crypto

brypto

"The government will not acquire additional assets for the Stockpile beyond those obtained through forfeiture proceedings."

It's so over.

Trump signed an executive order to establish a Bitcoin reserve and digital asset stockpile. The reserve will initially only hold confiscated BTC ($18B) and will later look at options to acquire more using a budget neutral strategy.

Short term crypto prices reacted negatively perhaps because the market was optimistic about outright buying. Long term this executive order is bullish for the industry.

Farcaster OG | FID: 10174 | @fireflyapp Ambassador | /bnfarcaster 🎙 in Spanish  | https://web3.bio/cryptowenmoon.eth

IMO, starting with confiscated BTC is an interesting move, better than just selling it off. 
The market wanted direct buying, so the short-term dip makes sense. 
But long-term, this is a huge step toward Bitcoin being seen as a real strategic asset. Just my opinion.