US President Donald Trump has signed an executive order to establish a Strategic Bitcoin Reserve just a few minutes ago, says crypto tsar David Sacks.

US President Donald Trump could issue an executive order as soon as March 7 to create a reserve for the country to buy Bitcoin, Bloomberg reports.

With roughly eight months until a November election, a Stand With Crypto poll suggested that the organization’s New Jersey advocates could determine who will be the next governor.

The market is still assigning a relatively low probability to the creation of a national crypto reserve, Sygnum Bank’s head of research said.

The White House’s crypto summit could reveal important details about the Trump administration’s forthcoming crypto policies, including plans for a BTC reserve.

Bitcoin’s upside appears to be capped by recession risks, geopolitics and investors’ anxiety over Friday’s crypto summit at the White House

A metric tracking global liquidity and crypto markets suggests that the total market capitalization of the cryptocurrency sector could hit $4 trillion in the second quarter of 2025.

Sacks’ message came on the eve of the White House’s first crypto summit, where Bitcoin is expected to feature prominently on the agenda.

The former CEO of defunct cryptocurrency exchange FTX said he could be in his “late 50s” by the time he is released.

Bitcoin is hardly giving bullish cues despite a BTC reserve potentially being announced by the US within 24 hours.