U.S. President Donald Trump's recent executive order to study the creation of a national digital asset stockpile has sparked lively debate within the cryptocurrency community. Analysts and industry representatives have expressed both support and criticism for the new plan.
Trump's Order and Community Reaction
On January 23, U.S. President Donald Trump signed an executive order to establish a working group to study the creation of a national digital asset stockpile. The order did not specifically mention Bitcoin, causing dissatisfaction among cryptocurrency activists. Popular podcaster Peter McCormack noted this omission in his post on X, expressing disappointment over the lack of direct mention of Bitcoin.
Perspectives and Opinions
The use of the term 'digital assets' in the order has also sparked debate. Ikigai Asset Management's Chief Investment Officer Travis Kling noted that the Bitcoin community is struggling with this term. However, Dennis Porter, CEO of the Bitcoin-focused Satoshi Action Fund, pointed out that using a neutral term like 'digital assets' could help reduce political friction and aid in making the U.S. the largest holder of Bitcoin globally.
Future of Digital Reserve
David Sacks, Trump's crypto and artificial intelligence czar, will head the study on the digital asset stockpile. Sacks indicated that no decision has been made yet on establishing the reserve. A thorough evaluation of the matter is planned before any further action is taken.
President Trump's executive order on digital assets has elicited polarized reactions within the cryptocurrency community. Further detailed study and discussion of this initiative are necessary before concrete steps can be taken.
