It’s official: Bitcoin is America’s digital gold

Photo by Kanchanara-on Unsplash

On Thursday, March 6, 2025, Bitcoin became the official digital asset of the United States of America as President Trump signed an executive order (E.O.) establishing a Strategic Bitcoin Reserve.

“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” he wrote. “It is estimated that the U.S. government owns about 200,000 bitcoin; however, there has never been a complete audit. The E.O. directs a full accounting of the federal government’s digital asset holdings. The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold.’”

In another victory for the Cryptoverse (all things Crypto), the E.O. establishes a U.S. Digital Asset Stockpile that includes Ethereum, Cardano (ADA), Solana (SOL), and Ripple (XRP).

The stroke of genius is how the E.O. silences the squawking of Trump critics and Bitcoin haters as it utilizes the (estimated) 200,000 Bitcoins the government has confiscated through criminal activity.

In other words, not a single penny of U.S. taxpayer money is needed to establish the Reserve. It also means that…