Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today.

“I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s been building.”

Bitcoin does not exist in a vacuum. It does not exist outside the flow of time. We cannot just sit on our hands and do nothing while chasing the perfect, flawless, no downside improvements to this network and protocol. 

The real world does not stop. 

Yesterday the most powerful nation state on the planet officially instituted a Strategic Reserve of Bitcoin. We are past the point of no return on a path now. Governments are here, they are paying attention, they are actively participating now. The level of that participation will not shrink, it will not be reduced, it will only grow from here. 

We do not have time to keep fucking around treating this project as a toy, an academic curiosity, or an intellectual puzzle. It needs to scale, now. The counter narratives to neuter Bitcoin due to its lack of scalability are not just already here, they are massive. They have support from huge swaths of this ecosystem. 

“Bitcoin isn’t for spending, it’s for saving.”

“If you need to transact, just use stablecoins (that are centralized, censorable, and seizable).”

“Bitcoin is collateral.”

We are sleep walking into a future where Bitcoin is a neutered useless toy. Where it provides no privacy to anyone. It provides no censorship resistance or sovereignty to anyone. Where it is a useless hunk of lead to anyone outside of a white listed and surveilled system. 

Governments aren’t going to just sit on their thumbs while we bicker and waste time until we find the perfect solution to scalability, and then go “Sure things folks, we’ll get right on activating that.” They will fight it tooth and nail. They do not care about you, your freedom, or your prosperity. They care about their own power. They will not support things that degrade their power and influence over you. 

“Sorry, we have to have our guys look at this first, we’ll get back to you.”

“This seems risky, we can’t allow some internet nerds who want to tinker to put at risk the value of a strategic national asset.”

“Nope, this seems like it will enable things the last few years of regulation decided were illegal.”

The world doesn’t give a shit that you don’t have the perfect move or course of action available, it will not sit on its ass and wait for that option to become available to you. It will keep moving forward, it will keep removing and limiting the options available to you. There is no pause button. 

It’s time to stop fucking around and acting like Bitcoin is some intellectual exercise, it is a real thing in the real world. And it happens to be the only thing that will give us any chance of the future not being a dystopic nightmarish hellhole. 

This isn’t a game, and it’s time to stop pretending like it is. 

U.S. President Donald Trump signed an executive order Thursday to establish a strategic bitcoin(BTC) reserve that includes BTC seized by the U.S. government through law enforcement actions.

White House crypto and AI czar David Sacks said on X that the stockpile will also include other coins forfeited in criminal or civil proceedings while stressing that no taxpayer money will spent on acquiring BTC or other coins.

According to Arkham Intelligence, the U.S. government currently holds 198,000 bitcoins worth about $17.3 billion. Treating the same as reserve essentially takes out over $17 billion in selling pressure from the market.

Still, bitcoin extended losses, hitting lows near $84,700, reflecting investor disappointment over the lack of new BTC purchases for the U.S. government. Prices, however, have recovered to $87,600 at press time in hopes that Trump will announce a favorable crypto tax policy at Friday’s White House crypto summit.

Here is what market pundits had to say about the strategic reserve.

Valentin Fournier, analyst at BRN

“The Executive Order has disappointed some investors, as it explicitly states that the government will not acquire additional assets beyond those obtained through forfeitures. This lack of a clear acquisition plan has created confusion, weighing on market sentiment and leading to a 4% daily decline in Bitcoin, Ethereum, and Solana.”

“Commerce Secretary Howard Lutnick has been authorized to develop a budget-neutral strategy for acquiring additional Bitcoin. Given Lutnick’s strong ties to Bitcoin through his involvement with MicroStrategy, this could signal a hidden accumulation strategy by the U.S. government, potentially igniting a parabolic rally.”

Dick Lo, CEO of Quant-driven digital assets trading firm TDX Strategies

“Initial disappointment as the market had built up high expectations leading up to the announcement. However, the news is unambiguous positive: It would have been unrealistic to expect new buying without a plan on how it would be funded; An important distinction has been made between Bitcoin and the rest of crypto, i.e. not a single dollar will be spent buying altcoins.”

“Potential further positive announcements to come from the Crypto Summit: more favorable tax treatment towards crypto.”

Andrew O’Neill, Digital Assets Managing Director, S&P Global Ratings

“The significance of this executive order is mainly symbolic, as it marks the first time bitcoin is formally recognized as a reserve asset of the United States government. Currently, the reserve will only include bitcoin already owned by the U.S. government, specifically BTC forfeited through criminal or civil procedures. The order commits to holding this BTC as a reserve asset without selling it.

“However, the order does contemplate the possibility of acquiring additional bitcoin for the reserve, provided it can be done in a budget-neutral manner.There is no indication yet of how much, if any, would be acquired nor a timeline. The order also clearly distinguishes between bitcoin and other digital assets, which will not be included in the reserve but rather, included in a separate “stockpile.”

Jeff Anderson, head of Asia at STS Digital, said in a Telegram message:

“Market is re-pricing tail risk now that the U.S. won’t be actively buying BTC. The BVIV [the 30-day implied volatility index] is down 6 vol points this morning.”

This is a running list of comments from crypto market experts and will be updated regularly.