President Donald Trump signed an executive order on March 6 establishing a Strategic Bitcoin Reserve and a Digital Asset Stockpile and directing the federal government to retain forfeited crypto as a long-term store of value.

The order further states that Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will be tasked with developing budget-neutral strategies to expand the country’s BTC holdings without incurring additional taxpayer costs.

The market reacted negatively to the revelation that the government would not immediately acquire more BTC for the reserve.

I am crypto fun. I think blockchain is a power.

Interesting move! Let's see how this affects Bitcoin's long-term value and market dynamics.