Coinbase Director: Expected U.S. Strategic Bitcoin Reserve Executive Order to Reduce Bitcoin Selling Pressure by US$18 billion "
According to online reports, Coinbase director Conor Grogan posted on social media,"According to my estimation, the U.S. government holds 198,109 bitcoins. This executive order will reduce selling pressure by approximately $18 billion." Earlier, David Sacks, White House director of AI and cryptocurrency, posted on social media,"Just a few minutes ago, President Trump signed an executive order to establish a strategic bitcoin reserve. The reserve will be capitalized on bitcoins owned by the federal government that were confiscated in criminal or civil asset forfeiture proceedings."
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