Trump Establishes Strategic Bitcoin Reserve Amid Market Decline

President Trump has signed an executive order to establish a Bitcoin Strategic Reserve, a significant move aimed at positioning the U.S. as a leader in the cryptocurrency sector. This initiative will involve holding Bitcoin as a reserve asset, akin to traditional reserves like gold, and is seen by investment bank KBW as a pivotal moment for the crypto industry. The U.S. government is estimated to hold around 198,000 bitcoins, with plans to explore options for accumulating more, including potential partnerships with miners and the issuance of treasury bonds linked to Bitcoin. The executive order acknowledges Bitcoin's unique properties and aims to foster innovation and economic resilience amidst a digital economy. The move has been met with enthusiasm in the crypto community, with leaders expressing gratitude for the administration's support at a recent Digital Asset Summit. In contrast, the president of the Swiss National Bank has voiced skepticism about Bitcoin's viability as a reserve asset due to its volatility and liquidity concerns.