(WIFR) – President Donald Trump signed an executive decree last week by establishing a strategic bitcoin reserve and a stock of digital assets within the framework of the Treasury department.
The reserve will be administered by the Treasury Department. It will essentially be a stock of bitcoin collected through the implementation of the law.
“The United States will not sell any Bitcoin filed in the reserve. It will be kept as a reserve of value. The reserve is like a strong digital Knox for cryptocurrency often called “ digital gold ”, “David Sacks of Trump said on social networks.
Experts say Bitcoin is the original cryptocurrency – a form of digital money.
Lamont Black, an associate professor at Depaul University, says that cryptocurrency could also be used as something to have, as an action or an obligation.
Black expects the United States to see more cryptographic payments over the next three to four years.
Although some people are skeptical that Bitcoin is not assured or could potentially be scams, Black says that consumers should treat it as a learning experience.
“In the past, it was a bit marginal or something that happens in the background. I think it is now in the foreground to Wall Street and Washington DC, I think everyone should be careful. Ask themselves what it means for them individually and how they can potentially participate, “said Black.
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