#BTC Hits a New ATH: What’s Next? At a press conference, when asked about the BTC strategic reserve fund, Jerome Powell said they are not allowed to own BTC and do not support changing the law. Strategic reserves are important resource reserves that may be released during a crisis or supply disruption. The most famous example is the US Strategic Petroleum Reserve, which is the world's largest emergency crude oil supply, established by Congress in 1975 after the 1973-1974 Arab oil embargo that paralyzed the US economy. Presidents have used this reserve to stabilize the oil market, whether during wartime or hurricanes, to maintain the oil infrastructure in the Gulf of Mexico. Analysts and legal experts are divided on whether Trump can create reserves using his executive power or needs congressional legislation. Some believe Trump can create reserves by instructing the US Treasury to stabilize the Exchange Rate Fund through executive orders, which can be used to buy or sell forex, or hold BTC. According to data, this reserve may also include BTC seized from criminals, equivalent to about 200,000 Tokens, worth approximately $21 billion at current prices. Trump believes this reserve may be the starting point for his BTC reserve plan announced in July, but it is currently unclear what the legal process will be to transfer these assets from the Department of Justice. Trump did not say whether the government will buy more BTC on the open market to increase the reserves. To do so, the government would have to borrow money, but some supporters of the BTC reserve believe that the US can sell some of its gold reserves and use the proceeds to buy BTC. DYOR! #Write2Win Write and earn $BTC {Spot} (BTCUSDT) #2024 Gate.io 年度账单 #BTC再创新高，后续行情走势如何？ #你下一个准备买入的Meme币是什么？