Why Donald Trump Needs To Create A Strategic US Bitcoin Reserve

Quick Summary:

Donald Trump’s recent election victory has reignited discussions around his campaign promise to establish a strategic US Bitcoin reserve.

However, he acknowledged the potential strategic value of such a move.“It would be very smart for the United States to take the Bitcoin they have and maybe add some to it,” he suggested.“That would signal to the world that we are a technology-first country, a crypto, digital asset-first country.

Speaking further on the need to create the Bitcoin reserve, Pompliano said, “This asset (Bitcoin) is so asymmetric.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaBhutanEl SalvadorUnited States

Topics: Anthony Pompliano Donald trump Bitcoin 24/7 Cryptocurrency News US Bitcoin Reserve Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 16:42:09 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 931 words

Reading Time: 6 minutes read

Sentences: 50 lines

Sentence Length: 19 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 23616870

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About CoinGape

Main Topics: Crypto

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