PANews reported on March 10 that according to CoinDesk, investment bank KBW said in a research report last Friday that US President Trump signed an executive order requiring the establishment of a strategic reserve of Bitcoin and a cryptocurrency reserve, which is a "critical moment" for the industry. KBW pointed out that "the world's largest superpower has adopted several leading blockchain protocols. Bitcoin is the real winner because it is specifically regarded as a reserve asset. Not only will the government not sell Bitcoin, it is also considering the option of purchasing more cryptocurrencies."

KBW estimates that the government holds about 198,000 bitcoins. It notes that about 55% of these will be returned to Bitfinex, leaving about 86,000 remaining. Exact details on how the government plans to accumulate bitcoin have not been released, but KBW said the government could sell some of its more than $800 billion in gold reserves to finance additional purchases of the cryptocurrency. The bank said issuing U.S. Treasury Bitcoin Bonds is another option. These bonds are Treasury bonds that contain Bitcoin "added benefits" and could reduce the government's borrowing costs. The report also added that the government could also form partnerships with U.S. miners to earn Bitcoin royalties in exchange for tax breaks or incentives.