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President Trump signs order to establish Strategic Bitcoin Reserve, will hold as store of value akin to Fort Knox

JUST IN: 🇺🇸 Crypto Czar David Sacks says the "US will not sell any Bitcoin deposited into the reserve. It will be kept as a store of value" "The reserve is like a digital Fort Knox for the cryptocurrency often called digital gold."

According to Whale Insider , Meliuz, a Brazilian fintech company, included Bitcoin in its treasury strategy and invested a maximum of 10% of its cash holdings in the digital currency. The move is one of increasing conventional financial institutions to include cryptocurrencies in their asset management strategies. The company purchased 45.72 BTC at an average price of $90,296 per coin for $4.1 million, its first Bitcoin purchase. With its adoption of Bitcoin, the company is seeking long-term value appreciation and inflation cover. In addition, the decision indicates increasing institutional confidence in Bitcoin as a credible store of value. More so, Meliuz has established a Bitcoin Strategic Committee to oversee the execution and potential evolution of this initiative. This committee will analyze market conditions and assess whether Bitcoin should become the primary asset in the company’s treasury holdings. Consequently, this could lead to a more substantial allocation in the future. However, the company identifies potential risks, which are associated with investment in Bitcoin. They include volatility and regulatory risk, for instance. For this reason, Meliuz’s board of managers will undertake constant analysis and implement corresponding strategy adjustments. Additionally, Meliuz will be adopting Bitcoin in a regulatory environment that may be friendly , nevertheless, the Brazilian central bank has recently closed a public consultation on a possible ban on the transfer of stablecoins to self-custodial wallets. The nation contributed 60% of its total cryptocurrency trading volume in 2024 and came second in stablecoin transactions. Bitcoin use is in line with worldwide trends established by companies such as Japan’s Metaplanet and MicroStrategy. Other Brazilian businesses may be inspired by Meliuz’s action to investigate Bitcoin as a potential substitute for treasury assets. Recent addition of Bitcoin supporter Guilherme Bandeira to Meliuz’s board further cemented the company’s pro-crypto stance. Bitcoin is superior to traditional fiat money, like the Brazilian real, he emphasized. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The biggest post in #Bitcoin history after the US State of #Texas is now a new user of Bitcoin to store value instead of the central banks. This is the best value store in the history of man with a trustworthy ledger. Thats the nutshell. Now move on to this: 20 U.S. states with the lowest budget deficits Wyoming - Surplus from energy revenues; small population. Governor: Mark Gordon (Republican) North Dakota - Oil-driven surpluses; strong fiscal health. Governor: Doug Burgum (Republican) (Note: Burgum’s term ends in 2025; Kelly Armstrong, also Republican, takes office later in 2025, but as of now, it’s Burgum.) Utah - Fiscal conservatism; $1.2 billion surplus in 2022. Governor: Spencer Cox (Republican) Tennessee - No income tax; $1.5 billion surplus in 2022. Governor: Bill Lee (Republican) Idaho - Growth and low spending; consistent surpluses. Governor: Brad Little (Republican) Texas - No income tax; $32.7 billion surplus in 2023. Governor: Greg Abbott (Republican) Florida - Tourism and no income tax; $17.6 billion surplus in 2022. Governor: Ron DeSantis (Republican) South Dakota - No income tax; steady surpluses. Governor: Kristi Noem (Republican) Nebraska - Agricultural base; $1.2 billion surplus in 2022. Governor: Jim Pillen (Republican) Delaware - Recent surpluses (e.g., $1.4 billion in 2024). Governor: John Carney (Democrat) (Note: Carney’s term ends January 2025; Matt Meyer, Democrat, was elected in 2024 and takes office later in 2025, but as of now, it’s Carney.) Iowa - Balanced budgets; $1.9 billion surplus in 2022. Governor: Kim Reynolds (Republican) Georgia - Economic growth; $6.4 billion surplus in 2023. Governor: Brian Kemp (Republican) Alabama - Low spending; steady surpluses. Governor: Kay Ivey (Republican) Missouri - Moderate growth; $4.9 billion surplus in 2022. Governor: Mike Parson (Republican) (Note: Parson’s term ends January 2025; Mike Kehoe, also Republican, takes office later in 2025, but as of now, it’s Parson.) West Virginia - Energy revenue; $1.1 billion surplus in 2023. Governor: Jim Justice (Republican) North Carolina - Growth; $4.7 billion surplus in 2022. Governor: Roy Cooper (Democrat) (Note: Cooper’s term ends January 2025; Josh Stein, Democrat, takes office later in 2025, but as of now, it’s Cooper.) Minnesota - $2.4 billion surplus projected for 2024–2025. Governor: Tim Walz (Democrat) Washington - Tech economy; $1.6 billion surplus in 2023. Governor: Jay Inslee (Democrat) (Note: Inslee’s term ends January 2025; Bob Ferguson, Democrat, takes office later in 2025, but as of now, it’s Inslee.) Montana - Energy and tourism; $1.5 billion surplus in 2023. Governor: Greg Gianforte (Republican) Oklahoma - Oil revenue; $1.1 billion surplus in 2022. Governor: Kevin Stitt (Republican)

