Reported 1 day ago
The Trump administration recently proposed a 'bitcoin strategic reserve,' consolidating seized bitcoins as a hedge against financial instability. Proponents argue it could help with national debt, while critics view it as risky and a ploy to boost bitcoin's value for early investors. The reserve would utilize only confiscated bitcoins, with no taxpayer money involved, yet the announcement caused bitcoin's value to drop, highlighting skepticism about its role compared to the US dollar.
Source: YAHOO