Today is a big day for crypto community and specifically in US. This is big because finally the road to have bitcoin strategic reserve is clear and an executive order has been signed. This is a beginning of something big in the market and currently we can see how the Bitcoin prices are going down but it's not a matter of concern.
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The policies behind this strategic reserve is planned well. Few of the points like whatever bitcoin is held will not be sold and also there will be no currency printing to buy Bitcoin.
A "Strategic Bitcoin Reserve" will be capitalized with bitcoin owned by the federal government that was seized as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X
Now we can expect more demand for Bitcoin because with this executive order in United States the stance for Bitcoin is legal. Though it's already a legit asset class having spot ETF listed in exchange but addition to that this strategic reserve.
Basically there are different ways that are suggested in this policy where no access money should be printed to buy the Bitcoin but instead they have been suggested to figure out different revenue sources and that when you should be used to buy the digital assets. I believe that this will also increase a lot of institutional investor and many return investors to come forward and invest in this asset because now I stamping has been done by the United States.
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