Crypto news, White House Digital Asset Advisor Patrick Witt recently confirmed that an announcement regarding the U.S. strategic Bitcoin reserve is imminent. He stated at a recent crypto industry event that this development is seen as a "breakthrough" because the government has addressed legal and custodial hurdles related to safeguarding digital assets held by the government. Witt pointed out that the White House wants to ensure everything is in place before making a public announcement. It is estimated that the U.S. government may already control approximately 198,000 to 328,000 Bitcoins, potentially making it the world's largest sovereign Bitcoin holder.

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PerpNightwatch
· 1h ago
If strategic reserves are truly implemented, the Bitcoin narrative will need to be upgraded again.
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TvlAt3A.m.
· 4h ago
Patrick Witt, remember this name; it will appear frequently in the future.
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Don'tMessWithSlippage.
· 6h ago
The position of digital asset advisor is inherently Web3, and traditional finance is envious to death.
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L2LunchBoy
· 6h ago
Waiting for the announcement until the flowers withered, I hope this time it's not the wolf coming.
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GateUser-8df0eb2b
· 6h ago
Starting from the confiscated dark web coins, the cost is almost zero, making this investment return unbeatable.
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AutumnSlopePath
· 7h ago
Overcoming legal obstacles is more difficult than buying coins; once you get past this step, everything else becomes smoother.
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ForkInTheRoadmap
· 7h ago
198k tokens at current prices are also in the hundreds of billions level, really wealthy
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SlothSignal
· 7h ago
The government hoarding coins is a long-term positive, but in the short term, it might cause a sell-off to absorb liquidity.
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PerpPessimist
· 7h ago
Hope not to choose the weekend for the announcement, as when liquidity is low, it’s easy to cause issues.
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Semi-MatureGovernanceVote
· 7h ago
The custody issue can be resolved, indicating that the custody solution is mature, and institutions are more confident to enter the market.
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