Last night, the President established a Strategic BTC Reserve – locking up forfeited BTC as a permanent* national asset
Some key points:
- BTC recognized as “digital gold”
- Agencies must transfer seized BTC to the Treasury within 30 days
- No sales permitted
What else? 🧵
* Why do I keep caveating permanent?
If the Reserve is being created by Exec Order rather than legislation or other mechanism, another EO can reverse it (whether by this POTUS or a future one)
It’s early days on this ofc so tbd how that plays out long term
Full text of the Executive Order:
BTC
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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