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View: The expectation of 'not dumping' has been digested by the market, and the encryption industry hopes the US government will purchase and accumulate BTC.
Odaily Planet Daily News According to the latest news, US President Trump has signed an executive order to establish a strategic BTC reserve and a separate digital asset reserve. These cryptocurrencies are obtained through confiscation, but the US government will not acquire additional assets for the reserve. Steven Lubka, head of the private clients and family offices at BTC Financial Service company Swan Bitcoin, said that while not selling confiscated BTC may be a good start, the encryption industry ultimately hopes to see the US government purchase and accumulate BTC. Not selling confiscated BTC is mainly beneficial at the signaling and narrative level, but this news has already been digested by most of the market. (Marketwatch)