Donald Trump has fulfilled his electoral promise to create a federal coin reserve, but the way he has done …

Donald Trump has fulfilled his electoral promise to create a federal coin reserve, but the way he has done … has left everything as he was, causing discouragement among the fans of the crypts

Donald Trump promised, during his presidential campaign, to create a federal coin reserve, and he has fulfilled his promise. The president stated that he would establish a minimal contribution to the Federal Reserve, and he has done so. However, the way he has chosen to do it has left everything as it was, causing discouragement among the fans of the crypts, and the price of the bitcoin and other cryptocurrencies has fallen.

The president of the United States mentioned a few days ago that he would be creating a Federal Crypto reserve, utilizing XRP, Solana, Cardano, Bitcoins, and other cryptocurrencies. Now, it has come to fruition, and the truth has been revealed: this reserve will employ confiscated crypts from scammers. In other words, there will be no purchase of cryptocurrencies, at least not at the moment.

An expert in cryptocurrencies has described it as "a pig with lipstick," which is an American idiom to express something that promised a lot but ultimately delivered minimal value.

This is the Federal Criptos Reserve

The president of the United States has signed the executive order to create the Federal Cryptocurrency Reserve.

It will be composed of the cryptocurrencies already in the government's possession, acquired from scams, hacks, detainees, etc. It is estimated that the State stores 200,000 bitcoins, valued at 17,000 million euros.

The announcement has led to a drop in the price of Bitcoin. Three days ago, it was trading at nearly 89,000 euros, but today its value has fallen to 75,000 euros. In the last 24 hours alone, it has decreased by 5,000 euros.

The first disappointment lies in the fact that it is an executive order, which means that the subsequent government could choose to cancel it.

However, the main point of contention is that, in order to create the reservation, no cryptocurrencies will be bought, and instead, they will use those that the Federal Bank already possesses. Therefore, in practical terms, nothing changes.

The most optimistic cryptofans highlight the significance of the country having an official Bitcoins reserve. Indeed, the possibility of purchases in the future is not excluded, but no dates or quantities have been specified.

The Federal Bitcoins Reserve of the Government of Donald Trump is now official, but it is not what the crypto market anticipated. It is a symbolic act, more than anything else.