What is a strategic bitcoin reserve and why did Trump establish it? Story in 10 points

US President Donald Trump on Friday signed an executive order to establish a strategic reserve for Bitcoin, making the US one of the few countries in the world to create a national stockpile of blockchain assets. Trump hosted top cryptocurrency players at the White House, a political boost for an industry that has struggled to gain legitimacy. Asian stocks tumbled Friday following a tough day on Wall Street as uncertainty over US President Donald Trump's trade policies roiled markets and traders awaited key US jobs data. Bitcoin plunged as much as 5.7 percent after Trump signed an executive order to establish a Strategic Bitcoin Reserve without planning any public purchases of the cryptocurrency.