As of March 9, 2025, Bitcoin is trading at approximately $82,617.22, reflecting a 2.47% increase over the past 24 hours. Ethereum is priced around $2,970.38, up 1.88% in the same period. Crypto markets face major shifts as technical moves and political decisions drive new strategies.
On March 7, 2025, at 3:10 AM UTC, President Donald Trump signed an executive order that creates a Strategic Bitcoin Reserve and a Digital Asset Stockpile. Today the US government holds seized crypto worth $18.28 billion with 198,109 BTC valued at $17.87 billion and ETH holdings of $119 million. The market saw Bitcoin drop from $90,400 to $84,979 after the order was announced. Moreover, the price of Bitcoin is currently 82,617.22 USD +1,993.49 (2.47%) today at the time of writing. This historic move and its backlash reveal unrealistic industry expectations and spark bold proposals for the future.
Crypto Fear & Greed Index | Source: Alternative.me
The Fear and Greed Index has decreased to 20, still indicating an extremely fearful market sentiment. Bitcoin has remained below the $100,000 mark, experiencing limited whale accumulation and low volatility.
What’s Trending in the Crypto Community?
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DOGE Prototype Shiba Inu KABOSU: The owner announced the launch of the Cocoro token on the Base chain. Cocoro tokenomics: 75% of LP will be permanently locked, and 20% will be airdropped to DOG and Neiro holders. Cocoro’s market cap briefly exceeded $100 million.
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BlackRock’s Ethereum Holdings surpassed Grayscale, prompting Grayscale to remove the phrase "world’s largest Ethereum fund" from its website.
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Gemini has secretly filed for an IPO and is collaborating with Goldman Sachs and Citigroup.
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Michael Saylor’s Pushes U.S. Government towards a Bold 25% Bitcoin Acquisition Proposal
Trending Tokens of the Day
The Crypto Market’s Adverse Reaction to the U.S. Strategic Crypto Reserve: Bitcoin Price Action March 9
BTC/USD, 1-month chart. Source: Cointelegraph
On March 7, 2025, at 3:10 AM UTC, President Donald Trump signed an executive order that creates a Strategic Bitcoin Reserve and a Digital Asset Stockpile. President Trump signed the order to use Bitcoin seized in government criminal cases rather than buying on the open market.
Crypto czar David Sacks stated on X, "Just a few minutes ago, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve." Moreover, regulatory expert Anastasija Plotnikova said, "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 market reacted with a drop of over 6% in Bitcoin's price, falling from $90,400 to $84,979. Moreover, this reaction indicates that many in the industry expected a more aggressive approach from the US government.
Read more: Trump Orders Creation of U.S. Sovereign Wealth Fund: Could Bitcoin Play a Role?
The U.S. Doubles Down on Crypto at the Historic White House Crypto Summit
Source: Truth Social
The White House hosted a historic crypto summit on March 7, 2025 where top officials and industry leaders gathered.
Chainlink co-founder Sergey Nazarov said, "It was a great event that had some of the top leaders in our industry in attendance."
Key figures such as Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and President Trump shared their views on the crypto reserve, regulation, and legislation.
Nazarov stressed, "The executive branch and legislative branch working together to get our industry adopted by the US financial system is very important."
Bipartisan cooperation at the summit is setting a foundation for new laws and regulations that will support the expansion of digital assets.
Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and President Donald Trump.
“It was a great event that had some of the top leaders in our industry in attendance, all of whom got the chance to share their views on the crypto reserve, regulation, legislation, and the overall strategy for how our industry will be able to evolve in the United States financial system,” he shared on March 7, emphasizing the significance of the U.S. financial system’s global influence. He opined:
Since the U.S. financial system is the world’s leading financial system and many other financial systems follow its lead, this was a truly historic day for our industry.
Michael Saylor’s Pushes U.S. Government to a Bold 25% Bitcoin Acquisition Proposal
Source: X
At the crypto summit on March 7th, Michael Saylor urged the US government to acquire up to 25% of Bitcoin’s total supply between 2025 and 2035.
Saylor wrote in his document, "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."
His proposal outlines that acquiring 5% would mean holding approximately 1.05 million BTC while acquiring 25% would result in 5.25 million BTC given the total supply is capped at 21 million BTC. Saylor predicts that by 2045 the Strategic Bitcoin Reserve could generate between $16 trillion and $81 trillion in national wealth. Moreover, he insists on a "Never sell your Bitcoin" policy to secure the reserve as a long-term store of value that reduces national debt and funds infrastructure.
Source: X
The U.S. Crypto Reserve’s Global Implications and Historical Significance
This executive order marks a turning point in global finance. By establishing a Strategic Bitcoin Reserve, the US sets a precedent for national digital asset management that could influence global policy. Moreover, the reserve acts like a digital Fort Knox and secures assets seized through criminal proceedings. Countries worldwide will closely monitor this move as it may inspire similar strategies and reinforce the legitimacy of digital assets as sovereign stores of value. Moreover, the initiative boosts global fiscal credibility and signals that digital assets are becoming integral to modern economic strategy.
Conclusion
US crypto policy is undergoing a radical transformation. President Trump's executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile has triggered market backlash and exposed unrealistic industry expectations. Moreover, the historic White House Crypto Summit showcased bipartisan cooperation and set the stage for forward-thinking regulations. Furthermore, Michael Saylor's bold proposal to acquire up to 25% of Bitcoin supply outlines a vision of national wealth generation that could reshape the financial system. In summary, these converging trends mark a watershed moment in financial history with global implications that will redefine digital asset management for decades to come.
