Key Takeaways
- Trump’s executive order to study a 'digital asset stockpile' does not specifically mention Bitcoin, causing concern among Bitcoin maximalists.
- Advocates argue that using the term 'digital assets' is pragmatic and reduces political friction while still potentially benefiting Bitcoin.
- The US government already holds over $20 billion in Bitcoin, comprising nearly 98% of its cryptocurrency holdings.
Trump's Executive Order and Bitcoin Advocates' Concerns
Bitcoin advocates express disappointment that Trump’s executive order on a digital asset stockpile omits any mention of Bitcoin.
Peter McCormack highlights that the lack of a Bitcoin mention raises fears about the inclusion of other cryptocurrencies.
Travis Kling notes that Bitcoin maximalists are struggling with the term 'digital assets,' which they believe dilutes Bitcoin’s significance.
Arguments for a Broader Digital Asset Approach
The executive order mandates studying a stockpile 'potentially derived from cryptocurrencies lawfully seized' by the federal government.
Dennis Porter argues that using 'tech-neutral' language, such as 'digital assets', reduces political friction and broadens acceptance.
Porter believes that this approach could position the USA as the largest Bitcoin holder in the world.
Existing US Crypto Holdings and Strategic Reserve Discussions
Arkham Intelligence reveals the US government holds 198,100 BTC, valued at $20.4 billion, representing 98% of its crypto assets.
Trump’s crypto czar, David Sacks, confirms no decision has been made yet on whether to proceed with the stockpile plan.
