The United States of America is a believer in Bitcoin. And it might just be the very beginning of a new paradigm shift.

‍What’s happening:‍

• President Donald Trump has officially signed a new executive order to establish a Strategic Bitcoin Reserve for the United States of America
  

Why it matters:‍

• This is the first time in American history that the government has embraced Bitcoin as an asset to hold for the benefit of the country and its citizens
  

Going deeper:‍

• The new Strategic Bitcoin Reserve is initially limited to holding the Bitcoin that the United States already owns, which has been acquired through forfeiture and seizure
  
• The executive order signed by President Donald Trump also allows the Secretary of the Treasury and the Secretary of Commerce to explore other ways to acquire more Bitcoin as long as it is done in a way which is budget neutral and does not generate any extra cost to taxpayers
  

The fine print:‍

• It is currently unclear if the United States will begin making moves to purchase more Bitcoin imminently or what amount of capital they will deploy into future Bitcoin purchases

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