Trump Launches US Strategic Bitcoin Reserve, 'Digital Asset Stockpile' - Investopedia

Big news in the world of cryptocurrency! President Trump just announced a special savings account for the U.S. government, but instead of dollars, it's filled with Bitcoin and other digital money called cryptocurrencies. Think of it like a super-secret piggy bank for digital coins!

This isn't just any piggy bank; it's a strategic reserve, meaning the government is storing these digital coins to protect the U.S. economy. This means that the government will already be using and storing these cryptocurrencies, making them potentially more trustworthy.

The government already owns some Bitcoin and might add others in the future, but only if it doesn’t cost extra tax money.

• The U.S. government is creating a Bitcoin reserve.
• It might include other cryptocurrencies like Ether, XRP, Solana, and Cardano.
• Bitcoin's price is around $89,000, down from a high of $109,000.