Today in crypto, disappointment surrounding the US Strategic Bitcoin Reserve signals unrealistic investor expectations, according to regulatory experts, Michael Saylor advocated for an aggressive US government approach to Bitcoin accumulation, and the Bitcoin community shared mixed reactions to the White House Crypto Summit.
Bitcoin reserve backlash signals unrealistic industry expectations
The widespread disappointment surrounding the US Strategic Bitcoin Reserve — hailed as a historic step for Bitcoin adoption — suggests unrealistic investor expectations, according to regulatory experts.
President Donald Trump signed an executive order on March 7, which will utilize Bitcoin (BTC) seized in government criminal cases rather than purchasing the asset directly from the market. The announcement triggered a more than 6% drop in Bitcoin’s price, falling from $90,400 to $84,979, according to Cointelegraph Markets Pro data.
The reaction signals unrealistic industry expectations, according to Anastasija Plotnikova, co-founder and CEO of Fideum, a regulatory and blockchain infrastructure firm focused on institutions.
BTC/USD, 1-month chart. Source: Cointelegraph
“It was very clear that the US government could utilize the existing BTC in their possession, aka seized funds,” she told Cointelegraph, adding:
“It is bizarre to see such a big public disappointment coming from some industry players. […] Not that long ago, even the idea of BTC Reserve held and supported by a federal government was a revolutionary idea, and now we see a very solid implementation.”
The Bitcoin reserve is a “cautious” approach with taxpayer funds, which “make this decision well aligned with the messaging from this administration,” added the regulatory expert.
Michael Saylor pushes US gov’t to purchase up to 25% of Bitcoin supply
Strategy founder Michael Saylor has proposed that the United States government aims to acquire up to 25% of Bitcoin’s total supply over the next decade for its Strategic Bitcoin Reserve.
“Acquire 5-25% of the Bitcoin network in trust for the nation through consistent, programmatic daily purchases between 2025 and 2035, when 99% of all BTC will have been issued,” Saylor wrote in a document titled “A Digital Assets Strategy to Dominate the 21st Century Global Economy.”
Saylor presented the document to US President Donald Trump, government executives, and global crypto leaders at the White House Crypto Summit on March 7.
He explained that the government should stick to a “Never sell your Bitcoin” policy, predicting that by 2045, the Strategic Bitcoin Reserve could generate over $10 trillion annually, and serve as a “perpetual source of prosperity” for Americans.
Bitcoin community has mixed reactions to White House Summit
The Bitcoin (BTC) community voiced mixed reactions to the recent White House Crypto Summit, with some calling the event underwhelming and others characterizing the summit as a historic milestone for digital assets.
Retail investors and Bitcoin maximalists tended to have a more critical view of the Trump administration’s first White House Crypto Summit.
“The White House’ crypto summit’ is a gathering of rent-seeking lobbyists pushing state-approved surveillance tokens,” BTC maximalist Justin Bechler wrote on X.
President Trump, cabinet members, and advisers address the White House Crypto Summit. Source: The White House
However, institutional investors and asset managers viewed the meeting much more positively and hailed it as a massive success.
Kyle Samani, the managing partner at Multicoin Capital, attended the summit — characterizing it as a “historic moment” for the digital asset industry. “We used to be fighting to stay alive. Now, we forge the path to lead the world in crypto,” Samani wrote.
