# President Trump Endorses Calculated Bitcoin Stockpile Plan
In a startling action, President Trump has allegedly authorized a presidential decree to create a nationwide planned Bitcoin stockpile, according to David Sacks, the White House’s AI and Digital Currency Chief.
Sacks revealed on X (previously Twitter) on March 7 that this stockpile will be financed completely by Bitcoin confiscated by the central government through asset confiscations. This is a crucial element, as it indicates no citizen funds will be used for this undertaking.
Sacks approximates the US government is already holding around 200,000 Bitcoins, though he conceded there hasn’t been a full, formal assessment to verify this amount. The presidential decree will require a thorough inventory of all central digital asset possessions. Significantly, it also allegedly bans the trading of any Bitcoin from this stockpile, essentially transforming it into a “digital Fort Knox,” a protected and inviolable store of worth.
Trump has repeated his desire to situate the United States as the “crypto epicenter of the globe,” and this action is obviously geared at reinforcing America’s position in the digital currency arena.
The order also apparently establishes a distinct US Digital Asset Stockpile for non-Bitcoin digital currencies obtained through seizures. However, the government isn’t intending to actively buy extra digital currencies through these stockpiles.
Intriguingly, the Trump administration is assigning both the Treasury and Commerce Divisions to investigate budget-neutral approaches for obtaining even more Bitcoin without encumbering citizens. Sacks indicated that prior administrations selling off Bitcoin possessions actually cost citizens over $17 billion in missed prospective worth.
As of the newest reports, Bitcoin’s cost has declined by 3% in the previous 24 hours to $86,600, implying the marketplace hasn’t yet completely responded to this news. However, this policy could be a game-changer in the long term by lessening the government’s inclination to sell off Bitcoin. If the US government turns into a Bitcoin collector instead of a seller, it could considerably constrict supply and further reinforce Bitcoin’s status as a gold-like planned asset.
On a somewhat unrelated observation, Trump also authorized presidential decrees postponing levies on imports from Mexico and Canada for about a month.
Ex-US leader Donald Trump declared on his Truth Social outlet that items under the USMCA (United States-Mexico-Canada Accord) setup will remain duty-free, subsequent to talks with Canadian authorities and Mexico’s fresh President Claudia Sheinbaum. Nevertheless, commodities not encompassed by the pact, like avocados and Canadian energy, might still encounter levies down the line.
