Bitcoin: A New Era in the U.S.
In a big change, President Trump has signed a special order. This means the U.S. will start a special reserve of bitcoin. This is like when the U.S. keeps gold for a long time. This shows that bitcoin is very important and stable.
Why Bitcoin is Special
The U.S. government thinks bitcoin is special. They want to keep it for a long time, just like they do with gold. This makes bitcoin a kind of store of value.
A Big Meeting About Crypto
The news about the bitcoin reserve comes just before a big meeting at the White House. This meeting is about cryptocurrency. Industry leaders will talk about rules and the future of crypto. This is a change from before, when the U.S. government was not sure about crypto.
What’s in the Reserve?
The reserve will start with about 200,000 bitcoins that the government already has. In the future, they might add more. But they won’t use taxpayer money for this. They will find other ways to pay for it. The government will also keep other cryptocurrencies that they got from stopping crimes. But they won’t buy other cryptocurrencies.
What This Means for Crypto
When the U.S. said it would start a bitcoin reserve, the price of bitcoin went up. But some people were sad that other big cryptocurrencies weren’t included. This shows that bitcoin is the most important and stable one.
A New Start for Cryptocurrency
A Big Change
The U.S. starting a bitcoin reserve is a big change. It shows that the U.S. thinks crypto can be a good store of value for a long time. This change might make other countries think differently about crypto too. We’ll have to wait and see what happens at the crypto meeting.
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