US Treasury and other federal agencies are expected to announce Bitcoin (BTC) and other crypto currencies on April 5th. The upcoming statement provides President Donald Trump on March 6, both strategic Bitcoin Reserve (SBR) and for the formation of a wider digital asset stock.
According to a presidential certificate published on March 11, all federal institutions should submit their digital assets to the Treasury Secretary within 30 days of order. The Treasury Secretary was instructed to establish two offices designed to manage digital assets held by the state.
In particular, the SBR will keep Bitcoin, which is acquired by punishment or civilian loss, with the authority not to sell BTC to “Digital Fort Knox için for long -term value storage.
According to David Bailey, BTC CEO CEO David Bailey and David Bailey, close to President Trump, the upcoming audit results can offer more clarity about Bitcoin’s latest price movements. In X, Bailey said: “April 5 (this Saturday), the United States should complete a complete control of the country’s Bitcoin Holdings. Depending on what we have learned, it can answer most of the open questions about the latest price action.”
When asked to be published publicly publication, Bailey replied, orum I imagine that we will learn quickly, ”he replied. He also speculated whether the US could hold more or less BTC than expected, and “I am less suspicious, but it’s just a guess”. In response to a question about how the US’s BTC amount can affect market feelings, Bailey continued an optimistic stance: “Everything is rise for Bitcoin.”
Questions to us Bitcoin Holdings
Speculation around the real figure of the government was partly supported by Senator Cynthia Lummis (R-WY), who spoke at the Digital Asset Summit on March 19. He said the previous administration may have sold a significant portion of the BTC seized by the United States. These assets, which are thought to exceed 207,000 BTCs based on illegal activities, can form the basis of the newly created strategic Bitcoin reserve.
Lummis, “How much Bitcoin and the US custody of the US trying to find out whether they are trying to find out,” he said. “We think that this may be the basis of the installment of the first year of a strategic Bitcoin reserve.
Although the official figures are not confirmed, Bo Hines, General Manager of the US Digital Assets Consultants Presidential Council, gave more information to the government’s previous agreements. In an interview two weeks ago, Hines suggested that the US had once had approximately 400,000 BTCs and sold about half of the current market value.
“If we have taken over this, it would be worth 17 billion dollars today. So, this being is going to show how important it is and what we can do to benefit the American people.”
Hines also confirmed that the expansion of US Bitcoin reserves due to budget is a priority. Uz We think that this being is for the benefit of the Americans to hold on long -term and accumulation as much as we can.… We talked about building digital Fort Knox for the United States, ”he said.
BTC was traded at $ 84.491 at the time of the press.
The featured picture created with DALL.E, graphics from tradingView.com
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