Bitcoin As A Strategic Asset? CryptoQuant CEO Questions US’s Next Move
Since President-elect Donald Trump raised the possibility of establishing a US Bitcoin Strategic Reserve, many advocates have pushed for the creation of the crypto stockpile, saying that it would make the country as the leader in the global cryptocurrency landscape. However, not everyone in the crypto community is convinced of the feasibility of the crypto reserve. CryptoQuant CEO Ki Young Ju is pessimistic that the prospect of the Bitcoin Strategic Reserve would get an approval from the incoming administration. Related Reading: Bitcoin To $350K? Kiyosaki Stands Firm Amid BlackRock ETF....
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The recent remarks by leading US presidential candidate Donald Trump regarding Bitcoin’s potential role as a strategic reserve asset for the United States have ignited substantial discussions among policymakers, legal experts, and financial analysts. While Forbes reported on the potential move, it is David Bailey, CEO of Bitcoin Magazine and advisor to the Trump campaign, […]
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Every week someone floats the idea their favorite crypto coin should be a strategic asset of the US government. This week, Ripple’s XRP has been nominated, and the SEC Crypto Task Force seems to like it a lot. So much so that they published it on their website. It’s not an official proposal, but publishing […]
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Lately, the discussions regarding Bitcoin as a reliable strategic reserve asset have garnered significant interest within the entire cryptocurrency industry due to its potential to serve as a hedge against inflation and economic stability. Even though most people see this as a notable idea, some believe BTC is an unreliable choice for a federal reserve […]