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The best-known example is the U.S. Strategic Petroleum Reserve, the world's largest supply of emergency crude oil, which was created by an act of Congress in 1975 after a 1973-74 Arab oil embargo ...
WASHINGTON (Reuters) -Bitcoin hit a record high above $107,000 on Monday after President-elect Donald Trump reiterated plans to create a U.S. bitcoin strategic reserve, stoking the enthusiasm of ...
A Barclays analysis said funding a bitcoin strategic reserve probably would require the issuance of new treasury debt, according to Reuters. The bank suspects such a plan to "face stiff resistance ...
Texas is among the states with a bitcoin reserve bill in the works. ... believes that a US Bitcoin Strategic Reserve adds upside to Bitcoin as much as $500,000 in 2025," Lee said in a Monday note.
For example, according to one estimate, for the strategic Bitcoin reserve to have any realistic chance of helping to pay down the $35 trillion national debt, the market cap of Bitcoin would need ...
Sen. Cynthia Lummis (R–Wyo.) has introduced a bill to make that strategic reserve real, working toward government ownership and stewardship of a million bitcoin—nearly 5 percent of the total ...
Propelling the asset’s rapid ascent is talk of the United States creating a strategic Bitcoin reserve. ... Lummis’ bill would simply convert a small portion of the US government’s gold ...
Crypto bulls are eager to see Trump establish a "bitcoin strategic reserve." Supporters say the US could manage its debt if it buys and holds bitcoin now. Yet, sources tell BI they expect ...