President Trump's executive order establishes US Bitcoin reserve, boosting investment confidence

From Cointelegraph
March 7, 2025 6:32:24 am:

President Donald Trump signed an executive order establishing a US Strategic Bitcoin Reserve and National Digital Asset Stockpile, aiming to boost wider Bitcoin adoption. Investment analysts and industry leaders see this move as a catalyst for other countries and private investors to invest in BTC with renewed confidence.

Large institutional investors now have “no excuse” for not increasing exposure to Bitcoin, as endorsed by the Trump administration. The probability of the US government and states procuring Bitcoin has increased, with the likelihood of outlawing Bitcoin definitively zero.

The Bitcoin reserve will include BTC already owned by the US government, specifically assets from criminal or civil procedures. The order symbolically recognizes Bitcoin as a reserve asset and allows for acquiring additional Bitcoin, budget-neutral.

A successful White House crypto summit on March 7, led by Trump, could see Bitcoin reclaim $100,000 and boost crypto assets like Ether, XRP, and Solana. The summit’s outcome may influence regulatory clarity, token classification, tax incentives, and reduced enforcement actions, potentially benefiting banks and funds.

Germany’s ill-timed decision to sell 50,000 BTC between June and July 2024 at an average price of $60,000 per BTC resulted in a loss of over $1.58 billion for the government. The BTC stash was accumulated through seizures from the movie piracy website movie2k, generating around 2.6 billion euros in profits.

Read more at Cointelegraph: Trump’s Bitcoin reserve order reshapes institutional crypto investment