Bitcoin was declared a strategic reserve by the United States. The world's largest economy says that we are now holding Bitcoin as a strategic reserve, we see. After the strategic reserve was declared, I looked at the Bitcoin chart to see what was happening, Bitcoin fell, and it fell a lot. If I'm not mistaken on Thursday, it was around 90,000, and after the announcement, it fell to 85,000. How could that be, something that we could not have imagined a year ago happened. One of the most important issues that those who have held Bitcoin for many years have defended against others has come to life. One of the world's major economies will one day declare Bitcoin as a reserve currency, a dream, and Bitcoin is falling against this, and the level it has fallen to is slightly above the 2022 peak of 68,000. The whole world has changed since then regarding Bitcoin. But this is how Bitcoin reacted. So is this reserve really meaningless? Are people right to sell Bitcoin? What does this reserve mean? I will explain all this now and shed light on an important issue. They say that Bitcoin will not be bought, the American State will only keep the bitcoins in its possession. That's why they are selling Bitcoin. This is also super stupid, I'll explain why.

I got the news from David Sacks. David Sacks is the White House's tsar responsible for crypto and artificial intelligence. He's a venture capitalist I've been following for a long time. He also has very close relations with Elon Musk, they were together at Paypal. In the Twitter cover photo, he is holding the presidential decree from Trump's hand regarding the Bitcoin reserve. If you want, you can read the entire decree from David Sacks' account. Donald Trump is smiling as the Bitcoin reserve decree is signed. The signing moment is a historic moment, by the way, I'm also crazy about Trump's pens, he always holds pens like this next to him. So what does all this mean, let's take a look at David Sacks' statements. He says that the American Federal Government has now started holding Bitcoin as a reserve. The bitcoins we transferred to this reserve in the first place are the bitcoins we seized from various criminals. As you know, there are bitcoins that America seized in cases like FTX. The total number of Bitcoins here is estimated to be around 200,000. We don't know the exact number, there are a lot of Bitcoins that have been sold in the past. Because of these, the loss incurred by America according to yesterday's pricing is around 17 billion dollars. They say they haven't done a full audit on the 200,000 bitcoins they have yet, but we estimate it to be around 200,000. We will not sell any of the bitcoins stored here. We see this as digital gold. Imagine an environment similar to the warehouses in Ford Knox where America stores its gold.

Of course, this is a digital environment here and these bitcoins will stay there. The cost to the American government of the bitcoins sold so far is around 17 billion dollars. Our goal now is to maximize the value of the bitcoins we have left. Now this is very important, as they say, but they will not buy new bitcoins, they will only keep the bitcoins they have, it is wrong. Here it says that the Treasury and Commerce Ministries have been given authority to acquire new bitcoins that do not affect the budget. Now this is important, it says budget-neutral, meaning that there will be no new budget burden on the citizen from here. They say that we will not go and set aside money and go and buy Bitcoins with that money. But as long as the budget does not touch it, we can buy and acquire Bitcoin. We have been given authority on this issue. As long as we do not impose a new burden on America's taxpaying citizens. This is probably where they misunderstand or want to misunderstand. Because this does not say do not acquire Bitcoin, it says that no money will be allocated for Bitcoin in the budget. So are there ways to acquire Bitcoin without allocating money for Bitcoin in the budget? Of course there are. I will try to explain them a little later.

Also, the state has digital assets other than Bitcoin. It says it will create a stock of them. But it does not see them as a strategic reserve, it says we will not sell them either. It says we have cryptos obtained from crimes and we will not sell them either. But I repeat, it does not see them as strategic reserves and makes a strict statement about them. It says we will not acquire or acquire assets other than Bitcoin. Look, it is strict here, it says we can only buy Bitcoin without touching the budget on the Bitcoin side. It says we can find a way to acquire Bitcoin. But for other crypto assets, it says no, we will not buy them, we will not collect them, and in the end it says we made our promises, we kept our promises.

So how can America increase its Bitcoin reserves without spending money from the budget? Someone named Ivan Cionek immediately came up with some ideas. First, he says that the state can tokenize some of its physical assets. In other words, the state can tokenize the land, minerals, and various intellectual rights it owns and convert them into Bitcoin, he says this is the first way. In this way, no money will be spent from the budget, and there will be no new burden on the taxpaying citizen. Second, the state can issue new bonds based on Bitcoin. Again, this has nothing to do with a budget. Third, the state can convert some of its assets into Bitcoin. For example, if it has a lot of gold, it can convert some of this gold into Bitcoin or use the gold in its possession as collateral and buy Bitcoin against it. Again, it has no effect on the citizen or the budget.

If the value of Bitcoin increases, this would be good for America. It can establish strategic partnerships, and increase its Bitcoin reserves by collaborating with different companies. Since I don't fully understand this, I won't go into much detail, and perhaps one of the most logical items is that the state can engage in some mining operations. There is very serious energy production in Bhutan and the king of Bhutan obtains Bitcoin from them. Again, this does not have any budgetary cost for the citizens. If there are currently very inefficient energy production facilities in different places in America, they can perhaps convert them into Bitcoin production facilities. In other words, America can find ways to grow its Bitcoin reserves without allocating money from the budget.

Now that we have taken care of this, is it very important for America to declare Bitcoin as a reserve? Of course it is very important. Because what does this mean at its most basic? Bitcoin is now a legal asset. For example, the IMF is currently pressuring El Salvador, saying if I am going to give you more support, please do not keep Bitcoin reserves, it says it is dangerous, it says it is illegal, it says it is money laundering. America says there is no such thing. The world's largest economy says we see Bitcoin as a reserve. The psychological impact this will create is very high, because whether you are a state, a company or a citizen, you may have some concerns in your mind about creating a Bitcoin reserve. Legal concerns, Bitcoin black money relations, will Bitcoin collapse, etc. America is behind it now.

Of course, we probably won't see the results of this event right away. But if someone tells you what bitcoin is, it's gambling money, it's not digital money, it's a lie, you'll say that the great America keeps it as a reserve currency. That's why a very serious strengthening factor has come to the Bitcoin brand and the meaning of Bitcoin. Here, in contrast, the market is selling Bitcoin. How should we see such days? Maybe we should see it as an opportunity, I don't have any price level advice. Bitcoin is very volatile, it can go anywhere. But there are developments in Bitcoin that we wouldn't have believed if we had seen them in our dreams a few years ago. Frankly, I can call Bitcoin's reaction ungrateful. I think very good days await me and those who hold Bitcoin in the long term.

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