# Digital Currency Conference at the Executive Residence: Nic Carter Reacts to March 7th Bitcoin Reserve Declaration
Investment professional Nic Carter offered remarks concerning President Trump’s official directive about the creation of a planned Bitcoin holding, announced during the digital currency conference at the Executive Residence on March 7th.
Within a piece released on Toncoin (TON) Value Forecast for March 26th 7th, Carter described Trump’s choice to form a planned Bitcoin (BTC) holding as “optimal” and commended the action.
Carter, recognized for his probing writings revealing the Biden government’s efforts to suppress the digital currency sector, emphasized several favorable results from the March 7th Executive Residence digital currency conference.
Carter opines that the Trump government’s astute action involved explicitly differentiating between a planned Bitcoin holding and an alternative digital currency holding, instead of combining or handling them identically. Concurrently, he guessed that the choice to procure additional alternative digital currencies would be delegated to the legislative body.
Carter clarified, “Bitcoin has obtained formal acknowledgment from the American administration, something no other currency possesses.”
Nevertheless, subsequent to Trump’s declaration of the planned Bitcoin holding, the cost of Bitcoin in fact declined even more. At the time of publication, Bitcoin had decreased almost 4% throughout the prior 24 hours of market activity. BTC has dropped beneath the $90,000 mark and is currently floating at slightly below $89,000. It is presently being exchanged at $88,362.
Furthermore, Carter mentioned that the Bitcoin holding fund will be constructed utilizing BTC confiscated by the national administration as a component of unlawful or legal property seizures.
Carter stated that mirroring what AI and Digital Currency Chief David Sacks proclaimed following the Executive Residence digital currency conference, the absence of taxpayer funds usage implies there will be no societal opposition towards the holding.
David Sacks mentioned that President Donald Trump affixed his signature to an executive mandate, bringing into existence a Bitcoin Strategic Stockpile.
