Reported 2 days ago
President Trump's executive order to create a strategic bitcoin reserve and crypto stockpile is considered a major turning point for the cryptocurrency sector, according to investment bank KBW. The reserve will hold seized bitcoin assets, and the government plans to buy more, maintaining bitcoin as a key reserve asset. KBW estimates the government currently holds about 198,000 bitcoin, and potential funding methods for future purchases include selling some of its gold reserves or issuing 'Bitbonds'.
Source: YAHOO