US Government Moves to Stockpile Bitcoin as a Strategic Asset

- US Government Announces Strategic Bitcoin Reserve Plan - Establishment of a Dedicated Digital Asset Management Agency [Unblock Media] The recent executive order announced by the White House includes a plan to formally pursue the strategic reserve of Bitcoin (BTC) as part of the national strategic reserves. This approach emphasizes Bitcoin's scarcity and security, treating it as "digital gold." This move is seen as a strategic decision to secure an advantage in the global financial market as the first country to hold a strategic Bitcoin reserve. The official text of the executive order has been released, drawing attention from the crypto industry. David Sacks shared the full text on Twitter, stating that the "Establishment of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile" has been formalized. The US Treasury has set two primary goals: the "strategic Bitcoin reserve"and the "US digital asset reserve," and plans to establish legal and administrative procedures to implement these goals in detail. Bitcoin's maximum supply is capped at 21 million, making it similar to gold as a value storage means unaffected by inflation, unlike traditional fiat currencies. The Bitcoin network gradually reduces the supply of new Bitcoins through halving events, thus enhancing its scarcity. By adopting Bitcoin as a strategic reserve asset, the US government aims to achieve long-term value preservation and financial stability. The executive order also includes the establishment of a dedicated agency to manage Bitcoin and other digital assets acquired through legal procedures. Specifically, Bitcoin and other digital assets forfeited through criminal and civil asset forfeiture procedures will be managed by a new Digital Asset Management Bureau led by the Treasury. This ensures assets are obtained in a budget-neutral manner without imposing additional costs on taxpayers. Disposal (sale or trade) of digital assets will be allowed only through strict legal procedures, including a clause to restrict arbitrary sales. Related articles This indicates a policy shift towards active management of digital assets by the US government. The goal is to effectively operate legally justified digital assets in collaboration with law enforcement agencies. Bitcoin plays a crucial role in the Web3 ecosystem. This executive order not only involves asset reserves but also establishes how the government can utilize digital assets within the Web3 financial system. Bitcoin can serve as a foundational asset in decentralized finance (DeFi). The government suggests leveraging transparent blockchain technology to manage digital assets more efficiently, while future government-level blockchain network utilization remains a possibility, contributing to public resource management and financial system innovation. The core philosophy of Web3 involves decentralization, transparency, and openness. This executive order is expected to enhance the status of digital assets within the current financial system while aligning with these principles. With the US government officially recognizing Bitcoin as a strategic asset, the legal and institutional standing of digital assets in the global financial market is likely to be strengthened. The US's proactive stance may prompt other countries to adopt similar digital asset reserve policies. It remains to be seen whether major economic powers such as the European Union (EU) and China will follow suit. The establishment of a model where the government directly holds and manages Bitcoin may also boost institutional investors' trust in Bitcoin, contributing to the long-term stability of the Bitcoin market. This executive order could be a turning point in clarifying the legal status of digital assets, enhancing the maturity of the digital asset market, and significantly influencing the establishment of global regulatory frameworks. The White House's executive order marks a significant milestone by recognizing Bitcoin as a strategic financial asset managed at a national level, beyond mere digital asset reserve. This move aims to strengthen the US's leading role in the global digital asset market, open possibilities for integrating Web3 and blockchain technologies into the national financial system, and further establish Bitcoin's standing in the existing financial market. The detailed implementation plan of the executive order will determine how the US government’s digital asset strategy impacts the global financial order.