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🥜 It's Official
PLUS: Countries are coming...
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GM to all of you nutcases. It’s Crypto Nutshell #571 puttin’ in work… 🧰🥜
We're the crypto newsletter that's more gripping than a survival mission on Mars with only potatoes and pure determination... 🚀🥔
What we’ve cooked up for you today…
🤔 It happened
🌎 Countries are coming…
📈 Up and to the right
💰 And more…
Prices as at 3:50am ET
IT’S OFFICIAL 😲
BREAKING: President Trump signs order to establish Strategic Bitcoin Reserve, will hold as store of value akin to Fort Knox
It’s official.
President Trump just signed an executive order to establish a U.S. Strategic Bitcoin Reserve. 🤯
Check out the full clip below:
Click to watch
However…
This (potentially) won’t be the Bitcoin buying spree some were hoping for. 😢
The reserve will be funded exclusively with Bitcoin previously seized by the US government.
Meaning no taxpayer dollars are being spent. (A controversial issue)
David Sacks (Crypto Czar), confirmed:
“The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime.”
Right now, the U.S. government is sitting on ~200,000 Bitcoin worth ~$17.7 billion.
And according to Sacks, none of this Bitcoin will be sold. Instead, it’ll act as a “Digital Fort Knox”.
But that doesn’t mean the US government won’t be buying any Bitcoin in the future.
According to the Executive Order Fact Sheet:
“The Secretaries of Treasury and Commerce are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers.”
What about the Altcoins?
The Executive Order also established a seperate “Digital Asset Stockpile” for other seized cryptocurrencies such as ETH, XRP, SOL and ADA.
BUT…
There are 2 clear differences between this and the Bitcoin Reserve:
The government WILL NOT acquire additional assets for the US Digital Asset Stockpile (It will only be funded through seized assets)
The assets in this stockpile CAN BE SOLD
Reactions from the crypto community
Michael Saylor:
Ryan Rasmussen, head of research at Bitwise:
Fred Krueger:
Senator Cynthia Lummis:
Nate Geraci:
This is a major milestone for the Bitcoin and crypto industry.
The US GOVERNMENT literally just announced a BITCOIN STRATEGIC RESERVE.
Let that sink in…🚰
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COUNTRIES ARE COMING… 🌎
Forget institutions and corporations buying Bitcoin.
After today’s executive order, entire countries are coming for it.
That’s the latest out of Matt Hougan.
Matt Hougan, the Chief Investment Officer at Bitwise, which currently holds 18,999 Bitcoin.
Today, he reacted to the Strategic Bitcoin Reserve, highlighting 4 key impacts:
All 4 points matter, but #2 and #3 stand out.
Right now, there’s a short-term window for other nations to set up their own Strategic Bitcoin Reserve - because the U.S. just broadcasted its playbook to the entire world.
Countries are coming for Bitcoin. Nation-level FOMO is here.
Coinbase founder & CEO Brian Armstrong shares a similar view. He expects many G20 nations to take notice - and eventually start buying Bitcoin themselves:
What crazy times we live in.
Keep in mind, nations now have the opportunity to front-run the U.S.
But so do we.
Just like with the Bitcoin ETF approvals, we got in before institutions and some of the biggest asset managers in the world.
This time, we’re able to front-run entire nations.
The window won’t stay open forever.
Don’t mess this up. 🌎
UP AND TO THE RIGHT 📈
Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)
This metric provides a high level overview of the Bitcoin network’s user base/activity.
But there’s a slight catch…
One wallet does not equal one user. A user can have many wallets.
What matters here is the trend of the chart.
Increasing number of addresses: increasing adoption levels 📈
Decreasing number of addresses: indicates users are selling their entire balance or consolidating wallets 📉
As of today there are 52,559,138 addresses holding at least a little Bitcoin.
Which marks a increase of 17,669 wallets compared to when we looked at this metric two weeks ago.
However…
Year-to-date this metric has declined by 65,706 wallets. 😱
At first glance, that might seem alarming.
But given weaker price action in 2025 and broader market uncertainty, this isn’t unexpected.
The bigger picture?
The long-term trajectory is still up and to the right. Bitcoin adoption isn’t slowing down, it’s just taking a breather. 🚀
CRACKING CRYPTO 🥜
Cardano's Charles Hoskinson reacts to White House crypto summit snub. Cardano Charles Hoskinson undeterred by White House summit snub, emphasizes real policy work with lawmakers.
Texas Senate passes Bitcoin strategic reserve bill. According to Bitcoin Laws, a total of 32 Bitcoin strategic reserve bills have been introduced in 24 US states at the time of writing.
Interest Rate Fears Replace Tariff Fears as Crypto Pulls Back. The "Art of the Deal" might be growing tiresome. Did someone say "stagflation?"
JPMorgan says XRP, SOL and ADA inclusion in US crypto reserve 'would be difficult'. JPMorgan sees a less than 50% chance of a U.S. strategic crypto reserve gaining approval, citing congressional hurdles.
WHAT WE’RE READING 📚
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Techpresso (link) - Daily tech news and insights
The Hustle (link) - Get Smarter on Business and Tech
Your Next Breakthrough (link) - Personal growth with Mark Manson
The Neuron (link) - AI trends and tools to keep you ahead
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