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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 ...
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 ...
Similarly, the strategic Bitcoin reserve is being created in response to economic problems currently facing the U.S. government, including a massive national debt of $35 trillion.
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.
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 ...
President-elect Donald Trump’s plan to create a strategic Bitcoin reserve has drawn criticism from former Treasury Secretary Larry Summers. ... (R-Wyo.) has introduced a bill to establish a ...
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 ...