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Category: CRYPTO NEWS
The post the Bitcoin reserve will be like a Digital Fort Knox appeared on BitcoinEthereumNews.com. Yesterday, Donald Trump established a “Digital Fort Knox” by signing an executive order to set up the Strategic Bitcoin Reserve. For now, the reserve will include the 200,000 BTC obtained from confiscation proceedings. The bitcoins in the U.S. reserve will not be sold. The AI and Crypto Czar of the White House, David Sacks, commented on the event on X. Trump signs for the Strategic Bitcoin Reserve of the USA as a ‘digital Fort Knox’ Yesterday, the President of the USA Donald Trump signed an executive order to establish the Strategic Bitcoin Reserve. The Ai and Crypto Czar of the White House, David Sacks, commented on the incident on X, describing that the Bitcoin (BTC) in the reserve are owned by the federal government. Such BTC had been confiscated as part of criminal or civil asset forfeiture proceedings and therefore are not a burden on U.S. taxpayers. Sacks states that the USA owns about 200,000 BTC, equivalent to about 18 billion dollars. The executive order signed by Trump requires a full accounting of the digital assets held by the federal government. Not only that, another important factor characterizing this new Strategic Bitcoin Reserve of the USA is that the BTC will not be sold, but kept as a store of value. This is how Sacks writes: “The United States will not sell the bitcoins deposited in the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the crypto often called “digital gold”.” Trump and the Strategic Bitcoin Reserve as a “Digital Fort Knox” The Fort Knox is the famous bullion depository of the United States, which is said to hold millions of ounces of gold within its bomb-proof granite walls. It is a top-secret base of the US army, located…
2025-03-07T14:44:13+00:00
https://bitcoinethereumnews.com/bitcoin/the-bitcoin-reserve-will-be-like-a-digital-fort-knox/?utm_source=rss&utm_medium=rss&utm_campaign=the-bitcoin-reserve-will-be-like-a-digital-fort-knox