Start of the week difficult for the cryptocurrency market, which discount the excessive limits set by the US government to the project of the Bitcoin Reserve. A reserve that will be limited to the possession of Bitcoin e will not understand other assets and that it cannot be fed with new purchases. Die details that the operators of the digital asset industry have not digested and who risk limiting the effectiveness of the reserve very much. The details of the plan developed by President Trump were revealed on Friday during a summit with the players in the sector.
The quotations of the Crypto go down
This morning the bitcoin, which last month had catapulted over $ 100,000, pays dice and records a Further reduction of 4.54% to 75,832 dollars. A performance that confirms the wide volatility of this market. The other four currencies that were candidates for inclusion in the reserve were also bad and were excluded: Ether gives 5.48%, XRP it slips by 7.27%, Cardano 8.45% e Solana 8.59%.
The Trump summit
President Trump last Friday hosted a Cryptovalute industry summit to the White House, to discuss the project to create a reserve of digital assets owned by the government. Among others he participated Zach WitkoffGande expert in the sector and co-founder of World Liberty Financial, the Cryptovaluta dlela Trump family. Present officials and legislators of the Trump Administration and other well -known names in the sector such as the CEO of Microstrattegy, Michael Saylorthe co-founder and CEO of Coinbase, Brian Armstrongthe Winklevoss brothers, well -known Crypto investors and the entrepreneur David Bailey.
What will the government reserve be like
The details of the project, on the other hand, have disappointed due to the Numerous stakes placed by the President. First of all, they were excludes the four digital currencies from the reserve who were candidates to support Bitcoin, like Ether, XRP, Cardano and Solanawhich therefore will not be part of the assets included.
Trump then clarified that i Contribuent moneyAmericans They will not be spent on the purchase of Cryptovalute And therefore it will not even be possible to buy Bitcoin. The only bitcoins that will be part of the reserve are those of which the seizure by the courts has been ordered, as a stolen goods of fraud, or in any case confiscated by the federal government during criminal or civil proceedings.
The executive order of Trump
The executive order For the establishment of a Bitcoin government reserve it was Signed by Tmp Thursday Scorsor and commits treasure officials to develop “Neutral strategies for the budget”in order to increase the reserve, without “incremental costs” for taxpayers. Therefore, taxpayers’s funds will not be used to buy Bitcoin and Nesusn Bicoin Apparenenete at the reserve can never be sold.
The Secretary of the Treasury Scott Bessent he explained that the United States intend Keep the dollar as a reserve currency worldwide and think of using Stablecoin to do it.
