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Strategic Bitcoin Reserve Established by Executive Order

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07 Mar 2025 — 1 min read

Strategic Bitcoin Reserve Created by Executive Order

Trump Signs Order for Strategic Bitcoin Reserve

On Thursday, President Donald Trump fulfilled a key campaign promise by signing an executive order to create the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile. This move comes after much anticipation regarding his administration's stance on cryptocurrencies.

Market Reaction

Despite expectations that the announcement might bolster bitcoin prices, the largest digital currency has actually seen a decline of over 2% since the news surfaced. This dip echoes a similar pattern observed earlier in the year when bitcoin's price initially dropped following the SEC's approval of bitcoin exchange-traded funds (ETFs) in January. At that time, BTC fell by 20% within a fortnight of the approval.

Future Prospects

Despite the initial downturn, history shows potential for a bullish rally. In the wake of the ETF approval, bitcoin prices soared to unprecedented highs just months later, indicating possible optimism for a future positive trend.

As the digital assets landscape evolves, stakeholders remain watchful of how this new reserve and stockpile will impact the market moving forward.

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