We Don’t Need BTC As Strategic Reserve, Jim Bianco Explains Why

Quick Summary:

Such a warning was shared by macro economist Jim Bianco, the president of Bianco Research, while speaking to journalist David Lin, the host of The David Lin Report.

Instead of raising interest rates for BTC, the government might gain too much control over the BTC price in the long haul.

Lummis suggests buying a whopping 1 million Bitcoins (BTC), which is roughly equal to $60 billion.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaEl SalvadorHong Kong

Topics: Strategic Reserve BTC Jim Bianco Latest News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 05:21:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 309 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21965572

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About BitcoinWorld

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Official Website: bitcoinworld.co.in

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