The value of Bitcoin decreased after the statement by David Sax, the leading cryptocurrency expert in the USA, that the government will not use tax revenues for financing the strategic reserve of Bitcoin, which is overseen by President Donald Trump.
President Trump signed a long-term executive order on the creation of a strategic reserve of Bitcoin, according to Sax's post on the X platform. Financing of the reserve will be conducted for the sake of already belonging to the federal government Bitcoin.
Sax also mentioned in his publication about the storage that...
The price of Bitcoin has fallen again to $87,927, while at the same time other major digital currencies, such as Ethereum, Ripple, Cardano, and Solana, have decreased by at least 2%.
