Trump signed an executive order that establishes a “Strategic Bitcoin Reserve” as well as the “United States Digital Asset Stockpile,” which will serve as an account for the management of the country’s other digital assets.
The executive order explains that, because Bitcoin is limited, there is a strategic advantage to being one of the first nations to create a reserve for the digital coin. The reserve will hold bitcoin seized through criminal activity and forfeiture. It also says that the assets in the reserve will be used to “meet government objectives.” The order holds no mentions of what specific objectives the reserve will be funding, nor does it specify what type of “illegal activities” the bitcoin has been seized through.
It’s well-documented that crypto’s price volatility and security concerns make it extremely risky, especially during times of geopolitical turmoil. Crypto has no intrinsic value, as opposed to oil and gold.
Editor’s Note: Bitcoin and cryptocurrency are a favorite method for international money laundering operations since the source of funds can be difficult or even impossible to track. Trump knows all about money laundering. -TF
