Trump signs executive order establishing U.S. strategic bitcoin reserve

Ryan Gilbert, a fintech investor, said the move will send a strong message to institutions that bitcoin is here to stay. He said the decision would further distinguish bitcoin from other cryptocurrencies.
"There's been many folks out there for the past decade and a half that have said bitcoin is the way to go, ignore the other tokens," Gilbert said. "I do think it will help bitcoin as a token, as an asset, separate itself from all the others as far as the debate is concerned."
But Gilbert said the U.S. has to be cautious in how it manages the reserve.
"What we don't want to see is the U.S. actively trading bitcoin," he said. "A reserve should be a long-term store of value, not something that introduces market-moving speculation."
Sacks praised the decision, calling it a milestone in making the U.S. the "crypto capital of the world." He previously noted that the U.S. lost over $17 billion in potential value by selling seized bitcoin prematurely.
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick will oversee further policy development, with a focus on budget-neutral acquisition strategies for bitcoin, according to Sacks.
WATCH: Solana co-founder opposes Trump's crypto reserve proposal