Overview

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Main Discussion

Was it worth the wait? President Donald Trump has breathed life into his electoral promise by signing an executive order to initiate a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.

You might expect BTC bulls to be excited, yet Bitcoin’s value has dipped over 2% after the announcement—a trajectory reminiscent of when the SEC approved Bitcoin ETFs last January, resulting in an initial 20% decline. Nonetheless, bullish sentiment may return as history shows BTC rebounded to an all-time high a few months following ETF approvals.

Referred to as the “Digital Fort Knox,” Trump’s directive proposes a structured strategy for Bitcoin acquisitions. A critical point of this order is that the Secretaries of Treasury and Commerce will craft budget-neutral tactics to acquire more Bitcoin without adding to the burden on taxpayers.

This can be accomplished in diverse ways, such as liquidating U.S. gold reserves or issuing Bitcoin bonds akin to those utilized by publicly traded Bitcoin entities.

Additionally, upcoming jobs data is of interest; the Non-farm payrolls are projected to rise by 160,000 with expectations for the unemployment rate to remain steady at 4%.

What to Watch

• Crypto Events:
  • March 7, 1:30 p.m.: Trump will host the inaugural White House Crypto Summit, featuring notable founders, CEOs, and investors from the crypto sector.
  • March 11: The Bitcoin Policy Institute and Cynthia Lummis are co-hosting an exclusive event called Bitcoin for America in Washington.
  • Further major announcements are scheduled in the coming days, including network launches and economic updates.

Summary

Stay informed and let the Crypto Daybook Americas guide your decision-making process in the rapidly evolving crypto landscape. Keep an eye on developments and market movements to maximize your investment strategies.