today we got our own executive order establishing this Bitcoin Reserve that we've been hearing about for so long but there is the asterisk to this whole thing okay and that is why some of you guys may be wondering if we got our Bitcoin Reserve why did Bitcoin go down uh if you look at it this right before we were like hovering around 90 Bitcoin Reserve came out 91 and then boom we drop all the way down to 84 and we're kind of hovering around 88 so obviously this looks like we're doing a v-shaped recovery so you know this could be due to a couple things number one the whales again doing their thing trying to make people scared into thinking this is not a good thing and you know they they caused a whole lot of longs to get liquidated and now they're buying back so we could be back in the ' 90s in no time that give me number one number two uh some people are not that excited about what was signed okay that asterisk I'm talking about so what is that asterisk well I mean yes even though we did get a Bitcoin Reserve this is not according to what we've been hearing about what Senator Lumis was talking about before and what about that crypto Reserve right what about everything outside of Bitcoin including Soul xrp cardano right what happened to them well David Sachs actually broke the news news today he tweeted this out and uh I'm not going to read the whole thing but to sum it up for you guys basically they are going to take that 200,000 Bitcoin that was confiscated uh from Silk Road right remember some of it were being sold off before last year and we were like wondering why it was being sold off it seemed like right before Trump got elected uh well that is being taken from the Department of Justice and and that is being put into the Bitcoin Reserve okay so the 200,000 that are left they will not be sold off that's great that's great now in addition the task force or I don't know the task force but like the treasury secretary um and Commerce Secretary they are authorized to develop the budget neutral strategy for acquiring more Bitcoin provided that those strategy have no incremental cost on taxpayer um on taxpayers which means that you know the what we heard before about purchasing up to a million Bitcoin 200,000 per year up to a million that seems to be out the window now okay there's no set schedule there's no set amount this is basically taking what the government holds already putting the reserve making sure that it's not sold and also telling these guys the new treasury secretary and Commerce Secretary to basically try to develop a way to acquire firey more Bitcoin without costing anything that's going to be hard I don't know how they're going to do it right um maybe like if they confiscate it from other projects or or you know from hacks or something if they if they somehow can get recover Bitcoin um you know they could put in a reserve but it doesn't mean that they're actually going to spend money to buy Bitcoin hey may these are smart guys maybe they can figure it out maybe they can acquire and buy Bitcoin without costing taxpayers but that's why you know I think some people uh they they didn't really like what was said about this because this didn't go according to plan right not the 1 million Bitcoin that's been talked about letnick also talked about the 1 million Bitcoin Lumis has been talking about saor has been talking about it this does not talk about acquiring 1 million Bitcoin but you know these are smart guys again they may figure something out right now it just seems like this is more optional than mandatory see because it's worded or authorized to develop budget neutral strategies it's not worded like they are mandated or they have been tasked to do so right so the wording of it makes it seem like it's optional now the second part of this they call it the US digital asset stockpile so it's not the crypto Reserve it's just the Bitcoin reserve and then you have a asset stockpile and that stockpile is what will be holding salana xrp and cardano okay it doesn't even mention eth it's eth is probably in there too so this is unlike the Bitcoin part this is first of all the the US government doesn't have any so there's nothing to put into it okay but unlike Bitcoin they're not going to develop budget neutral strategy to acquire these assets they will simply take them through for forfeiture proceedings okay meaning that hey if they are confiscated for some malicious reason then they will take them and then put into the stockpile but there is no mention about buying these assets there's no mention about buying a or Soul or cardano right now it could be when they say forfeiture proceedings I mean it could be like donated too maybe Ripple wants to donate a whole lot to the stockpile maybe salana or cardano if they have a treasury they can donate some right but it doesn't look like they're going to be buying any so that's the thing so yeah so that's the gist of it again you guys could read it yourself uh I read it I had grock read it and basically to sum it up it's taking what we have in Bitcoin put into Reserve making sure it's not sold optional to develop new methods to buy more Bitcoin without costing anything and then if there's anything else that seized or confiscated it'll go into that digital stockpile rather than be sold off I guess right so that's the alternative yeah so that was an El so that's why we had this happen right again it could be whale games because ultimately this is better than nothing remember we had nothing before all previous Cycles we didn't have anything like this before okay so this is still better than nothing and sailor will be attending that White House Summit right and you have some big Powerhouse players going and they're all going to be talking they're all going to be like coming up with ideas and that's why I think maybe something gets announced today that could be even B be just as big if not bigger than the executive order for the Bitcoin Reserve I mean if you look at this list it's it's full of project leaders exchange CEOs you know just Michael sailor and a lot of VCS as well that represent a whole lot of projects and you could see there are a ton of people that'll be there and they all be talking to David Sachs and Trump and Besson and lutnick and everyone else and you know what something else huge could be announced today or maybe not maybe nothing gets announced today but overall this is very very positive because they're all going to be sharing their ideas and thoughts and it's going to be productive one way or another but I do think there will be something else that's announced today it's it's all building up towards that and David Bailey the CEO of Bitcoin magazine and Bitcoin conference who is going to be attending he also thinks that China now is doing the same thing as the us because they have a large stockpile of Bitcoin that They confiscated they're going to use that to make a strategic reserve and they're going to figure out how to acquire more so it's starting already right and look at look at the countries around the world that have some Bitcoin of course us leads China second you got UK Ukraine and ban and El Salvador that's that's up there and soon you're going to have many many other countries with more and this is just what we know of many other countries probably do have more we just don't know Brian Armstrong thinks that basically many of the G20 Nations will follow if not all of them right so this is all great today I think we're going to hear a lot of things being announced and it's going to be good it's going to be absolutely good even if I'm wrong and there's nothing announced the fact that these leaders are all together talking to Trump and Sachs sharing their ideas is going to lead to some good things for sure