"Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve," he wrote on the X social network. "The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime."
"It is estimated that the US government owns about 200,000 bitcoin; however, there has never been a complete audit," he added.
The value of Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOL) and Ripple (XRP) declined against the backdrop of the news.
By 3:41 a.m. Moscow time (12:41 a.m. GMT), the Bitcoin lost 4.15%, trading at $86,354. By 4:04 a.m. Moscow time, it continued the decline, losing 4.89% and selling at $85,724.
Bitcoin is a decentralized system of cryptocurrency of the same name based on blockchain technology, which can be mined by any user - participant in the system, by creating new blocks of the system.
The concept was published in November 2008 by its author (possibly a group of authors) under the pseudonym Satoshi Nakamoto. Bitcoin has reached its peak of popularity only in recent years. Bitcoin issuance is limited by nature, and most Bitcoins have already been mined.
AzVision.az
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