The White House Calls Bitcoin 'Digital Gold' in Trump's Executive Order

President Donald Trump recently signed an Executive Order that has prompted responses from the financial industry. This order establishes a Bitcoin Strategic Reserve Fund and a US Digital Asset Reserve, changing the government's approach to cryptocurrency. Instead of viewing Bitcoin as something that can be quickly liquidated, this decision marks it as a national asset of value to be held for the future. The Bitcoin Strategic Reserve Fund will be built from Bitcoin received by the Ministry of Finance in criminal and civil forfeiture cases. Other federal agencies are also combing through their reserves to see if they have any seized Bitcoins to contribute. Previously, the government would auction these off, but now they are holding them as a long-term investment. The Ministry of Finance and the Ministry of Commerce have been asked to find ways to get more Bitcoin without depleting taxpayers' wallets. By betting big on the increasing role of Bitcoin in finance, the United States can gain a competitive advantage over other countries. The court order also creates a U.S. digital asset reserve for all types of cryptocurrencies other than Bitcoin that the government has seized. This reserve will not intentionally increase—it is just whatever they have. The Secretary of the Treasury will decide what to do with it, such as deciding whether to sell it or not and when to sell it. For years, the government has liquidated seized Bitcoins at auctions, missing out on the opportunity as its value soared. Some argue that those quick sales have left about 17 billion dollars for taxpayers. This new executive order prevents that by laying out an organized, strategic plan to handle the government's digital assets. Bitcoin is often referred to as the "digital gold" because there are only 21 million coins, never been hacked, and considered super secure. With the Bitcoin Strategic Reserve, the United States is preparing to lead as digital finance continues to evolve. This is part of Trump's efforts to make the United States a leading country in cryptocurrency. Since returning to power, he has implemented all policies supporting digital assets, seeing them as a way to develop the economy and promote new technologies. The legal order fulfills his promise to launch a Bitcoin reserve fund, select a cryptocurrency tycoon, and organize a cryptocurrency summit at the White House. Trump has voiced his support, saying, 'I am very positive and open to cryptocurrency companies and everything related to this emerging and developing industry. Our country must lead in this field.' With this move, the United States is asserting its position in the digital asset game. As Bitcoin continues to grow globally, this could strengthen the U.S.'s position as a powerhouse in the cryptocurrency field.