Coin storage is a crucial aspect of cryptocurrency ownership and use. Most new cryptocurrency users adopt centralized exchanges for coin storage, and their reasons are understandable. For instance, crypto exchanges are most users’ gateway into the crypto industry. They serve purposes like providing options to buy and trade cryptos easily. However, it is crucial to understand the inherent risks of leaving one’s crypto assets on such exchanges. Apart from buying and trading cryptos, most centralized exchanges provide extended services that benefit crypto users. Staking, lending, margin trading, and consistent liquidity represent some features that attract crypto users to centralized exchanges. Such users store their assets in custodial wallets on the exchanges to make it easy for them to carry out their activities. The question is whether a crypto holder would choose convenience over security. Major Risks of Centralized Exchange Crypto Storage No matter the attractive features of a centralized exchange, it is incomparable with the cons associated with centralized exchanges, it is nothing compared to the cons associated with centralized exchanges, especially when there is a superior alternative. The three major risks associated with using centralized exchanges include: Centralized exchanges are prime targets for hackers because of the significant volume of funds they store and control. In a recent attack, hackers stole about $1.5 billion worth of digital assets from Bybit, marking the largest single attack theft in the history of cryptocurrency. Prior to now, there have been other high-profile hacks affecting top crypto exchanges like Mt. Gox and Binance. Keeping your assets on such exchanges may put you in the line of fire, exposing you as collateral damage in the middle of the crossfire between the platforms and hackers. Storing your crypto assets on platforms where you do not control the private keys means you have given up control of your wealth. The exchanges holding and controlling the keys can decide on what to do with the assets without your permission. For instance, centralized exchanges can decide to freeze a user’s account or impose withdrawal limits. Funds on centralized exchanges can become inaccessible in the face of bankruptcy, as seen in FTX’s situation. Centralized exchanges collect sensitive personal information for KYC purposes. That is a regulatory requirement in many jurisdictions, meaning that users must submit such data to the platforms. This requirement leaves users vulnerable, as they rely on the platform’s security infrastructure for their data safety. There have been several cases of data breaches where users’ data gets exposed, leaving them at risk of more severe implications. Contrary to storing crypto on centralized exchanges, it is better to adopt non-custodial wallets where you have total control of your digital assets. It is crucial to note the relative inconvenience this might pose, especially for users who engage in active trading or want to explore the extra features that centralized exchanges provide. The level of security between both systems is incomparable, including the elimination of data privacy concerns. However, crypto practitioners using non-custodial wallets engage with centralized exchanges momentarily, exposing only a portion of their assets for specifics like trading and staking. Thus, the bulk of their funds remain safe under their control and away from the prying eyes of hackers. It is crucial to balance between custodial and non-custodial storage systems when trying to make the most out of one’s crypto adventure. As an individual crypto user, restricting yourself to non-custodial wallets might limit the benefits you can derive from the crypto industry. Typically, you may need to adopt the following steps to maximize the opportunities the industry provides. This is a risk management method where you can divide your assets between non-custodial wallets and centralized exchanges. This method is ideal for those involved in active crypto trading or explorers of the various features that centralized exchanges provide. Typically, you would store the bulk of your assets away from the exchange and keep only a part of your holdings on the platform for ease of access. Several exchanges are offering a variety of crypto services. Do not get carried away by enticing offers with exciting returns. Stick to well-known exchanges that have proven their reliability over time. In case you choose to go with an emerging platform, be sure to research them properly to ascertain their genuineness and the reliability of their services. Note that even reputable platforms are not immune to attacks and system failures. Always follow developments in the crypto industry by tracking the news. That will allow you to access critical information, keeping you ahead with potential risks and opportunities. Ensure that you keep the private keys of your non-custodial wallet in a safe place, where you would not lose them and where they are unreachable to anyone else. Do not share the keys with other people, and avoid using them on unsecured devices. Your choice of crypto storage system has a lot to do with your investment habit. If you engage in daily active trading, you may need to adopt the services of centralized exchanges often, especially for those features that are not available under non-custodial storage. However, you must understand the potential risks involved. At the same time, for any crypto asset not under active trading, staking, or any other investment instrument, your best option would be to keep them in non-custodial storage. A hybrid approach combined with proper monitoring of the crypto environment will help you to maximize your opportunities as a crypto practitioner without exposing yourself to unnecessary risks. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.