The post BTC and MSTR crash after Trump’s disappointing Bitcoin strategic reserve order appeared on BitcoinEthereumNews.com.

Bitcoin and crypto stocks took a hard hit after president Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve on Thursday night, using America’s confiscated Bitcoin from criminal and civil cases. The announcement, made by White House crypto Czar David Sacks, immediately sent Bitcoin tumbling by 5%, crashing to $85,000 within minutes. Strategy ($MSTR), the biggest corporate holder of Bitcoin, plunged by over 7% , as investors blatantly show their disappointment at Trump’s actions yet again, probably because it’s vague. I mean, check out the video below, it’s just Sacks talking. Trump looks as though he has no clue what’s even in this so-called reserve himself. https://www.cryptopolitan.com/wp-content/uploads/2025/03/Ar1EslX5Jpy8bYZ5.mp4 Trump disappoints crypto community — again In a post on X, Sacks confirmed that no taxpayer money will be used to buy Bitcoin or any other cryptocurrencies. Instead, the government will stockpile 200,000 Bitcoin already in its possession—an amount that has never been fully audited. “The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold,’” said Sacks. “Premature sales of bitcoin have already cost U.S. taxpayers over $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.” While many Bitcoin supporters initially backed Trump for his pro-crypto facade, his latest actions have turned the community against him. In a Truth Social post over the weekend, Trump revealed that shitcoins XRP, Solana (SOL), and Cardano (ADA) would also be part of the Strategic Crypto Reserve, after promising a Bitcon reserve on the campaign trail. Donald Trump with Tyler and Cameron Winklevoss. Source: Tyler Winklevoss X/Twitter Tyler Winklevoss, a longtime Bitcoin lover, said: “I have nothing against…

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Filed under: News - @ March 7, 2025 2:22 am