President Donald Trump signed an executive order to create a strategic reserve of cryptocurrencies, deploying existing government-owned tokens, especially Bitcoin. While reactions from crypto executives were positive, Bitcoin initially fell by 5.7% but later recovered to around $89,410. The order, emphasizing Bitcoin's role as a strategic asset like 'digital Fort Knox,' aims to bolster U.S. leadership in the crypto sector without burdening taxpayers. Critics, however, raise concerns about potential market inflation from the national reserve.
"This Executive Order underscores President Trump's commitment to making the U.S. the 'crypto capital of the world,' emphasizing that the administration views Bitcoin as a strategic asset that will not be sold, likening it to 'a digital Fort Knox.'"},{
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