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# Trump Sanctions Planned Bitcoin Stockpile, Will Not Procure Additional Coins Currently
* Donald Trump authorized an executive decree to create Bitcoin and virtual digital currency holdings.
* Both holdings will encompass virtual currencies confiscated by American legal authorities. Toncoin (TON) Value Forecast for March 26th
On Thursday, the American President Donald Trump endorsed an executive decree with the main objective of forming a planned Bitcoin stockpile and a US virtual asset holding.
Neither of the stockpiles started by Trump will acquire any additional digital coins—at least not at present.
Both stockpiles will encompass virtual currencies that were confiscated by American legal authorities. Nevertheless, the Bitcoin stockpile might ultimately encompass Bitcoin obtained via different means.
In the decree, Trump declared: “Just as it is in the national benefit for our nation to cautiously handle the national possession and oversight of any other resources, our nation must also completely employ, instead of limit, the dynamism of virtual assets to advance our economic success.”
Trump initially disclosed the concept of creating this stockpile at a Bitcoin gathering in Nashville the previous year. On March 2nd, Trump openly mentioned that, besides Bitcoin, the stockpile would also encompass the four coins of Ethereum, Solana, Cardano, and XRP.
This information instantly sparked a swift surge in the virtual currency market, largely because traders anticipated that the American government would eventually invest billions of dollars in extensive acquisitions to restock the coins required for the stockpiles.
However, when the information that the government would not promptly procure any additional virtual currencies was declared, it directly resulted in a steep decline in the values of these five coins on Thursday evening.
Bitcoin’s worth decreased by 3.7% in the last day, trading just under $88,100. Ethereum’s worth decreased by 4.4%. The worth of XRP, Solana, and Cardano decreased by 1.4%, 3.2%, and 7.9%, in that order.
Based on assessments from the virtual currency intelligence platform Arkham, as of Thursday, the United States already possessed roughly $17 billion in Bitcoin and $122 million in Ethereum—the majority, if not all, of which was acquired through confiscations.
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