New Trump EO will establish government Bitcoin reserve
Donald Trump is trying to bring the United States government into the modern age of finance.
To that point, Trump signed an executive order to establish a Bitcoin reserve for the government.
This would start with the roughly 200,000 Bitcoin that has been seized in criminal operations by the government (at the current price, that would equate to about $18 billion).
Let’s Do This
Trump’s “crypto czar” David Sacks is the one who has been nudging Trump in this direction, and it is yet another promise fulfilled by Trump to Bitcoin enthusiasts.
Sacks stated, “The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold.’”
Over the last decade, the government had sold off Bitcoin that was confiscated to the tune of about $366 million. That same Bitcoin today would be worth about $17 billion had the government sat on it.
This is a big turnaround for Trump, who once called Bitcoin a “scam” during its early days. Many high-profile investors have pushed back on this because of the fact that there is nothing physical about this currency.
Warren Buffet has been a huge critic of crypto, previously calling it “rat poison,” but a report in January 2025 noted that he has since invested in it.
I have to be honest, even though I know it is the future, crypto scares me to death. My investments have not done well in the past, but that is mostly because I don’t have the stomach for the ups and downs of the market.
When you see 20% of the value lost in a day or two, it can create some holes in the stomach, so I have laid off and now use ETF crypto investments to have my little piece of the pie.
Crypto had been on fire leading into the election and the immediate aftermath, surpassing $100,000 for the first time (and yes, believe it or not, I once had a coin for $5,000 and sold it off way prematurely).
Since then, however, the market has cooled a little bit while things settle down, currently sitting right around $87,000.
My guess is with this new announcement, it will start to climb again, so even though the price if hefty, it may not get much lower than this in the near future.