, but it's a hell of a start. Here's why.

Crypto Czar David Sacks announced on X that the Reserve will be funded by seized Bitcoin. This means the United States will not be actively buying Bitcoin. Rumors were swirling that the U.S. may have been in the market for 1,000,000 BTC. Instead they are buying zero. America is said to hold somewhere north of 200,000 seized BTC, with an immediate audit promised. Btw, if you don't follow Sacks you should. https://x.com/davidsacks47 

On a side note, a "Crypto Stockpile" was also announced as part of the Executive Order. This is to be made up of various Altcoins that the country takes over from bad actors. They will also not be purchasing any Altcoins.

All things considered this is wildly positive news. The U.S. announcing this has the potential to sway other nations to follow. The U.S. will no longer be selling crypto into the market. No more government ghost dumps. Currently the market is reacting negatively to the news, but I'd say wait and hear what comes out of tomorrow's Summit before you do anything silly.

Enjoy the ride. Crypto may becoming legitimate.