ChainCatcher news, according to Cointelegraph, investment analysts and leaders in the crypto industry believe that President Trump's executive order to establish the "U.S. Strategic Bitcoin Reserve and National Digital Asset Repository" will serve as a catalyst for the broader adoption of Bitcoin. Bitwise Research Director Ryan Rasmussen predicts that this will create a ripple effect, with other countries and private investors investing in Bitcoin with greater confidence. He emphasized, "The ultimate goal has never been 'the U.S. government buying all the Bitcoin in the world.'"Rasmussen stressed that large institutional investors, such as wealth management firms, financial institutions, and pension plans, now have "no reason" not to increase their exposure to Bitcoin and other crypto assets recognized by the Trump administration. He pointed out that as selling pressure diminishes, the likelihood of the U.S. government and states purchasing Bitcoin has increased, and he clearly stated, "The U.S. government's holding of Bitcoin would reduce the likelihood of the government banning Bitcoin to zero."

According to ChainCatcher news, the full text of the White House executive order states that the Secretary of the Treasury shall establish an office to manage and control a custodial account collectively referred to as the "Strategic Bitcoin Reserve," which will hold all BTC owned by the Treasury. These BTC will ultimately be seized as part of criminal or civil asset forfeiture proceedings, or confiscated to satisfy any civil penalties imposed by any department or agency; within 30 days of the issuance of this order, agencies shall review their authority to transfer any government-held Bitcoin to the Strategic Bitcoin Reserve and submit a report reflecting the results of the review to the Secretary of the Treasury.

ChainCatcher news, according to The Block, regarding the market's decline following Trump's Bitcoin strategic reserve executive order, Presto Research's research director Peter Chung stated, "BTC did not exhibit a parabolic response, indicating that there is a certain amount of 'buy the rumor, sell the news' activity in the market. The news has just been released for an hour, so the market may fluctuate in the coming hours as it digests various conflicting forces."LVRG Research director Nick Ruck pointed out that traders "feel disappointed" because the Bitcoin reserve announcement "is not as optimistic as they hoped," since the funds for the reserves will come from Bitcoin obtained through criminal or civil asset seizures, rather than Bitcoin purchased by the government. This statement became a sell-off news event as the discrepancy in expectations reduced the buying pressure anticipated in the cryptocurrency market.Meanwhile, Presto's Chung noted that it is worth paying attention to whether the U.S. will mention how to acquire more Bitcoin in a budget-neutral manner, as well as more details on how to handle non-BTC assets.

ChainCatcher news, according to Bitcoin Magazine, the Bitcoin Policy Institute has drafted a Bitcoin strategic reserve executive order for President Trump.