(MENAFN- crypto Breaking)
Recently, President trump enacted an Executive Order (EO) titled“Strengthening American Leadership In Digital financial technology .”
This significant document details how the U.S. administration plans to incorporate“digital assets” and uphold the rights of both individuals and enterprises to interact with“cryptocurrencies” and“blockchain technology.”
Notably, Bitcoin is absent from any mention within the EO.
Alarmingly, it is particularly missing from the section discussing the potential formation of a“stockpile” of digital assets by the President's Working Group on Digital Asset Markets, which was also established through this EO.
The exact wording states:
“The Working Group shall assess the feasibility of establishing and maintaining a national digital asset stockpile and suggest criteria for its creation, possibly using cryptocurrencies lawfully seized by the Federal Government through its law enforcement operations.”
Bitcoin is among the 17 digital assets that the Federal Government has confiscated.
The concept of the government choosing to retain the 16 other crypto assets in its possession seems absurd and futile, as none of these were intended to serve as a store of value, and many are merely digital iterations of the devaluing U.S. dollar.
Simply put, there's no justification for the U.S. to hoard digital assets that continuously lose value compared to Bitcoin . Before even considering unique features like Bitcoin 's fixed scarcity or its highly decentralized network, one must recognize that no digital asset has reached new all-time highs against Bitcoin in successive bull markets, illuminating why a focus on Bitcoin alone is the logical approach.
Even industry professionals who analyze lesser cryptocurrencies acknowledge this:
Therefore, President Trump, it may be time to enhance your Bitcoin collection by exchanging the 16 other digital currencies for Bitcoin and moving forward. Surely, you've noted how successful the Bitcoin-only strategy has been for President Bukele , with whom you recently had a conversation.
It's crucial to demonstrate to the world that we recognize Bitcoin as the true savings technology, while everything else simply falls short.
Crypto Investing Risk Warning
Crypto assets are highly volatile. Your capital is at risk.
Don't invest unless you're prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.
MENAFN25012025008006017065ID1109128259
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.