President Trump signed an executive order on Thursday to create a national stockpile of Bitcoin and other digital currencies, an adviser said, an audacious idea that has been widely criticized as a scheme to enrich crypto investors. The basis of the stockpile will be a stash of Bitcoin, estimated to be worth as much as $17 billion, that the United States has seized in legal cases over the years. The order also calls for federal agencies to develop “budget-neutral strategies” to buy more Bitcoin, the most popular digital currency, as long as those purchases do not generate extra costs for taxpayers. “This Executive Order underscores President Trump’s commitment to making the U.S. the ‘crypto capital of the world,’” Mr. Sacks wrote in his post. He said the United States would not sell any Bitcoin in the reserve, which he likened to “a digital Fort Knox.”
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