Trump potentially declaring Bitcoin a strategic reserve asset seen as a ‘watershed moment’
as a “strategic reserve asset” during a crypto conference in Nashville later this month, according to rumors on social media.
“Adding #Bitcoin as a ‘strategic reserve’ to the US Treasury is a no brainer and once the USA does it, the paradigm will shift and the world will understand they must also have a #Bitcoin position,” he wrote on X.Yves La Rose, co-founder of ExSat, told Investing.com that designating Bitcoin as a strategic reserve asset in the United States"would mark a pivotal shift in the nation's financial strategy.
“This initiative can potentially boost Bitcoin's price, attract new investors, and increase its legitimacy. Using seized assets to fund this reserve could help effectively utilize these holdings, reducing the need for additional Bitcoin purchases on the open market,” Iva Wisher Co-founder & COO of Prom, told Investing.com.“Concrete expectations and the implementation of this initiative will become clearer after the elections, and it’s quite a sensible time to make final conclusions.
Other Bitcoin-friendly political leaders have been advocating for merits in Bitcoin as a strategic reserve asset. They argue that as Bitcoin continues to gain value, countries will compete to accumulate it, similar to other scarce commodities like gold, silver, platinum and oil reserves.The US currently leads in Bitcoin holdings, having seized massive amounts from illicit actors. According to some estimates, the US government holds more than 200,000 bitcoins.
“It could really mean they're serious about crypto regulations and not just using it as campaign rhetoric,” Parker concluded.
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