Key Takeaways
- Trump's executive order establishes a Strategic Bitcoin Reserve.
- Industry leaders predict G20 nations will follow the US move.
- Experts suggest ways to grow reserves without taxpayer costs.
On March 6, President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve, ensuring that seized Bitcoin will be held as a national asset rather than sold.
The reserve is designed to function as a “digital Fort Knox.”
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick have been tasked with formulating budget-neutral strategies to expand the reserve without additional taxpayer costs.
Industry leaders react
Michael Saylor, chairman of Strategy (formerly MicroStrategy), praised the move, stating:
The US now has the world’s largest Strategic Bitcoin Reserve.
Senator Cynthia Lummis called the move a fulfillment of Trump’s promises, declaring:
We are becoming the Bitcoin and digital asset capital of the world. America is so back.
Coinbase CEO Brian Armstrong described the order as a “historic moment for Bitcoin” and predicted that G20 nations would…
… take notice and eventually follow America’s leadership.
Global Bitcoin adoption expected to accelerate
Bitwise CIO Matt Hougan emphasized that this move reduces the risk of a US Bitcoin ban and increases the chances of other nations establishing reserves.
He noted that countries might act quickly to accumulate Bitcoin before the US drives up demand.
Meanwhile, analyst Kanazawa outlined potential strategies to grow the reserve without taxpayer burden, including seizing assets, reallocating gold reserves, and leveraging excess energy for Bitcoin mining.
