U.S. President Donald Trump signed an executive order to create a Strategic Bitcoin Reserve using existing federal Bitcoin holdings, sparking varied reactions in the cryptocurrency market. Approximately 200,000 Bitcoins, valued at around $17.5 billion, will be allocated to the reserve, symbolically acknowledging Bitcoin as a government reserve asset, as stated by Andrew O'Neill. The Office of the Comptroller of the Currency has clarified that national banks can participate in specific crypto activities, potentially increasing market involvement and improving customer access to digital asset services. Some investors, including Matt Hougan of Bitwise Asset Management, believe that despite short-term disappointment, establishing the reserve could bolster Bitcoin's long-term value and global importance.