According to Eleanor Terrett, White House Crypto Czar @davidsacks47 announced that @realDonaldTrump has signed an Executive Order to establish a strategic $BTC reserve using assets already owned by the federal government. The Secretaries of Treasury and Commerce, @howardlutnick and Scott, are involved in this initiative.

According to The Kobeissi Letter, the federal government currently employs 2.7 million people, with a total wage expenditure of $400 billion annually. The possibility of large-scale layoffs in this sector could significantly impact consumer spending and market stability, potentially influencing trading strategies focused on sectors such as consumer goods and real estate. This development might create short-term volatility in the stock market, with potential sell-offs in companies heavily reliant on government contracts.

According to The Kobeissi Letter, 2.7 million people currently work for the federal government, representing $400 billion in annual wages. The potential for mass layoffs could significantly impact the cryptocurrency markets as investors may seek alternative assets for stability. The financial uncertainty and potential decrease in consumer spending could lead to increased volatility in crypto trading. It is crucial for traders to monitor government employment policies closely as these developments may present both risks and opportunities in the crypto space.

According to André Dragosch, PhD, over 20 US states are anticipated to purchase Bitcoin at volumes comparable to the federal government, collectively absorbing approximately 2.5 times the annual new supply of Bitcoin. This significant demand could drive market prices higher and impact trading strategies.