America Is Creating a Bitcoin Reserve But Crypto is Crashing: What The F?

Why is everyone selling their digital gold? Trump literally made a Federal Bitcoin Reserve dedicated to BTC last week.

Lately, crypto has been on such a losing streak that even its biggest cheerleaders are running out of excuses:

• BTC and ETH ETFs approved
• USA adopting BTC as a reserve
• President of US and most famous person on earth issued a memecoin

None of these narratives were enough to shake us out of a bear market. And now the doomers are saying crypto has peaked its mindshare and it has begun its perennial downward slide. How true is this?

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Bitcoin Reserve Starts As Wild Failure

At the heart of Trump’s plan is the government’s significant Bitcoin stash, which has been seized over the years in criminal and civil investigations. David Sacks, the White House cryptocurrency czar, estimates these holdings now total around 200,000 Bitcoin, currently valued at $16.7 billion. The executive order directs the U.S. Treasury Department to audit these assets and manage them as reserves, similarly to gold and foreign currencies.

“This Executive Order underscores President Trump’s commitment to making the U.S. the ‘crypto capital of the world,’” Sacks stated, further describing the initiative as a “digital Fort Knox.”

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