In a groundbreaking announcement at the inaugural White House Crypto Summit, President Trump emphasized a new philosophy towards Bitcoin, promoting the idea of never selling it. He also revealed the establishment of a Strategic Bitcoin Reserve (SBR), mandating that the U.S. hold onto its Bitcoin instead of selling it as previous administrations did. Trump's administration plans to explore ways to acquire more Bitcoin at no taxpayer expense, aiming for a 'budget-neutral' approach to strengthen national holdings in this digital asset.
"From this day on, America will follow the rule that everyone in Bitcoin knows very well - never sell your Bitcoin." - President Donald Trump.
"Unfortunately, in recent years, the U.S. government has foolishly sold tens of thousands of bitcoin that were worth billions and billions of dollars had they not sold them." - President Trump.
"The Treasury and Commerce departments will explore new pathways to accumulate additional bitcoin holdings for the reserve, provided it's done at no cost to the taxpayers." - President Trump.
"We don't want any cost to the taxpayers," he reiterated, highlighting the notion that the U.S. government plans to amass bitcoin in a 'budget-neutral' manner." - President Trump.
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