Bitcoin advocates are expressing concerns over U.S. President Donald Trump's recent executive order to study the creation of a "digital asset stockpile," as the order does not explicitly mention Bitcoin (BTC).Trump’s Jan. 23 executive order calls for a working group to explore the feasibility of accumulating digital assets, potentially sourced from cryptocurrencies lawfully seized by the federal government. However, the omission of Bitcoin (BTC) from the order’s language has left Bitcoin maximalists uneasy, fearing that other cryptocurrencies may be included.Diverging Views on Digital Asset InclusionProminent Bitcoin advocate Peter McCormack highlighted his disappointment on X (formerly Twitter), noting that the executive order failed to mention Bitcoin even once. Similarly, Ikigai Asset Management’s Chief Investment Officer Travis Kling remarked that Bitcoin maximalists are “really struggling” with the use of the term “digital assets,” which could imply the inclusion of altcoins alongside Bitcoin.Despite the backlash, Dennis Porter, CEO of the Bitcoin-focused Satoshi Action Fund, defended the use of broad terminology, arguing that “tech-neutral” language is necessary to minimize political resistance and achieve the ultimate goal of making the U.S. the largest holder of Bitcoin.Meanwhile, Riot Platforms' VP of Research Pierre Rochard has pointed to Ripple Labs as a key opponent to a Bitcoin-only reserve, accusing the company of lobbying for a broader inclusion of cryptocurrencies, particularly Central Bank Digital Currencies (CBDCs). Ripple CEO Brad Garlinghouse, however, rejected these claims, asserting that Ripple’s efforts could increase the likelihood of a national crypto reserve, including Bitcoin.U.S. Crypto Holdings and Future PlansAccording to Arkham Intelligence, the U.S. government currently holds approximately 198,100 BTC worth $20.4 billion, representing 98% of its total crypto reserves. However, its holdings also include altcoins such as Ethereum (ETH), valued at $182 million, and other lesser-known digital assets.David Sacks, the Trump administration’s crypto and AI czar, has been tasked with leading the study on the feasibility of a national crypto reserve. He recently clarified that while the idea is under evaluation, no final decision has been made yet.The crypto community remains divided on whether the government will establish a strategic Bitcoin reserve, which could serve as a financial asset to strengthen the country’s economic resilience, or simply a stockpile asset held for emergency use.Currently, Bitcoin is trading at $104,290, reflecting a relatively stable trend in the past 24 hours, according to Cointelegraph.
Alex
Brian
Kikyo