The US authorities’s choice to determine a Strategic Bitcoin Reserve may considerably ease market promote strain by as much as $18 billion.
In a March 7 submit on X, Coinbase govt Conor Grogan estimates that federal authorities at the moment maintain round 198,109 BTC. He means that the brand new directive, which prevents the liquidation of those holdings, successfully removes $18 billion in potential sell-side strain.
On March 6, US President Donald Trump signed an govt order guaranteeing that Bitcoin deposited into the reserve won’t be bought. As a substitute, it is going to function a retailer of worth, just like a “digital Fort Knox.”
This coverage shift follows considerations raised by White Home AI and Crypto advisor David Sacks, who argued that the US authorities could have misplaced out on $17 billion by offloading Bitcoin as an alternative of holding it long-term.
With this govt order in place, federal companies should retain confiscated digital belongings as a long-term retailer of worth reasonably than promoting them.
Knowledge from Arkham Intelligence signifies that the US authorities controls roughly $18 billion in digital belongings. This contains Bitcoin price $17.49 billion, 56,035 ETH valued at $122 million, $122 million in Tether (USDT), $66 million in Wrapped Bitcoin (WBTC), and $24 million in Binance Coin (BNB).
