Which country has established a strategic bitcoin reserve using forfeited assets, treating it as a "digital Fort Knox"?

The correct answer is United States.

In News

• Trump signs an executive order to establish a strategic bitcoin reserve in the United States.

Key Points

• The U.S. government will create a strategic bitcoin reserve, capitalized with forfeited bitcoin.
• The reserve will include bitcoin and four other cryptocurrencies: ether, XRP, solana, and cardano.
• Trump's executive order directs Treasury and Commerce secretaries to develop strategies for acquiring more bitcoin.
• The U.S. government is also developing a U.S. Digital Asset Stockpile consisting of other tokens.

Additional Information

• Bitcoin
  • Bitcoin is the first decentralized cryptocurrency, created by an anonymous person or group of people using the name Satoshi Nakamoto.
  • It operates on a peer-to-peer network, and transactions are recorded on a public ledger known as the blockchain.
• Ethereum
  • Ethereum is a decentralized, open-source blockchain system that features smart contract functionality.
  • It was proposed by Vitalik Buterin in late 2013 and development started in early 2014.
• XRP
  • XRP is the native cryptocurrency of the Ripple network, designed for fast, low-cost payments.
  • Ripple Labs, the company behind XRP, aims to facilitate global financial transactions.
• Solana
  • Solana is a highly functional open source project that banks on blockchain technology's permissionless nature.
  • It aims to provide fast, secure, and scalable decentralized apps and crypto projects.
• Cardano
  • Cardano is a blockchain platform that aims to provide a more secure and scalable platform for smart contracts.
  • It was founded by Charles Hoskinson, co-founder of Ethereum, in 2017.