President Trump has signed an executive order that fundamentally changes the U.S. approach to digital assets by supporting blockchain and designating Bitcoin as a national reserve.
Trump Boosts Blockchain, Rejects State Digital Currencies
The U.S. government is redefining its stance on digital assets. President Trump signed an executive order to support blockchain technology and oppose government-backed digital currencies, marking a substantial shift in policy.
Strategic Bitcoin Reserve Alters Asset Landscape
The executive order introduces a Strategic Bitcoin Reserve and alters asset management strategies. Bitcoin will be held indefinitely, reducing market supply. Financial, regulatory, and technological shifts are anticipated.
U.S. Emulates 20th-Century Gold Reserve Strategy
Past government actions involved asset auctions. Now, the U.S. mirrors 20th-century gold reserve strategies by holding Bitcoin as a strategic asset. This policy shift could stabilize Bitcoin's presence in the market.
The signing of the executive order by Trump indicates significant changes in the management of digital assets, which may influence the future of cryptocurrencies at both government and market strategy levels.
