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President Trump has signed an executive order to create a Strategic Bitcoin Reserve, likening it to a digital Fort Knox.
What’s the Scoop?
- No Cost to Taxpayers: The reserve will be capitalized with Bitcoin forfeited by the federal government in criminal or civil proceedings, ensuring no taxpayer money is spent.
- Digital Asset Accounting: The order mandates a full accounting of federal digital asset holdings, with 198,109 BTC already in possession.
- Digital Fort Knox: Bitcoin in the reserve will not be sold and is held as a store of value, similar to the concept of Fort Knox.