Nic Carter reacts to March 7 Bitcoin reserve announcement

The venture capital Nic Carter comments on Trump’s executive decree on March 7 at the White House to establish a Bitcoin strategic reserve.

In a recent job On March 7, Carter rents Trump Decision to create a strategic bitcoin (BTC) Reserve, saying that the announcement “could not have been better”.

Carter, known for its survey articles exhibiting the Biden The administration for their efforts to stifle the cryptographic industry, underlined some positive things which, according to him, have come out of the White House crypto top held on March 7.

According to Carter, it was a good decision on the part of the Trump administration to clearly distinguish the Bitcoin Strategic Reserve outside the Altcoin stock rather than merge the two together or treat them in the same way. Meanwhile, he suspects that the decision to buy other altcoins will be left at Congress.

“Bitcoin obtains an official USG [U.S. government] Approval seal, no other piece is doing, “said Carter.

Instead of climbing after Trump’s Bitcoin Strategic Reserve has revealed, the asset is actually more lowered. At the time of the press, Bitcoin fell by almost 4% in the last 24 hours of negotiation. BTC slipped well below the $ 90,000 threshold, suspended just under $ 89,000. It is currently negotiated at $ 88,362.

In addition, Carter stressed the fact that the Bitcoin The reserve fund will be compiled using the BTC which was seized by the federal government in the context of the confiscation of criminal or civil assets.

Echoing the words of IA And the announcement of the cryptography of the Tsar David Sacks after the peak of the White House cryptography, Carter said that not using taxpayers’ funds means that there will be no public reaction to the reserve.

In a separate jobHe jokingly suggested that if the founder of Bitcoin Satoshi Nakamoto He turns out to be someone from the National Security Agency and has about 1 million BTC kept at Fort Meade, so Trump’s decree would ensure that these funds are never sold.

After the top of the White House crypto on March 7, David Sacks declared President Trump has signed a decree to create a Bitcoin strategic reserve. According to Sacks, the US government is currently holding around 200,000 BTCs in seized assets, although a full audit has not been carried out.