Talk about the executive order signed by Trump to establish the strategic reserve of Bitcoin. Mainly including the following points: 1. The existing nearly 200000 will be directly converted into reserves, and the subsequently confiscated BTC will also enter this reserve. But one more thing is that this cake of around 200000 has not passed the audit yet, and there may still be a portion that needs to be returned to others, which is not entirely owned by the government. Therefore, the final large cake that may be included in the reserve is less than 200000, and even less than 100000. 2. The executive order is only in charge of the government, so Trump spoke well and passed the order directly with a piece of paper, but the authority is very small. He can only manage the departments of the Ministry of Finance and the Ministry of Commerce. I dare not use taxpayers' money to buy, so there is a saying of budget neutrality, which means not opening a separate budget to buy big cakes. 3. The budget needs to be approved by Congress, which is slow and difficult. With hundreds of people and opposing parties, not everyone will listen to Trump. Moreover, even if it is really approved, it is not easy to spend money. But definitely higher than the current administrative order specifications. 4. The pancake has now been upgraded to a national reserve asset. The nature has already changed. There is still a positive significance. Many people think it's useless, definitely not. It was proposed by Trump last year that Bitcoin became a national strategic reserve. Trump was not the president at that time. Later, after Trump was elected, before he took office, legislators in the Federation and various states began to propose to establish a budgeted Bitcoin reserve. This time, Sichuan has confirmed reserve assets through administrative order, which will further promote subsequent actions. 5. Also understand that Trump's confirmation is not the same as the "Bitcoin Strategic Reserve" bill promoted by the senators at the federal level. The former can be directly controlled by the government, while the latter requires legislation through Congress. The latter's goal is to buy 1 million units within 5 years. The market expects the latter more, but the former does not deny the latter. Another issue is the promotion of Bitcoin reserve laws in various states. The table above has been sent out for the current situation, but there has been no vote yet. Two states have already voted to pass one chamber, and it will take more time. These bills from various states and Congress that are waiting to be voted on are all accompanied by budgets, and passing them will bring in additional funding. Good things require patience and patience. BTC Bitcoin Strategic Reserve