Crypto Community Reacts to Trumps Strategic Bitcoin Reserve

World Crypto Global

Crypto News

Top News By Agency By Country By Publication Time The Most Read Stories Most Viewed Agencies All News Crypto Community Reacts to Trumps Strategic Bitcoin Reserve © Copyright Image: CryptoPotato

American President Donald Trump made numerous pro-crypto promises during his campaign last year. One of those included establishing a strategic Bitcoin reserve.

Earlier this month, he kept his word and signed an executive order to create such an initiative. He also ordered the formation of a Digital Asset Stockpile.

The strategic Bitcoin reserve is designed to hold BTC as a reserve asset and will be comprised of holdings acquired through criminal or civil asset forfeiture proceedings. The US Digital Asset Stockpile will serve the same purpose and consist of altcoins obtained through similar seizure efforts.

Reactions From the Community

The development became the talk of the town, and many industry leaders gave their two cents. One of them, Arthur Beitman, co-founder of the blockchain platform Tezos, recently told CryptoPotato that the strategic reserve is an interesting concept but suggested that only time will tell whether it will succeed.

Usually strategic reserves are meant to match potential liabilities, e.g. oil. Foreign reserves play the dual role of matching potential liabilities from international trade and helping stabilize the domestic currency. But perhaps its meant as reparations from the government to the industry for past lawfare? Who knows, he added.

Alex Shevchenko CEO and co-founder of Aurora said establishing a BTC reserve is a turning point, marking the recognition of the primary cryptocurrency as a strategic financial instrument, not just by some businesses but by governments themselves.

US is positioning itself ahead of the curve. Other nations will have no choice but to respond. I believe were going to see many countries follow US innovation at this point. This isnt just about the US leading in crypto, its about Bitcoin becoming a core asset in geopolitical finance, the exec stated.

Additional Opinions

Other well-known people who weighed in on the initiative include Anthony Scaramucci and Michael Saylor. The former White House official said he believes in the BTC reserve not because it will help Bitcoin, but because it will help the United States.

It is important to note that Scaramucci was part of the US government during Trumps first presidency. He was once a firm proponent of the Republican, but in 2019, he withdrew that support, citing concerns over the presidents behavior and rhetoric.

For his part, Strategys Executive Chairman described the creation of a strategic BTC reserve in America as a historical moment and a turning point in the financial and geopolitical landscape of the 21st century.

Despite the overall positivism, the ultimate crypto bear, Peter Schiff, will always find a way to criticize a major crypto development. Not long ago, the economist known for his affection toward gold claimed that political and financial interests drove the decision.

Under pressure from his donors and conflicted cabinet members, Trump just signed a bogus executive order to create a Strategic Bitcoin Reserve using the Bitcoin the government already owns, he maintained.

Read more: https://cryptopotato.com/crypto-community-reacts-to-trumps-strategic-bitcoin-reserve/

Text source: CryptoPotato

BTCEUR BTCGBP BTCUSD BTCUSDT Crypto News featured1 Bitcoin Donald Trump United States Written by Dimitar Dzhondzhorov On Sun, 16 Mar 2025 Disclaimer: Financial information and news are not financial advice, read the disclaimer. Buy & sell Crypto in minutes

Join BINANCE!

The world's largest crypto exchange

The 7 Most Read Stories Best NFT Airdrops and Giveaways for October 2022 These Are The Bitcoin Predictions For 2023 By Arcane... Lightning Labs Announces Cheaper Way To Send Money W... Potential Loss of $50K in Plea Deal for Suspected Ha... Tom Brady, Gisele Bundchen And Sam Bankman-Fried Sue... Best Bitcoin Wallets The new $10 billion protocol: Bitcoin builder explai... View All Most Viewed Agencies InsideBitcoins.com BitcoinChaser Blockonomi

The most complete Crypto News Center.

Search Stories:

Latest top stories

Mastercard Partners with OKX for Seamless Stablecoin Transactions

News: Circle: Crypto: Mastercard: Nuvei: OKX: Paxos: stablecoin: USDC:

By TronWeekly On Tue, 29 Apr 2025 $KOPS is the New King of Memes in 2025 Dont Miss Out Like You Did with $WEPE

More News:

By Crypto Daily On Mon, 28 Apr 2025 1INCH price up 15% as BTC gains: whats driving 1inch higher?

