Trump Signs Bitcoin Strategic Reserve Executive Order!!

welcome back we finally got it we have our Bitcoin Reserve that's right we didn't have to wait until tomorrow not not even for the White House Summit which is still happening tomorrow and there may be still something being announced tomorrow but today we got our own executive order establishing this Bitcoin Reserve that we've been hearing about for so long but there is an asterisk to this whole thing okay and that is why some of you guys may be wondering if we got our Bitcoin Reserve why did Bitcoin go down uh if you look at it

this right before we were like hovering around 90 Bitcoin Reserve came out 91 and then boom We Dro all the way down to 84 and now we're kind of hovering around 88 so obviously this looks like we're doing a v-shaped recovery so you know this could be due to a couple things number one the whales again doing their thing trying to make people scared into thinking this is not a good thing and you know they they caused a whole lot of longs to get liquidated and now they're buying back so we could be back in

the 90s in no time that give be number one number two uh some people are not that excited about what was signed okay that asterisk I'm talking about so what is that asteris well I mean yes even though we did get a Bitcoin Reserve this is not according to what we've been hearing about what Senator Lumis was talking about before and what about that crypto Reserve right what about everything outside of Bitcoin including Soul xrp cardano right what happened to them well David Sachs actually broke the news today he tweeted this out and uh I'm

not going to read the whole thing but to sum it up for you guys basically they are going to take that 200,000 Bitcoin that was confiscated uh from Silk Road right remember some of it were being sold off before last year and we were like wondering why it was being sold off it seemed like right before Trump got elected uh well that is being taken from the Department of Justice and and that is being put into the Bitcoin Reserve okay so the 200,000 that are left they will not be sold off that's great that's great

now in addition um the task force or I don't know the task force but like the treasury secretary um and Commerce Secretary they are authorized to develop the budget neutral strategy for acquiring more Bitcoin provided that those strategy have no incremental cost on taxpayer um on taxpayers which means that you know the what we heard before about purchasing up to a million Bitcoin 200,000 per year up to a million that seems to be out the window now okay there's no set schedule there's no set amount this is basically taking what the government holds ready putting

the reserve making sure that it's not sold and also telling these guys the new treasury secretary and Commerce Secretary to basically try to develop a way to acquire more Bitcoin without costing anything that's going to be hard I don't know how they're going to do it right um maybe like if they confiscate it from other projects or or you know from or something if they if they somehow can get recover Bitcoin um you know they could put in a reserve but just doesn't mean that they're actually going to spend money to buy Bitcoin hey may

these are smart guys maybe they can figure it out maybe they can acquire and buy Bitcoin without costing taxpayers but that's why you know I think some people uh they they didn't really like what was said about this because this didn't go according to plan right not the 1 million Bitcoin that's been talked about letnik also talked about the 1 million Bitcoin Lumis has been talking about saor has been talking about it this does not talk about acquiring 1 million Bitcoin but you know these are smart guys again they may figure something out right now

it just seems like this is more optional than mandatory see because it's worded or authorized to develop budget neutral strategies it's not worded like they are mandated or they have been tasked to do so right so the wording of it makes it seem like it's optional now the second part of this they call it the US digital asset stock pile so it's not the crypto Reserve it's just the Bitcoin reserve and then you have a asset stockpile and that stockpile is what will be holding Solana xrp and cardano okay it doesn't even mention eth it's

eth is probably in there too so this is unlike the Bitcoin part this is first of all the the US government doesn't have any so there's nothing to put into it okay but unlike Bitcoin they're not going to develop budget neutral strategy to acquire these assets they will simply take them through for forfeiture proceedings okay meaning that hey if they are confiscated for some malicious reason then they will take them and then put into the stockpile but there is no mention about buying these asset there's no mention about buying SRP or Soul or cardano right

now it could be when they say for forfeiture proceedings I mean it could be like donated too maybe Ripple wants to donate a whole lot to the stockpile maybe salana or cardano if they have a treasury they can donate some right but it doesn't look like they're going to be buying any so that's the thing so yeah so that's the gist of it again you guys could read it yourself uh I read it I had grock read it and basically to sum it up it's taking what we have in Bitcoin put into Reserve making sure

it's not sold optional to develop new methods to buy more Bitcoin without costing anything and then if there's anything else that's seized or confiscated it'll go into that digital stockpile rather than be sold off I guess right so that's the alternative yeah so that was announc so that's why we had this happen right again it could be whale games because ultimately this is better than nothing remember we had nothing before all previous Cycles we didn't have anything like this before okay so this is still better than nothing uh so it doesn't really warrant this huge

drop so again a lot of it could just be to whale games and Market manipulation trying to make people think this is really bad and then there's probably also there are probably some people that think well this could have been better right I I actually thought it could have been better but you know this is the very first phase there could be more announced remember tomorrow is the White House Summit there could be more being announced tomorrow like the the capital gains tax thing that we've been talking on me that's removed that's just as big

so this might not be all this might not be all right and then there's other things that happen today you know all the tariff news it seems like again some of the tariffs for Canadian Goods Mexican Goods will be postponed until April now right it was postponed already for 30 days now they're going to postpone it for another 30 days so markets will probably like this too and also this morning I covered about the layoffs from last month and how more than a third of that was from Doge so Trump actually now is saying hey

with those layoffs let's not do a hatchet job where we're just like cutting everyone out we're going to be like a scal and just keep the good and cut out the bad so even he's recognizing that there's probably too much layoffs at this point right the economy needs good news not bad news we don't need to see unemployment Skyrocket due to the layoffs right so this the market probably react pretty well to this too and also Texas passes and they will have their own strategic reserve the first in the US I thought another state had

it but maybe not so we got a lot of great things happening a lot a lot of great things hey even even Brazil Brazil says they could allocate 10% of their cash to bitcoin and something else big too for sui remember I've been talking a lot about sui soie jumped up quite a lot today because sui partner up with a D5 protocol World Liberty financials that's loosely associated with Trump okay and this is good overall you know Su is one of the ones I backed and I said that could be in that crypto Reserve well

this is something else that happened and that's great you know but overall look at this map all the us-based crypto projects I think they go do very well this year very very well this year okay and tomorrow we could be something seeing something big even bigger than the Bitcoin Reserve so stay tuned all right I'll see you guys tomorrow my voice as you can hear still not back hopefully it's better tomorrow I'll see you guys tomorrow morning 8:30 a.m. Central Standard Time all right have a good one guys take care and let's see if Bitcoin

recovers right back up to the '90s by tomorrow all right bye-bye