US Strategic Bitcoin Reserve to be a ‘digital Fort Knox’

While the creation of a “Strategic Bitcoin Reserve” in the United States is proof of President Donald Trump’s support for the cryptocurrency sector, there are misgivings about the move, with some blaming the US government for not returning bitcoin to all victims identified as suffering from a hack. Trump signed an executive order earlier this month establishing the reserve that White House crypto chief David Sacks likened to “a digital Fort Knox”, comparing it to the stockpiling of gold bars at the US military base. Gold is held in reserves by countries worldwide as the metal is seen as a safe-haven asset, protecting against financial instability such as high inflation.