Trump just put Bitcoin in a suit and called it a reserve.

The newly announced “Strategic Bitcoin Reserve” is supposed to be a game-changer for the U.S. government’s crypto strategy.

In reality, it’s a collection of Bitcoin the government already seized from criminals.

No new purchases. No taxpayer money involved. Just a rebranding exercise.

David Sacks, Trump’s crypto czar, called it “a digital Fort Knox.”

Charles Edwards, a hedge fund manager, called it “a pig in lipstick.”

The market?

It called it a disappointment, with Bitcoin briefly dipping over 5% after the announcement.

If you were hoping for the U.S. to start stockpiling Bitcoin like some digital gold rush, think again.

The reserve is capitalized with existing holdings, and while the government says it won’t sell, it also isn’t buying.

Meanwhile, Trump’s executive order also created a separate “Digital Asset Stockpile” for non-Bitcoin cryptocurrencies, but don’t expect much excitement there either.