Bloomberg had earlier reported that Trump was expected to sign an executive order establishing a Bitcoin reserve during the White House Crypto Summit on March 7, with one option that included seeding it with government-owned crypto.
Sacks said the Bitcoin reserve was “a digital Fort Knox for the cryptocurrency,” and the US wouldn’t sell any Bitcoin put in the reserve.
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Bloomberg had earlier reported that Trump was expected to sign an executive order establishing a Bitcoin reserve during the White House Crypto Summit on March 7, with one option that included seeding it with government-owned crypto.
Sacks said the Bitcoin reserve was “a digital Fort Knox for the cryptocurrency,” and the US wouldn’t sell any Bitcoin put in the reserve.