Markets: Altcoins: BTC: Price:

By CoinJournal: La... On Mon, 28 Apr 2025 Cardano (ADA) Price Predictions for This Week

ADABTC: ADAUSD: Crypto Bits: Crypto News: Cardano (ADA) Price:

By CryptoPotato On Mon, 28 Apr 2025 DOGE and SHIB Rival Solana Memecoin 'Trump Ends Tariffs' (TRUMPTAR) Set for Massive 9,000% Rally

More News:

By Crypto Daily On Mon, 28 Apr 2025 Pi Network and Avalanche Are Growing; Cold Wallets Privacy Presale Could 50x In 2025

More News:

By Crypto Daily On Mon, 28 Apr 2025 Ethereum Price Stays Bullish & Chainlink Shows Mixed Signals While Web3 ais AI Tools Lead 2025 Crypto Watchlist

More News:

By Crypto Daily On Mon, 28 Apr 2025 Pi Network Battles Regulatory and Technical Obstacles Amid Stalled Recovery

Altcoins:

By Coindoo On Mon, 28 Apr 2025 Faith Protocol Presale Live - Only 3.6M Tokens with Huge Potential of RWA Eco System.

More News:

By Crypto Daily On Mon, 28 Apr 2025 LIBRA Memecoin Scandal & SUI Price Drop Devastates Investors This Viral Coin Could Be the Next 28x Crypto

Crypto News:

By Coindoo On Mon, 28 Apr 2025 Can Bitcoin cloud mining really make money? Revealing how American workers can achieve wealth freedom through cloud mining

More News:

By Crypto Daily On Mon, 28 Apr 2025 Top 3 Cryptos to Watch This Week: Ondo, FloppyPepe, and Bitcoin!

More News:

By Crypto Daily On Mon, 28 Apr 2025 Strategy adds 15,355 Bitcoin for $1.4 billion, bringing stack to 553,555 BTC

Bitcoin:

By Crypto Briefing On Mon, 28 Apr 2025 Nike sued for $5 million over RTFKT NFTs: check key details

Markets: Nike: SEC:

By CoinJournal: La... On Mon, 28 Apr 2025 Top Crypto ICOs to Buy Now: BlockDAG, Web3 ai, Unstaked, Web3Bay Set for Explosive 2025

Crypto News:

By Coindoo On Mon, 28 Apr 2025 XRP To Hit $8, No Double Digits This Cycle Warns Crypto Analyst

XRP News: XPR Cycle Peak: xrp: XRP Cycle Top 2025: xrp news: XRP Price: XRP Price Prediction:

By NewsBTC On Mon, 28 Apr 2025 ProShares XRP Futures ETFs Set for April 30 Launch in U.S.

News: 21Shares: Bitwise: Grayscale's XRP Trust: ProShares: xrp: XRP Futures ETF:

By TronWeekly On Mon, 28 Apr 2025 Should you invest in PepeX as broader market stablises?

Markets: Collaborations:

By CoinJournal: La... On Mon, 28 Apr 2025 Melania Token Team Quietly Dumps Millions While Prices Struggle

Altcoins:

By Coindoo On Mon, 28 Apr 2025 Trade Wars Between the U.S. and China to Benefit Bitcoin Massively Arthur Hayes

Bitcoin: Featured: News: Bitcoin News: China: USA:

By ZyCrypto On Mon, 28 Apr 2025 ADA & Dogecoin Bullish in Q2 Web3 ai Presale Gains Viral Traction In May

Crypto News:

By Coindoo On Mon, 28 Apr 2025 Best Crypto to Buy: Solaxy Presale Smashes $32M as Analyst Predicts 10x Gains

News: Press Release:

By TronWeekly On Mon, 28 Apr 2025 BYDFi Becomes Official Sponsor of TOKEN2049 Dubai, MoonX On-Chain Trading Tool Makes Its Debut in the Middle East

More News:

By Crypto Daily On Mon, 28 Apr 2025 Altcoins Beyond the Top 50 Surging: $SONIC, $BONK, $INJ Lead the Rally

Breaking News:

By Crypto Daily On Mon, 28 Apr 2025 ProShares XRP futures ETFs will not launch on April 30 Bloomberg

Crypto: Derivatives: ETF: Featured:

By CryptoSlate On Mon, 28 Apr 2025 Pi Network Sellers are in Control: Whats Next for PI?

News: Market Analysis: Crypto: Cryptocurrency: Pi: Pi network: Price Analysis: technical analysis:

By TronWeekly On Mon, 28 Apr 2025 Huge Boost For XRP As ProShares Gets SECs Sign-Off To Launch Three XRP ETFs This Week

Cryptocurrency: News: Ripple: XRP News:

By ZyCrypto On Mon, 28 Apr 2025 Best Meme Coins to Buy That Can 10x Your Money this May

News: Press Release:

By TronWeekly On Mon, 28 Apr 2025 Missed the Bitcoin Boom? Bitcoin Solaris Offers Second Chance at Crypto Wealth Through Solana Technology

More News:

By Crypto Daily On Mon, 28 Apr 2025 Ethereum, Solana, Cardano, or BlockDAG? Why This $0.0025 Coin Could Be the Top Crypto to Buy in 2025

More News:

By Crypto Daily On Mon, 28 Apr 2025 TRON DAO Supports Emerging Talent at Harvard Blockchain Conference 2025

Events: Sponsored:

By CryptoSlate On Mon, 28 Apr 2025 XRP on the Verge of a Major Breakout as Spot ETF Hype Grows

Altcoins:

By Coindoo On Mon, 28 Apr 2025 2025s Game Changers: 4 Most Promising Cryptos Ready to Disrupt the Market!

