White House Designates Bitcoin as Strategic Reserve Asset, Plans Government-Wide Audit

On March 7, White House crypto czar David Sacks confirmed the U.S. government's decision to treat Bitcoin as a strategic reserve asset, citing its scarcity and potential long-term benefits for the country. Sacks, in an interview with Bloomberg Technology, highlighted the government's existing Bitcoin holdings, estimated at around 200,000 BTC, though the exact figure remains unverified due to the lack of a comprehensive audit. President Trump's March 6 executive order mandates a full audit of all federal agencies' cryptocurrency holdings to safeguard them and maximize their long-term value. While a separate digital asset stockpile, managed by the Treasury Secretary, allows for portfolio rebalancing and sales, the Bitcoin reserve is intended for long-term preservation. Experts like Joe Kelly from Unchained emphasize that clear regulation enabling innovation is crucial for Bitcoin's role in the global financial system. Aurelie Barthere from Nansen noted a potentially bullish aspect in the executive order, authorizing the Secretaries of Treasury and Commerce to develop budget-neutral strategies for acquiring more Bitcoin. CK Zheng from ZX Squared Capital believes this strategic reserve could catalyze further nation-state adoption, predicting a Bitcoin rebound through 2025 as pro-crypto regulations emerge.