Bitcoin Crash Casts Shadow Over US Strategic Reserve Plan

Quick Summary:

Recent BTC price volatility calls into question the wisdom of a proposed federal Bitcoin strategic reserve.

The maximum supply of Bitcoin is capped at 21 million tokens.

The Federal Reserve exists to “promote the stability of the U.S.economy and overall financial system,” Lehman College associate professor Dr.

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Article Details

Author / Journalist: Liz Napolitano

Category: Crypto

Markets: Estonia

Topics: Bitcoin strategic reserve Federal reserve Cynthia lummis Strategic reserve Bitcoin Donald Trump Coins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 23:00:46 (18 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © Decrypt

News ID: 21974823

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 4 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 19 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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