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How a bitcoin stockpile would work. The United States already owns nearly $20 billion worth of bitcoin obtained through legal seizures, according to crypto tracking firm Arkham Intelligence ...
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 ...
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 ...
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.
In July, President-elect Donald Trump vowed to create a “national Bitcoin stockpile.” Republican Senator Cynthia Lummis introduced a bill to use existing government funds to purchase 1 million ...
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 ...
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 ...
BlackRock's iShares Bitcoin Trust and Grayscale Bitcoin Trust hold 344,070 and 240,140 tokens respectively, according to data site BitcoinTreasuries. A government bitcoin stockpile could shore up ...
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