US Bitcoin Reserve Can Be Implemented Very Soon: It's a Matter of Days, Not Years! - Coin Bulletin

It was announced that the implementation process of the Presidential Decree regarding the Strategic Bitcoin Reserve of the USA will take place much faster than the market's estimate.

Bitcoin Magazine CEO David Bailey stated that the pace of the U.S. government in implementing the Presidential Decree regarding the Strategic Bitcoin Reserve is much higher than expected. Bailey indicated that the process could be completed not in months or years, but in days and weeks, sending a significant message to the markets.

In a tweet posted by Bailey, it was emphasized that the Trump administration is "acting at the speed of technology" and "taking urgent action" on this issue. This statement has caused a significant reaction in the cryptocurrency market, especially among Bitcoin (BTC) investors. Investors are now closely monitoring the potential impact of the decision on prices in the near term.

With the Strategic Bitcoin Reserve decree previously signed by US President Trump, approximately 200,000 Bitcoins seized by the government from criminal and legal processes will be held as a long-term investment. This move aims to prevent the repetition of the $17 billion loss due to past erroneous Bitcoin sales, with the reserve planned to be financed not by taxes but with the government's existing Bitcoin assets. Following the decision, the price of Bitcoin had dropped by 4%.