Trump arranges reserve of digital currencies
Donald Trump has redeemed a promise from the presidential election campaign in the USA and ordered the formation of a US reserve for digital currencies. In a strategic reserve, units of the best-known cryptocurrency Bitcoin are to be stored, 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.
Bitcoin falls – some disillusionment according to details
The first details of the US reserve for digital currencies initially ensure disillusionment among investors on the cryptoma markets. The Bitcoin fell back to the $ 90,000 brand on the Bitstamp trading platform and last noted at $ 88,102.
With this, however, he recovered something from the daily low again after he had slipped under the mark of $ 85,000 in a first reaction to details on the US digital currency reserve.
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.
Trade disputes press mood
The Bitcoin course had come under a lot of pressure last week and from more than $ 96,000 in phases to less than $ 80,000. The background was the international trade disputes, which had been put on the mood on the financial markets and led to restraint in risky asset classes.
Why the value of the bitcoin is becoming increasingly expired
In the past few days, however, the looks have already been aimed at the expected announcement of the US digital currency reserve. Investors had hoped that Trump would not only position himself as a patron for Bitcoin and Co, « but the foundation for a symbiosis between the US government and the crypto industry would be laid, » said Markt expert Timo Emden from Emden Research.