Breaking news! Trump signs executive order to 'establish BTC reserve' BTC plunges to $85,000, why no pump but dump?

The encryption czar David Sacks announced on his X that Trump has officially signed an executive order to establish a strategic BTC reserve and digital asset reserve. (Background: ADA was specifically named by Trump to be included in the US encryption reserve, how does Cardano create a Bull Market illusion through storytelling? Background: White House takes major action! Trump will host the ‘First Cryptocurrency Summit’ next Friday, is the market ready for a major rally?) U.S. Secretary of Commerce Howard Lutnick revealed that Trump is expected to announce a major shift in Cryptocurrency policy this week, including plans to establish a strategic BTC reserve. And this morning at 8:11, the encryption czar David Sacks announced on his X that Trump has officially signed an executive order to establish a strategic BTC reserve and digital asset reserve. Just a few minutes ago, President Trump signed an executive order to establish a strategic BTC reserve. The reserve will capitalize on BTC confiscated by the federal government through criminal or civil asset forfeiture procedures. This means it won’t cost taxpayers a penny. It is estimated that the U.S. government holds approximately 200,000 BTC, but has never undergone a complete audit. The executive order instructs a comprehensive audit of the federal government’s digital asset holdings. The U.S. will not sell any BTC deposited into the reserve. It will be retained as a store of value. The reserve is like a digital fortress for Cryptocurrency, often referred to as ‘digital gold’. Early sales of BTC have cost U.S. taxpayers more than $17 billion in value. Now the federal government will have a strategy to maximize the value of its holdings. The Treasury Secretary and the Secretary of Commerce are authorized to develop budget-neutral strategies that do not increase the cost to U.S. taxpayers to acquire additional BTC. In addition, the executive order also establishes a U.S. digital asset reserve, including other digital assets seized in criminal or civil proceedings, in addition to BTC. The government will not acquire additional assets for the reserve beyond those obtained through seizure proceedings. The purpose of the reserve is to responsibly manage the government’s digital assets under the Treasury Department. Promises fulfilled: President Trump promised to create a strategic BTC reserve and digital asset reserve. These promises have been fulfilled. This executive order emphasizes President Trump’s commitment to making the U.S. the ‘Cryptocurrency Capital of the World’. I want to thank the President for his leadership and vision in supporting this cutting-edge technology, as well as his swift execution in supporting the digital asset industry. His government does operate at ‘tech speed’. I also want to thank the President’s Digital Asset Market Working Group - especially Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick - for their help and support in completing this work. Finally, Bob Hines, as the executive director of our working group, played a crucial role. BTC price drops by $85,000 However, in terms of BTC price, BTC plummeted rapidly after David Sacks announced the news, reaching a low of $85,145 before 9 o’clock. As for why the price of BTC fell after Trump signed the establishment of the BTC reserve? It may be because the market originally expected the Trump administration to buy BTC through gold or additional channels, but now it is just temporarily suspending the sale of existing seized assets, and potential buying interest will need more time to confirm. But in the long run, this is indeed favorable for BTC, and whether Trump’s order will conflict with existing regulations, Dynamic Zone will continue to track. Related reports: Trump’s ‘Private’ Cryptocurrency Reserve Plan? Transparent advertising? Implementation with great uncertainty Wall Street is rumored: Trump deliberately triggers economic recession to resolve $36 trillion debt crisis Trump’s son Eric Trump advocates BTC and ETH three times this year with a ‘100% failure rate’, is it bad luck or premeditated?