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International Business Times
International Business Times
Business

Trump's Bitcoin Reserve A 'Digital Fort Knox'

Bitcoin Donald Trump Crypto Fort Knox United States David Sacks Gold
Trump's "Strategic Bitcoin Reserve" will be funded by about 200,000 bitcoins, worth around $17 billion in total (Credit: AFP)

The creation of a "Strategic Bitcoin Reserve" in the United States is further proof of President Donald Trump's support for the cryptocurrency sector.

Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to "a digital Fort Knox", comparing it to the stockpiling of gold bars at the US military base.

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