President Trump Signs Order for Bitcoin Strategic Reserve

• Trump signs order to reserve Bitcoin
• Reservation will not affect taxpayers
• Barriers to the inclusion of other cryptos

US President Donald Trump has taken a historic step by signing an executive order authorizing the creation of a strategic Bitcoin reserve, putting the leading cryptocurrency at the forefront of government digital asset policy. The announcement was made by David Sacks, dubbed the ‘Crypto Czar’, during a presentation on Platform X, highlighting a significant step in the institutional adoption of cryptocurrencies by the US government.

David Sacks reported that the decision to form the reserve will not impact the budget of American taxpayers.

“Just minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve. The Reserve will be funded with Bitcoin owned by the federal government that has been seized as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.”

Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve.

The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it…

— David Sacks (@davidsacks47) March 7, 2025

At the time of publication, the price of Bitcoin was quoted at US$86.033,39 with a drop of 5% in the last 24 hours.

While development is still ongoing, the reaction from the market and experts is already beginning to be noticed. JPMorgan, for example, was skeptical regarding the extension of this policy to other cryptocurrencies such as XRP, ADA and SOL. The financial institution, through its analyst Nikolaos Panigirtzoglou, expressed doubts about the inclusion of these altcoins in a possible US strategic reserve due to legislative barriers and regulatory uncertainties.

Panigirtzoglou emphasized that despite the openness to Bitcoin, the difficulties for other cryptocurrencies are notable. “If a U.S. Strategic Crypto Reserve is eventually approved, it will be difficult to include smaller tokens outside of Bitcoin and Ethereum,” the analyst commented. He cited volatility and liquidity issues as significant impediments, especially for XRP, which has already faced legal troubles with the SEC.