You've probably heard the news somewhere by now. If not, here it is again in brief:
President Donald Trump yesterday signed an executive order to establish a Strategic $BTC (-4,94%)
Reserve and a U.S. Digital Asset Stockpile.:
- Strategic Bitcoin Reserve:
- Bitcoin is officially recognized as a reserve asset.
- The reserve starts with bitcoins already confiscated by the Ministry of Finance from criminal and civil proceedings.
- No sale of the stored Bitcoin - they serve permanently as a strategic asset.
- New Bitcoin is to be acquired in a budget-neutral manner, i.e. without any additional burden on taxpayers.
- U.S. Digital Asset Stockpile:
- Consists of other digital assets that also originate from criminal or civil proceedings.
- No additional purchases planned - management is exclusively via already seized assets.
- Possible sales are conceivable at the discretion of the Treasury Department.
A clear distinction is therefore made between Bitcoin and altcoins. Bitcoin will not be sold and will serve as a reserve for storing value. New Bitcoin is to be acquired on a budget-neutral basis (perhaps, as proposed by Senator Lummis, through the sale of gold reserves - if still available in Fort Knox🤭).
The altcoins in the Digital Asset Stockpile will not further increased and sold if necessary sold if necessary.
Bitcoin has now officially been given the status of a store of value and reserve asset - by the world's largest economic power. By storing it permanently and deliberately refraining from selling existing Bitcoin holdings, Bitcoin is being presented to the outside world as a reliable store of value. In my opinion, this signal will strengthen the confidence of both institutional and private investors. It will become clear that Bitcoin is not just a speculative investment instrument, but will be anchored as a strategic asset in official reserves.
What a time to be alive🧡
Clear differentiation from altcoins
While Bitcoin serves as a permanent reserve, altcoins remain classified as managed but potentially saleable assets. This distinction signals that Bitcoin and altcoins are clearly differentiated. Bitcoin is a fair, decentralized, censorship-resistant, democratically regulated, absolutely limited asset in the form of a monetary network. Altcoins, on the other hand, are issued by centralized bodies that enrich themselves financially from the sale of their token. Furthermore, altcoins are completely dependent on their founders, companies, foundations, etc. and are not decentralized, which is why they are not suitable for a state reserve.
I find it incredibly important that a clear distinction was made between Bitcoin and altcoins, and I think this was anything but clear after the stupid announcements in the run-up.
Even if the market is now falling somewhat because some investors are apparently still disappointed: The announcement exceeded my expectations. I assumed from the outset that, as a first step, only the confiscated cryptocurrencies would be transferred to a state reserve. However, the fact that the document explicitly states that Bitcoin can be purchased on a budget-neutral basis is very positive. The fact that the altcoins will not be bought, but sold if necessary, is also positive. I simply think they had to do the altcoin lobbyists a favor because they had donated hundreds of millions to Trump. However, the USA was probably also aware that a state altcoin reserve makes no sense whatsoever.
What do you think? :)
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