Trump creates US reserve for Bitcoin: 200,000 units appreciated!

Trump creates US reserve for Bitcoin: 200,000 units appreciated!

Vienna, Österreich - Donald Trump has taken a significant step towards a digital financial revolution in the United States by ordering the formation of a US reserve for digital currencies. As vienna.at , the US government, Bitcoin, Ethereum and Solana are plans to store in a strategic reserve, which is described as "digital fort knox". The digital currency officer David Sacks stated that the Ministry of Commerce and the Ministry of Finance will acquire further Bitcoin for this reserve without the taxpayers having to pay for it.

The US government already has an impressive amount of Bitcoin, which is in their hands due to confiscations in the course of anti-criminal-crime. Sacks estimates that the inventory comprises around 200,000 Bitcoin, which results in a total value of more than $ 17 billion at a current price of over $ 88,000 per Bitcoin. In contrast to the restrictive attitude of the government of Joe Biden, who warned of money laundering and potential risks for the financial markets, Trump is crypto-friendly, which also led to an increase in Bitcoin course according to his election promise, such as t-online.de reported.

market reactions and tariffs

In parallel to these developments, there were significant loss of price on Wall Street. The Dow-Jones index fell by around one percent, while the technology-based Nasdaq Composite even gave up by 2.6 percent. This nervousness was reinforced by Trump's announced trade strategy, which says that the next month will no longer be exceptions from tariffs to Canadian and Mexican car imports. This announcement contributes to uncertainty in the markets and could influence the reactions to Trump's digital financial strategies.

However,

Trump remains optimistic and leads the upcoming investments of Saudi Arabia of one trillion dollar in the USA as proof of his trust in the economy. In the middle of this turbulent markets and political landscape remains to be seen how these digital currency stocks are managed in practice and what effects they will have on the entire financial landscape.

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OrtVienna, Österreich
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