Bitcoin price hovers around $97,000 on Wednesday after falling 3.5% the previous day. President Trump’s crypto czar David Sacks says they will evaluate a Bitcoin Reserve. A K33 report highlights that Bitcoin CME traders maintain a defensive position and suggest investors avoid leverage at any cost.

The feasibility of Donald Trump’s ambition to create a national reserve of Bitcoin is still being studied by officials in the administration, White House crypto czar David Sacks said as he met with lawmakers to advance the new president’s policies on digital assets.

White House crypto czar David Sacks declared that the U.S. was on the cusp of a “golden age in digital assets,” following years of regulatory uncertainty. While Sacks acknowledged that the Trump administration’s specific crypto policies were still in development,

David Sacks had very bullish statements around Bitcoin and crypto in his first ever media briefing as he confirmed that Bitcoin will be assessed for a national strategic digital asset reserve.