In a bold move to position the United States as 'the crypto capital of the world,' Trump has issued an executive order aimed at establishing a strategic Bitcoin reserve.

Despite some skepticism regarding whether Trump's pro-crypto initiatives are genuine or merely a political strategy, he has made significant strides in altering anti-crypto regulations since taking office.

However, the crypto community's reaction to Trump's executive order has been lukewarm, largely due to the lack of a clear purchasing strategy for Bitcoin.

Recent reports indicate that the White House is exploring the possibility of utilizing U.S. gold reserves to finance Bitcoin acquisitions, with plans that could involve purchasing up to 1 million BTC.

Bo Hines, a White House official, elaborated on this potential strategy in a podcast, discussing the feasibility of leveraging gold reserves for Bitcoin investments.

This comes on the heels of Bitcoin's price fluctuations, which saw it soar above $100,000 before dipping below $80,000, leaving many investors eagerly anticipating a key announcement from Trump.

As of late March 2025, the crypto market has experienced minimal fluctuations following a period of volatility earlier in the month.

Amidst this backdrop, a fake video has surfaced, showing Trump allegedly unveiling the Bitcoin whitepaper in the Oval Office, which social media platforms have flagged as manipulated.

This viral hoax parodies a genuine Fox News clip and underscores Trump's potential impact on Bitcoin's legitimacy within the political landscape.