Yesterday, President Trump signed an executive order (EO) entitled “Strengthen US leadership in digital financial technology.”
The document describes the ways in which the United States government will adopt the “digital assets” and support the rights of citizens and companies to interact with “cryptocurrencies” and “blockchain technology”.
Bitcoin is not mentioned once in the document.
Most of the time, it is not mentioned in the part of the document that addresses the potential of the president’s working group in digital asset markets (also established through the EO) to create an “existence” of digital assets.
Here is exactly how it reads:
“The working group will evaluate the potential creation and maintenance of a reserve of national digital assets and will propose criteria to establish said reserve, potentially derived from cryptocurrencies legally seized by the federal government through its efforts to apply the law.”
Bitcoin is one of the 17 digital assets that the federal government has seized.
"reservations" It is jargon that means holding what they have, but not necessarily buying anything
according @arkhamHere are all the coins that the USG has more than $ 1m pic.twitter.com/ctleup5uta– Alex Thorn (@intangiblecoins) January 23, 2025
The idea that the government would cling to the other 16 cryptography assets that the government has is silly and useless, since none of those other assets was designed to be a reserve of value, and a part of them are only digital versions of The always -debasing of the US dollar.
In other words, there is no reason for the United States to store digital assets that are losing perpetually versus Bitcoin value. Without even entering the characteristics that differentiate Bitcoin from the other assets from the previous list, as well as their perfect scarcity codified or the level of decentralization of your network, one must only take note of the fact that no digital asset has made the later subsequent maximums. Versus Bitcoin in consecutive upward markets to understand why it makes sense to keep Bitcoin.
I mean, even someone whose company evaluates Shitcoins to live in agreement:
I did not donate $ 12 million to Kamala or cost the Republican Party three additional seats of the Senate as Ripple did.
But I’m still going to help @realdonaldtrump And the team understands why XRP is the poster of why we should not have a national encryption reserve.
Bitcoin reserve or nothing.– Ryan Selkis (D/Acc) 🇺🇸 (@TwobitidioT) January 24, 2025
Then, please, President Trump reinforces Bitcoin’s stockpile by exchanging the other 16 digital assets for Bitcoin, and let’s call it one day. Surely, you’ve seen how well the Bitcoin only approach for President Bukele has worked, with whom he spoke the other day.
It is time to show the world that we understand that Bitcoin is savings technology and that everything else is, well, something else.
