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Gate Square New & Returning Creator Rewards are ongoing!
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#TrumpSignsBitcoinReserve
The echoes of the "Strategic Bitcoin Reserve" decree issued by US President Donald Trump continue. Most recently, executive Conor Grogan expressed that this reserve could eliminate the $18 billion sales pressure on Bitcoin.
Grogan said, "According to my estimates, the US has 198,109 BTC. Therefore, this decree eliminates approximately $18 billion in selling pressure."
The decree signed by Trump at 03.00 Turkish time made waves around the world. The first announcement regarding the signing of the decree was made by David Sacks, the White House's crypto czar. Sacks stated in his statement on the subject, 'The reserve will be financed with the Bitcoins seized by the federal government so far. The Bitcoins held in this reserve will not be sold and will function as a 'digital Fort Knox (US gold bullion depository).'