Venture capitalist and crypto advocate Nic Carter has praised former President Donald Trump’s latest executive order establishing a Strategic Bitcoin Reserve, calling the move a significant victory for the industry.
The announcement came during the White House Crypto Summit, where Trump’s administration laid out plans for the federal government to create a dedicated Bitcoin reserve using seized BTC from criminal and civil asset forfeitures. Carter described the decision as a “major step forward,” emphasizing that it ensures Bitcoin receives official U.S. government recognition while distinguishing it from other cryptocurrencies.
One of Carter’s key takeaways from the summit was that Bitcoin is being treated separately from altcoins. Unlike Bitcoin, other digital assets will not be included in the reserve, leaving Congress to decide how—or if—altcoins will be acquired. “Bitcoin gets official USG seal of approval, no other coin does,” Carter remarked, highlighting the administration’s clear preference for BTC.
Another aspect Carter praised was the funding method. Since the reserve will be built using confiscated Bitcoin, taxpayer dollars won’t be used, eliminating potential public backlash—a sentiment echoed by AI and crypto czar David Sacks, who spoke at the event.
In a lighthearted follow-up post, Carter speculated on a long-standing conspiracy theory—what if Bitcoin’s mysterious creator, Satoshi Nakamoto, were actually linked to the National Security Agency (NSA)? If true, and if Nakamoto’s estimated 1 million BTC were stored at Fort Meade, Trump’s executive order would ensure those holdings remain untouched.
Following the summit, Sacks confirmed that the U.S. government currently possesses approximately 200,000 BTC from seizures, though he noted that a full audit has yet to be conducted.
While Carter celebrated the move, Samson Mow, CEO of Jan3Com, expressed skepticism over whether altcoins such as XRP, Solana (SOL), Cardano (ADA), and Ethereum (ETH) would be included in the reserve.
Trump had stated that a working group would be tasked with moving forward on establishing the reserve and had mentioned several altcoins alongside Bitcoin. However, Mow was quick to point out that Trump lacks unilateral authority to determine which assets will be included. Instead, he explained that the process would require a formal proposal, a working group report, and congressional approval before any final decision could be made.
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