Trump Establishes U.S. Strategic Bitcoin Reserve

President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve, marking a major shift in U.S. financial strategy and reinforcing Bitcoin's role as a 'digital gold'. The reserve will hold approximately 200,000 BTC seized from criminal and civil forfeiture proceedings, serving as a long-term store of value akin to a 'digital Fort Knox'. This move includes a directive for a comprehensive audit of U.S. government-held Bitcoin to provide transparency and accountability. Despite Bitcoin's price initially dropping by about 5.7%, the order is seen as a significant step towards mainstream cryptocurrency adoption, with plans for a related 'Crypto Summit' at the White House. The administration seeks to avoid past financial missteps where premature Bitcoin sales cost taxpayers billions. Additionally, the executive order authorizes the development of budget-neutral strategies to acquire more Bitcoin without additional taxpayer expense.