Trump arranges reserve of digital currencies

Donald Trump has redeemed a promise from the US presidential election campaign and ordered the formation of a US reserve for digital currencies. But the details disappoint the industry.

US President Donald Trump has announced that he will redeem his election promise and to store units of the best-known cryptocurrency Bitcoin in a strategic reserve, which are already in the hands of the US government.

According to the American digital currency officer David Sacks, the Ministry of Commerce and the Ministry of Finance will be able to obtain further Bitcoin for this reserve, but without costs for taxpayers. In addition, other digital currencies such as Ethereum and Solana are to be stored in another inventory. However, the US government will not actively search for ways to expand these stocks.

“The most disappointing Result”

These first details on the US reserve for digital currencies ensure disillusionment among investors on the cryptoma markets. The Bitcoin fell back to the $ 90,000 brand on the Bitstamp trading platform.

“Theory and practice are obviously too far apart for investors. Investors continue to wonder how the actual scope and the implementation are in detail,” says Markt expert Timo Emden from Emden Research. In addition, the reaction shows that expectations are now particularly high.

Investors had hoped that Trump would not only position himself as a patron for Bitcoin and Co, “but would be laid the foundation for a symbiosis between the US government and the crypto industry,” said Emden.

This is the most disappointing result that could have been expected for this week, Charles Edwards, founder of the Hedge fund Capriole Investments focused on Bitcoin, wrote in a contribution to X. “No active purchase means that digital reserve is only a unusual name for Bitcoin stands that already existed with the government.”

Existing of around 200,000 Bitcoin

Among other things, tens of thousands of Bitcoin units have ended up in the US government. According to Sacks, the inventory is estimated at around 200,000 Bitcoin. With a course of about $ 88,000 per Bitcoin, this would correspond to a value of more than $ 17 billion.

In the election campaign, US President Trump had shown digital currencies emphasized and gained support in the industry. The government of its predecessor Joe Biden drove a restrictive course compared to digital currencies and warned of money laundering and the risk of destabilization of financial markets. After Trump's election victory, the Bitcoin course had risen sharply.