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Bitcoin prices have been climbing this year thanks in part to President-elect Donald Trump's messaging on creating a crypto-friendly administration ‒ including plans to stockpile the volatile ...
A government bitcoin stockpile could shore up bitcoin's price. ... the digital asset intended to be decentralized and free of government control becoming part of a state reserve.
What would a bitcoin reserve do? In the same week that Trump pledged to create a national stockpile, Wyoming Senator Cynthia Lummis put out the leading blueprint for what one could look like.
The bill envisages that the Treasury would create a program to buy 200,000 bitcoins annually for five years until the stockpile hit one million tokens. This would represent about 5% of the total ...
A cornerstone of his plan to make that happen is the first-ever Strategic National Bitcoin Stockpile, seeded with about 210,000 Bitcoins ― valued at about $13 billion ― that the federal ...
One industry group, the Bitcoin Policy Institute, has gone as far as to draft a text of a potential executive order Trump could use to establish such a stockpile. That draft would designate ...
Bitcoin could soar to $500,000 if Trump creates a national reserve, Bitwise CIO Matt Hougan said.. The US creating a national stockpile will influence other countries to follow suit, he predicted ...
Another challenge could be to establish a "strategic national bitcoin stockpile" that proponents argue could help stabilize the US economy, strengthen the US dollar, and even eventually help pay ...
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