{"id":16603,"date":"2025-03-07T04:02:00","date_gmt":"2025-03-07T04:02:00","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16603"},"modified":"2025-03-07T04:02:00","modified_gmt":"2025-03-07T04:02:00","slug":"trump-announced-strategic-bitcoin-reserve-to-allow-buying-additional-btc-peter-schiff-doesnt-think-so-but-heres-what-the-order-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16603","title":{"rendered":"Trump-Announced Strategic Bitcoin Reserve To Allow Buying Additional BTC? Peter Schiff Doesn’t Think So But Here’s What The Order Says"},"content":{"rendered":"
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President Donald Trump’s <\/strong>executive order establishing a Strategic Bitcoin (CRYPTO: BTC<\/a>) Reserve did not have the expected bullish impact on Thursday, as the leading cryptocurrency dropped on the announcement.<\/p>\n

What happened: <\/strong>The reserve will be capitalized with Bitcoin<\/a> already owned by the federal government, obtained through forfeiture proceedings, valued at approximately $17 billion. Additionally, a U.S. Digital Asset Stockpile would be set up, consisting of cryptocurrencies other than Bitcoin. Both entities will be under the control of the Treasury Department, the order read.<\/p>\n

The order directed all federal agencies to provide a full accounting of all assets held in their possession to the Treasury Secretary President’s Working Group on Digital Asset Markets within the next 30 days<\/p>\n

While the government won’t sell any BTC, it will also not buy any new Bitcoin unless it can do so in a “budget-neutral” way and without imposing incremental costs on American taxpayers.<\/p>\n

Noted economist and Bitcoin critic Peter Schiff <\/strong>interpreted it as simply seizing more Bitcoin and adding them to the reserve.<\/p>\n

“But they can\u2019t buy any more, as buying by …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump’s executive order establishing a Strategic Bitcoin (CRYPTO: BTC) Reserve did not have the expected bullish impact on Thursday, as the leading cryptocurrency dropped on the announcement. What happened: The reserve will be capitalized with Bitcoin already owned by the federal government, obtained through forfeiture proceedings, valued at approximately $17 billion. Additionally, a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16603","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16603"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16603\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}