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International Business Times
International Business Times
Business
Marvie Basilan

Trump Has Delivered A Bitcoin Reserve And Digital Asset Stockpile – Why Are Crypto Users Upset?

Crypto Donald Trump Bitcoin United States Trump Administration Executive Order SBR White House
President Donald Trump has ordered the establishment of a strategic Bitcoin reserve and a digital asset stockpile, but it failed to move the crypto market positively. (Credit: Latin Times)

KEY POINTS

  • The SBR will 'HODL' its $BTC and will only buy more under 'further executive or legislative action'
  • Many crypto users were upset that crypto prices remained in the red despite the big announcements
  • Some believe the first ever White House summit didn't do much for the crypto industry

U.S. President Donald Trump officially ordered the establishment of a national strategic Bitcoin reserve (SBR) and a separate digital asset stockpile, but the news crashed the cryptocurrency market, triggering disappointed reactions from crypto users.

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