The summit comes after President Donald Trump established a "Strategic Bitcoin Reserve" and a "U.S. Digital Asset Stockpile" via an executive order....
Traders are disappointed the crypto reserve plans won’t add any buying pressure to the market, at least in the near term, with few catalysts to buoy the market....
“The US 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.’”...
The U.S. president directed his administration to establish a bitcoin reserve to hold seized assets, and it's setting up a separate crypto stockpile....