$BTC
The United States may establish a strategic reserve for Bitcoin! Major draft exposed
Bitcoin may be on the verge of a historic moment! Dennis Porter, founder of the Satoshi Action Fund, has drafted an executive order proposal targeting Trump, suggesting that confiscated Bitcoin be included in the U.S. foreign exchange stabilization fund to establish a strategic Bitcoin reserve.
Core content: Bitcoin as a new member of foreign exchange reserves
The draft proposes allocating 2% of funds in the ESF (pilot period of 18 months) and using approximately 200,000 Bitcoin confiscated by the U.S. as the reserve basis, valued at up to $20.6 billion.
Thereafter, the U.S. will no longer auction off confiscated Bitcoin, but will use it for reserves. Meanwhile, the Treasury will establish a dedicated working group to ensure the secure management of Bitcoin reserves.
The Treasury must regularly report to Congress and undergo independent audits to ensure that reserve management is open and transparent.
The goal of the draft is to use Bitcoin's status as a non-sovereign asset to hedge economic risks, enhance the stability of the dollar, and consolidate the United States' position in financial innovation.
If the draft is approved, the Bitcoin market will undergo profound changes:
Change in supply and demand dynamics: stopping the auction of 200,000 BTC, reducing the circulating supply in the market, which may drive up prices.
Boost in market confidence: Including Bitcoin in national reserves will significantly enhance its global asset status.
Accelerated institutional entry: Government backing may attract more institutional investors to enter the market.
If this plan is implemented, the United States may become the largest "official player" in Bitcoin, having a profound impact on the global financial system. Do you think this will be a historical turning point for Bitcoin?