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The former leader issued a decree to establish a Bitcoin strategic reserve, sparking heated discussions in the industry.
Important news released by prominent figures in the Crypto Assets and artificial intelligence fields
Recently, an influential figure in the fields of Crypto Assets and artificial intelligence released an important message on social media. According to him, a former leader of a certain country signed an executive order aimed at establishing a Bitcoin strategic reserve. This initiative has sparked widespread attention and discussion within the industry.
According to this person, the main content of the Bitcoin strategic reserve includes:
The reserves will be based on the existing Bitcoin controlled by the federal government, and any Bitcoin confiscated in future law enforcement actions will also be included in these reserves.
During this leader's term, these reserves of Bitcoin will not be sold.
The government will not set up additional budgets for purchasing Bitcoin, maintaining budget neutrality.
This action is seen as the leader fulfilling previous commitments.
Industry insiders have the following interpretations of this news:
First of all, it is important to clarify that this "Bitcoin Strategic Reserve" is a different concept from the "Bitcoin Strategic Reserve" bill being promoted by a certain senator at the federal level. The former is directly controlled by the government and does not require an additional purchase budget; the latter requires legislative action by Congress and may provide a specific budget for purchasing Bitcoin.
Secondly, from an administrative perspective, this former leader has indeed fulfilled some of his promises. Many of the proposals he put forward during his campaign, such as establishing a Bitcoin strategic reserve, forming a dedicated encryption advisory team, replacing the heads of regulatory agencies, and relaxing industry regulations, have mostly been implemented. However, on an overall level, there are still some commitments that have not been fully realized, such as building a larger federal strategic reserve.
Third, there may be more announcements about Bitcoin reserves or other positive news in the future. At the upcoming White House Crypto Assets Summit, this former leader will attend as a keynote speaker, and there may be further policy declarations. However, given the limitations of executive power, there is not much he can do regarding Bitcoin.
Fourth, it is worth noting that this former leader has shown a more pronounced "madman" image since taking office. Externally, he displays a bold and daring stance, attempting to gain political benefits through pressure; internally, he constantly tests and expands the boundaries of presidential power through various administrative actions. This style of governance may impact the formulation and implementation of future Crypto Assets policies.
Finally, although the process of Bitcoin entering national finance faces some obstacles, the overall trend is still progressing slowly. Industry insiders suggest that the focus should be on the advancement of formal Federal Reserve legislation and the progress of state Bitcoin reserve bills. These are the key factors that will impact the future development of Crypto Assets.