Crypto News:

By Coindoo On Mon, 28 Apr 2025 Best Crypto to Buy Now As US SEC Approves XRP Futures ETF Launch

More News:

By Crypto Daily On Mon, 28 Apr 2025 XRP About to Shock Everyone: $1,000 to $30,000?

XRP:

By Cryptoticker On Mon, 28 Apr 2025 Arizona legislature passes Bitcoin reserve bill, Governor approval pending

Adoption: Crypto: Featured: Legislation:

By CryptoSlate On Mon, 28 Apr 2025 Best Crypto to Buy Now as Bitcoin Starts to Deliver on the Store of Value Concept

More News:

By Crypto Daily On Mon, 28 Apr 2025 Arizona approves first state Bitcoin reserve bills

Regulation:

By Crypto Briefing On Mon, 28 Apr 2025 Coinbase Launch Bitcoin Savings Account for Big Investors Up to 8% Returns

Bitcoin News: Fintech: News: Bitcoin (BTC): Coinbase:

By TronWeekly On Mon, 28 Apr 2025 4 Top Performing Cryptos to Watch Before Prices Take Off: BlockDAG, Ethereum, Solana, and Aptos in Focus

Crypto News:

By Coindoo On Mon, 28 Apr 2025 Tethers Gold-Backed Crypto Hits Record High Amid Investor Surge

Altcoins:

By Coindoo On Mon, 28 Apr 2025 Bitcoin (BTC) Weekly Candle Closes at Key Resistance: Bullish or Bearish Weeks Ahead?

Breaking News:

By Crypto Daily On Mon, 28 Apr 2025 $2.35M Raised! Arctic Pablo Powers Through Snowflake Square While Brett and Ski Mask Dog Spark as Best Crypto Coins with 100x Potential

Crypto News:

By Coindoo On Mon, 28 Apr 2025 Crypto Lender Nexo Announces US Re-Entry

AA News: Crypto News: United States:

By CryptoPotato On Mon, 28 Apr 2025 Fidelity sees Bitcoin stability and Ethereum opportunity in Q2 outlook

Analysis: Crypto: Featured:

By CryptoSlate On Mon, 28 Apr 2025 XRP Headed For $1,000 CryptoGuard Exec Drops Bold Prediction

Cryptocurrency Market News: altcoins: crypto: digital currency: Ripple: Token: xrp:

By NewsBTC On Mon, 28 Apr 2025 Justin Sun Bets Big On JUST Token Heres Why He Sees 100x Potential

Altcoin: altcoins: crypto: JST: JUST: Justin Sun: Token: TRON:

By NewsBTC On Mon, 28 Apr 2025 Trump Announces Exclusive Gala For TRUMP Coin Holders, FloppyPepe (FPPE) Positioned For 1,825% Growth

Crypto News:

By Coindoo On Mon, 28 Apr 2025 SUI Set to Unlock a Staggering $278 Million Worth of Tokens This Week Will the Surge Continue or Crash?

DeFi: Altcoin News: News: SUI: SUI Blockchain: Token Unlock: TVL growth:

By TronWeekly On Mon, 28 Apr 2025 Troller Cat Presale Revives Millionaire Dream, Cat in a Dogs World, and Apu Apustaja Climb

Crypto News:

By Coindoo On Mon, 28 Apr 2025 Support Contact Us Sitemap Information About Us Privacy Policy Terms of Use Cookies Disclaimer

Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WCG is a site member of ITeGAMAX's online services.

The information provided by World Crypto Global on this Site is for general informational purposes only. All information on this Site is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information on this Site.

UNDER NO CIRCUMSTANCE SHALL WE HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE SITE OR RELIANCE ON ANY INFORMATION PROVIDED ON THE SITE. YOUR USE OF THE SITE AND YOUR RELIANCE ON ANY INFORMATION ON THE SITE IS SOLELY AT YOUR OWN RISK.

Use of this site is subject to our Terms and Conditions, Disclaimer, and Privacy Policy.

Cookies Consent.

WE AND OUR PARTNERS USE COOKIES ON THIS SITE TO IMPROVE OUR SERVICE, PERFORM ANALYTICS, PERSONALIZE ADVERTISING, MEASURE ADVERTISING PERFORMANCE, AND REMEMBER WEBSITE PREFERENCES.

By using this website, you automatically accept that we use cookies.

To learn more about use of cookies see our Privacy Policy. Learn More.