Bitcoin As A Reliable Strategic Reserve Asset Faces Criticism from Todd Phillips

Quick Summary:

Lately, the discussions regarding Bitcoin as a reliable strategic reserve asset have garnered significant interest within the entire cryptocurrency industry due to its potential to serve as a hedge against inflation and economic stability.

The lawyer’s objections come in light of  United States Senator Cynthia Lummis’ efforts to establish BTC as a mainstream financial asset.

Fox Business reveals that the US Senator intends to unveil the new bill at the annual Bitcoin Conference scheduled to be held on Saturday, just before former US President Donald Trump’s anticipated speech.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: HungaryUnited States

Topics: Bitcoin Bitcoin conference BTCUSDT Btcusd Bitcoin News Matthew Sigel Donald Trump Btc Todd Phillips Fed Vaneck Federel Reserve US Senator Cynthia Lummis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-26 @ 01:00:34 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21778869

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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