Bloomberg: Trump Could Sign Bitcoin Strategic Reserve at Crypto Summit

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Testimony of an informant... "May make a surprise announcement"
"The US government is holding a large amount of seized BTC"

Bloomberg "Trump may sign an executive order on Bitcoin strategy at the Crypto Summit"
Bloomberg reported on the 7th, citing testimony from an informant, that President Trump may sign an executive order on the strategic stockpiling of Bitcoin (BTC) at the 'Crypto Summit' cryptocurrency meeting scheduled for the 7th.

Earlier, President Trump mentioned the US government's strategic stockpiling of cryptocurrencies on his social media platform 'Truth Social' on the 2nd. The White House is scheduled to hold a 'Crypto Summit' cryptocurrency meeting on the 7th to discuss and announce major US cryptocurrency policies and regulations. It was reported that President Trump's official 'surprise announcement' could take place at the Crypto Summit.

Bloomberg explained that the US government could pursue the strategic asset-ization of Bitcoin based on the fact that the US government already holds a large amount of Bitcoin.

The officially disclosed Bitcoin holdings of the US government are currently over 215,246, exceeding 1% of the total Bitcoin production. The US government holds a number of Bitcoins seized from criminal scenes, including 50,000 Bitcoins seized from the dark web 'Silk Road' in 2012.

Earlier, US Commerce Secretary Gina Raimondo also revealed in a media interview on the 5th that Bitcoin is now on the list of definite strategic assets of the US government. Based on these testimonies, Bloomberg's report is generating great expectations in the market.

Meanwhile, Bloomberg reported that if President Trump realizes the strategic stockpiling of cryptocurrencies, various parts such as cryptocurrency tax regulations in the US could change.

Reporter Kwon Seung-won ksw@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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