President-electDonald Trumpis considering a proposal to establish a national Bitcoin reserve, a move that could intertwine cryptocurrency with U.S. fiscal strategy.
What Happened:Cryptocurrency executives are rallying behind the idea, advocating for the U.S. government to acquire billions of dollars' worth of Bitcoin as a long-term asset, according to a report by The Washington Post on Wednesday.
Proponents argue thatBitcoin's (CRYPTO: BTC) value growth could help pay down the national debt, which now exceeds $36 trillion.
However, critics warn of significant risks, citing the volatility of crypto markets and potential taxpayer exposure.
The...
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