The US has announced the creation of a strategic Bitcoin reserve using forfeited assets, which may affect the cryptocurrency market and financial security.
Establishment of the Strategic Reserve
According to reports, the US government has initiated the establishment of a strategic Bitcoin reserve, to be formed from confiscated assets. This move is supported by President Trump's executive order and legislative efforts by Senator Lummis, which propose shifting seized crypto into long-term reserves instead of auctions.
Significance for Financial Security
The new Bitcoin reserve is aimed at enhancing the country's financial security. The policy being implemented by the executive order focuses on secure storage and safeguarding national interests. As President Trump stated, 'The United States will not sell bitcoin deposited into this Strategic Bitcoin Reserve, which will be maintained as a store of reserve assets.'
Impact on the Crypto Market
The establishment of the strategic reserve could significantly alter the dynamics of the digital asset market. Reduced selling pressure from previously auctioned Bitcoin may increase demand in the market. Currently, 200,000 BTC are already under federal control, with Senator Lummis proposing to raise this number to one million by 2030.
This initiative has the potential to change the approach to digital asset policy in the US and significantly impact Bitcoin's status in the market, adapting traditional asset management methods to modern requirements.
