Coinbase director Conor Grogan commented on Trump's executive order to establish a strategic Bitcoin reserve, estimating that the US government holds 198,109 bitcoins. This move is expected to reduce Bitcoin selling pressure by approximately $18 billion.

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PANews reported on March 7 that in response to " Trump signed an executive order to establish a strategic Bitcoin reserve ," Coinbase director Conor Grogan posted on the X platform: "According to my estimate, the US government holds 198,109 bitcoins. This executive order will reduce selling pressure by about $18 billion."

Coinbase Director Comments on Trump's Bitcoin Reserve Executive Order