3 Important Things to Know About the Strategic Bitcoin Reserve
Trump recently signed an executive order on Bitcoin and digital assets. Here's what you need to know about the order's potential impact on your investments.
President Trump followed through on a popular campaign promise this month. After laying the groundwork for a strategic reserve of cryptocurrency holdings in earlier commitments, the March 6 signing of Executive Order 14233 seeks to establish an official Strategic Bitcoin Reserve and a separate Digital Asset Stockpile.
Many crypto investors had been hoping for a truly game-changing strategic reserve, paving the way to massive federal purchases of Bitcoin (CRYPTO: BTC) and other digital assets. The executive order didn't exactly deliver on those bullish hopes, and the immediate market reaction was largely negative. On the other hand, this two-pronged digital asset strategy may turn out to have some value-boosting power after all.
Here are three important details about Executive Order 14233 that probably didn't jump out at you from reading the headlines -- and perhaps not even after taking a quick look at the order. Bitcoin investors should pay more attention than others, but it's also substantial news to Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) holders.
