Trump Creates Strategic Bitcoin Reserve and Hosts White House Crypto Summit
President Donald Trump is making a big bet on bitcoin, with all the might of the U.S. government.
Trump signed an executive order late Thursday establishing a strategic bitcoin reserve for the United States, putting the cryptocurrency on par with petroleum and gold as strategic assets that Washington stockpiles. David Sacks, Trump’s crypto and AI czar, belabored the metaphor further. “The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold,’” Sacks wrote in a post on X.
While digital currencies of various stripes, prices, seriousness, and validity have proliferated in recent years, bitcoin was the pioneer and is by far the most widely adopted. Created in 2008 by a pseudonymous person or…
