Trump: "Will seek ways to add to Bitcoin reserves and make additional purchases"

U.S. President Donald Trump has once again emphasized the importance of strategic Bitcoin (BTC) reserves.

President Donald Trump stated at a cryptocurrency summit held at the White House on the 8th, "I promised last year to make America a Bitcoin superpower and the capital of cryptocurrencies, and I also signed the strategic reserve bill. The Bitcoin strategic reserve will become the digital Fort Knox (the U.S. national gold storage facility)."

He continued, "Never sell Bitcoin," adding that "the Treasury and Commerce Departments will explore pathways to hold additional Bitcoin."

He also mentioned the innovative nature of cryptocurrencies. He said, "Cryptocurrencies are pioneers that can help economic growth and innovation, and we plan to pass a stablecoin bill before Congress goes on recess in August."