Strategic Bitcoin Reserve of the USA: President Trump Issues Decree
In a surprising move, US President Donald Trump has signed a decree creating a strategic Bitcoin reserve for the USA. The government reportedly aims to establish an emergency financial reserve using Bitcoin, considered the “gold of the 21st century.”
Bitcoin Reserve Instead of Gold Reserves
Since taking office in 2017, Trump’s fiscal policies have faced criticism from various quarters. Opponents accuse him of negligence, while supporters praise his assertive approach to reforms. With the most recent decision, Trump appears to be betting on Bitcoin’s increasing importance as a virtual currency.
From $10 Million to $100 Billion
The decree plans an initial purchase of Bitcoin worth $10 million. According to experts, building this Bitcoin reserve could grow to as much as $100 billion in the coming years. It remains unclear which authority will oversee the Bitcoin transactions and how the purchase will be made.
Further Impact of this Decree
It is expected that this decision will have a direct impact on both the Bitcoin exchange rate and public awareness of the cryptocurrency. The US government aims to make Bitcoin legally recognized and sees itself as a trendsetter in the digital currency market. In a press conference, Trump stated his goal of making Bitcoin more accepted around the world and leading the way for other states to follow suit.
While many experts see this move as a logical response to shifts in the global economy, some are skeptical. Critics point to the volatility of Bitcoin and the potential risks. Nevertheless, it seems the US government has already made its decision and views Bitcoin as a further building block of its financial strategy.
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