On March 7, 2025, Crypto Investor and Wolf of All Stretes Podcast Host Scott Malkar, a large part of his Wolf Den Newsletter launched the bitcoin reserve and dedicated to public response to it. Later that day, he added several statements through his X account, explaining the importance of this historical event.
US strategic bitcoin reserve creation
Donald Trump promised the launch of Bitcoin StockPile during his speech in 2024 at the Nashville Bitcoin Conference. At the same time, Sen. Synthia Lummis introduced the BTC Reserve Bill, suggesting that the US should acquire a million bitcoin in five years.
Expectations were high. Crypto X was full of positions with expectation that Trump would sign the Bitcoin Reserve Creation Order just after the inauguration. The reality became less thrilling because Trump did not even mention Crypto in his inaugural speech. However, he waived Ross Albridh of Silk Road, which he promised to do. Bitcoin reserve plans were later confirmed, and Sen Lumis joined the Senate Banking Subcommittee on digital assets as a chair.
On 6 March, executive Order Signed to establish a bitcoin reserve. The reserve turned out to be separated from a lummis proposed. Its sentiment is very close to the initial trump vision of stockpile made of seized bitcoin which the government will not be sold. Reserve will be growing through seizures and tremendous people so that it does not use taxpayers’ money. More than this, the reserve can be increased using other taxes related to taxes.
Currently, the US is holding about 200k bitcoins. The exact amount is not yet clear, so the government is doing an audit. Digital assets stockpile was made on the same date. This will include another cryptocurrency, ie Eth, Ada, SOL and XRP. Some? Blame There is a possibility of conflict of interest in the form of White House Crypto as making these cryptocurrency reserves can benefit indirectly. Bore denies these allegations.
After the creation of the bitcoin reserve, the BTC price decreased by $ 5,000, while the construction of a strategic bitcoin reserve is always considered as a trigger that will exclude bulls. Scott Melker explained why the price decreased and why this step was great despite criticisms.
Price drop explained
Scott Melker decisively connects the price drop with disappointment to those who were hoping that bitcoin would have to buy large amounts after strategic bitcoin reserve launch.
Melker started with his message in the newsletter “We Dood It,” started with identifying bitcoin as a strategic property “[America’s] The biggest trick in bitcoin game so far. From the beginning, Malkar said that other countries would have to follow the suit in the bitcoin race. He said that in the case of BTC Reserve, the US will barely ranked second after China. So far, the American reserve may be less than sugar. This determines the platform for the global bitcoin race that will increase the price over the long term.
In addition, Melker states that the difference between digital assets stockpile and strategic bitcoin reserve indicates that the US clearly considers bitcoin only as cryptocurrency, which fit the criteria of a strategic property worth finding a way of possible acquisitions.
“While some critics argue that it does not immediately affect the market as the government is not yet actively purchasing bitcoins, they are remembering long -term importance. The US just indicated that Bitcoin is here to live as a major financial property, and history tells us that when America sets the standard, the rest of the world follows.
As a price drop, reconciles in another factor, saying that when the big news “falls into an immoral market – the leverage takes out the weak hands.” Then, big investors show, increase the price. And this was really ahead. The Wolf of All Streets Host continues to say that the global demand of bitcoin stimulated by SBR launch will increase the pressure in the longer period.
Other reactions
There were angry voices on the internet after the details of the BTC Reserve surfaced. Many people were disappointed with the decision not to spend tax money to buy more bitcoins. Nothing sees a lot of difference between us that Marshall holds the same coins in SBR seized Bitcoin and US Treasury.
With sensibly, Scott Melker faced this approach because it ignores what is written in order, which does not deny future budget-plated BTC acquisition.
Jeff Park of Bitwaiz Investment dismissed the executive order, saying that nothing was strategic about it. Park said the entire SBR story became a major pump-dump chapter, and it is happy that it is over.
Many bitcoin bulls praised the move, which had no disappointment, the executive order was called historic. For example, Senator Lumis gave full support for the move despite rejecting his project. The only concern he raised, there was a lack of Congress support for the strategic bitcoin reserve.
A prominent bitcoin supporter using a monicor bitcoin doctor called the order “The Most Bulish News” [he has] Has seen in the last four years. ,
Anyway, the US crossed Rubicon. We will see what happens next.
