TechFlow news, March 7 — 10x Research tweeted that Trump has signed an executive order to establish a strategic Bitcoin reserve. While this marks the official confirmation by the U.S. government of indefinitely holding seized Bitcoin, the actual details fall far short of market expectations.
The crypto research firm noted that although this is a step forward, there remains a lack of clear guidance on the scale of the reserve. According to 10x Research's estimates, the actual amount of Bitcoin allocated could be 50% lower than what the headline suggests. The firm stated that had the report been released before the announcement, they would have taken a bearish stance, as the risk of disappointment outweighs the likelihood of a broadly bullish outcome.
While this represents an initial step by the U.S. government in Bitcoin policy, a significant gap remains between ideal scenarios and the actual rollout of policies, and additional measures may be announced later.
