Trump’s Bitcoin masterstroke puts America ahead in digital assets

With a single stroke of his Sharpie, President Donald Trump instantly made the United States into the world leader in digital assets, ensuring its dominance in the sector for the foreseeable future.The new Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile are a triple win for the American people.

Win No. 1: No cost to taxpayers

The reserve comes at no expense to taxpayers. Every asset within it was already owned by the federal government, including 200,000 Bitcoin — an amount that crypto czar David Sacks recently estimated to be worth about $17.5 billion. Moreover, the executive order establishing the reserve explicitly binds the government to “budget-neutral” strategies for acquiring additional Bitcoin and forbids the acquisition of other digital assets except through forfeiture proceedings.

The United States is poised to be the world leader in digital assets for many years to come.

In other words, the crypto reserve will be funded entirely by criminals and scammers like the ones who allegedly bilked several Massachusetts residents out of their savings through a fraudulent trading platform.

Win No. 2: Boosting domestic innovation

The crypto reserve will foster domestic innovation in an industry poised to be a major driver of economic growth well into the future. American digital assets companies, like Avalanche, already play a crucial role in this ecosystem, delivering high-paying jobs and contributing to the president’s broader economic agenda.

The crypto industry’s domestic investments will reinforce the principles of putting America first, creating American jobs, and driving economic growth that are at the heart of Trump’s plan to Make America Great Again.

Win No. 3: A global statement

By publicly staking America’s claim in digital assets, Trump and his crypto team led by crypto czar David Sacks and Bo Hines, executive director of the Presidential Council of Advisers for Digital Assets, are sending a strong signal to the global crypto community: America is open for business. For an industry that has faced widespread skepticism and even open hostility from establishment forces all over the world, this invitation will be enthusiastically embraced.

Instead of building data centers and other crypto infrastructure overseas, tech companies will invest hundreds of billions of dollars in the U.S. economy, creating new jobs and broadening our tax base.

The crypto industry has come a long way since a young programmer completed the first commercial Bitcoin transaction — exchanging 10,000 BTC for two Papa John’s pizzas. Today, those Bitcoins are worth just under $1 billion — an increase of roughly two billion percent in just 15 years.

Bitcoin’s value will soar

With Bitcoin’s circulation now capped, its value is projected to continue appreciating. Unlike the U.S. dollar, which inflationary policies can devalue, no entity can create additional BTC. Other digital assets have similar built-in safeguards, ensuring that they cannot be manipulated like fiat currencies.

In many ways, cryptocurrencies and other digital assets resemble gold, real estate, and other assets that serve as a stable, long-term store of value.

Sadly, this fact has not been appreciated by those in power until now.

“At one point in time, we had about 400,000 bitcoin on the federal balance sheet. We sold roughly half of that for something like $360 million total,” Sacks disclosed recently on an episode of the "All-In Podcast."

Although the premature sales cost American taxpayers around $17 billion at today’s prices, they serve to reinforce the benefits of creating a strategic reserve of these unique assets.

Throughout recorded history, governments worldwide have recognized the necessity of maintaining strategic gold reserves. These reserves can strengthen the domestic economy or provide strategic flexibility in international relations. The new crypto reserve will likely serve a similar function in the future.

As usual, Trump is several steps ahead of the political establishment. Thanks to his visionary leadership, the United States is poised to be the world leader in digital assets for many years to come.