Trump Makes Bitcoin a Reserve Asset… But the Market Crashes!

The leading crypto experienced a significant drop following the official signing of the U.S. presidential decree establishing a strategic reserve of bitcoin. While investors hoped for massive purchases from the government, the reality turned out to be less ambitious, triggering a market correction.

The Fall of Bitcoin Following the Announcement of the Presidential Decree

Last night, on March 6, 2025, Donald Trump officially signed a decree establishing a strategic reserve of bitcoin in the United States, transforming the first crypto into a state asset.

This initiative, inspired by the Fort Knox model for gold, marks a historic turning point in the institutional adoption of digital assets. However, the clarifications provided by David Sacks, crypto advisor to the White House, quickly dampened market enthusiasm.

The disappointment mainly stems from the fact that this reserve will only be supplied by the 198,109 bitcoins already seized during judicial proceedings, representing about $17 billion.

Contrary to expectations, the U.S. government will not purchase additional bitcoins on the market, with Sacks clarifying that “the government will not acquire additional assets for the stock beyond those obtained through confiscation procedures“.

In response to this news, the bitcoin dropped by about 6%, falling from $90,400 to $84,979, before slightly stabilizing at $86,460. Other major cryptos also suffered, with declines of 4% for Ether, 7% for XRP, 5.14% for Solana, and 9.19% for Cardano in the hour following the announcement.

Mixed Reactions Despite Initial Disappointment

Despite this market correction, many industry experts view this initiative as an extremely positive signal in the long term. “Who in the world sells the news of a strategic bitcoin reserve in the U.S.?” asked Avichal, CEO of Electric Capital, surprised by the market’s negative reaction.

Others, like Dennis Porter from the Satoshi Action Fund, pointed out that the strategic reserve could eventually incorporate “additional bitcoin acquisitions”, suggesting that more ambitious measures could follow this first step. Some analysts believe this official recognition of bitcoin as a strategic asset by the world’s leading power could encourage other countries to follow suit.

The decree also provides for the creation of a Digital Asset Stock for other seized cryptos, marking a radical change in U.S. policy. Previously, these assets were systematically auctioned off, while they will now be kept as a store of value, similar to national gold reserves.

This initiative, although falling short of short-term hopes, nonetheless marks a decisive turning point in the history of bitcoin. By officially recognizing the strategic value of the queen of cryptos, the United States is laying the groundwork for a new era of institutional adoption that could, in the long run, propel the bitcoin to new heights.