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Олександр КузьменкоCrypto
7 March 2025, 13:11
2025-03-07
Trump signed an executive order creating the US Strategic Bitcoin Reserve, which disappointed the crypto community and caused a decline in the price of BTC
US President Donald Trump has signed an executive order to create a Bitcoin Strategic Reserve, White House Director of Cryptocurrency and Artificial Intelligence David Sachs said. Despite the positive expectations of the crypto community from this decision, this statement failed to provide Bitcoin with growth, and led to its fall from $90,000 to approximately $84,600. What is the reason?
US President Donald Trump has signed an executive order to create a Bitcoin Strategic Reserve, White House Director of Cryptocurrency and Artificial Intelligence David Sachs said. Despite the positive expectations of the crypto community from this decision, this statement failed to provide Bitcoin with growth, and led to its fall from $90,000 to approximately $84,600. What is the reason?
As Euronews notes, the value of BTC subsequently increased to $87,000, and is currently $89,290.
The order to create the Strategic Reserve disappointed cryptocurrency enthusiasts, as Sachs noted in his post that the reserve would be capitalized with Bitcoin assets owned by the federal government from criminal and civil forfeiture cases, and taxpayer money would not be used to purchase cryptocurrencies.
«The government will not purchase additional assets for the Reserve, other than those obtained through confiscation,» he stated.
The statement also emphasized that the government will retain the existing 200,000 BTC as a store of value. Sachs said that the US will not sell «any Bitcoin» deposited into the Reserve, and that it will be held as a means of savings.
«The premature sale of Bitcoin has already cost American taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its assets,» said the head of the White House cryptocurrency office.
Trump’s executive order also provides for the creation of a U.S. Digital Asset Fund, «which will consist of digital assets, other than Bitcoin, seized in criminal or civil proceedings.»
Earlier, US President Donald Trump announced that Bitcoin, Ethereum, XRP, Solana and Cardano would be included in the country’s new strategic cryptocurrency reserve. This led to a rapid increase in the value of these coins, as well as the crypto market as a whole, by $300 billion. However, this increase was nullified after Trump confirmed 25% tariffs on Canada and Mexico, as well as an additional 10% levy on Chinese imports.
«This year, Bitcoin has proven to be more sensitive to macroeconomic trends, including trade wars and interest rate dynamics. As large Wall Street firms now have access to the coin, it is more sensitive to significant liquidity flows, contributing to its volatility,» wrote Uldis Teraudklans, Paybis’ chief revenue officer.
Recall that among the 5 cryptocurrencies that will be included in the new US strategic reserve is Solana, founded by Ukrainian Anatoly Yakovenko. It was on the Solana platform that the memecoins of the American president and his wife were issued .
