ABC News on Nostr: Bitcoin soars on hopes of bitcoin strategic reserve. Here's how it would work. ...
Bitcoin soars on hopes of bitcoin strategic reserve. Here's how it would work.
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Bitcoin price topped $107,000 for the first time on December 18, 2024; price increased over 50% since Trump's election; Trump supports a U.S. bitcoin strategic reserve; proponents argue it could diversify financial holdings and prevent foreign dominance; critics warn of volatility and lack of necessity; strategic reserves safeguard against shortages, similar to the SPR established after the 1970s oil crisis; Nik Bhatia of USC emphasizes U.S. leadership in technology; Bitcoin Policy Institute advocates for stockpiling digital gold; Ananya Kumar from Atlantic Council questions bitcoin's social utility and financial stability risks.
#Bitcoin #Trump #StrategicReserve #Cryptocurrency #Finance #Volatility #Investment #UsEconomy #DigitalCurrency #Policy
https://abcnews.go.com/Business/bitcoin-soars-hopes-bitcoin-strategic-reserve-work/story?id=116863315
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Bitcoin price topped $107,000 for the first time on December 18, 2024; price increased over 50% since Trump's election; Trump supports a U.S. bitcoin strategic reserve; proponents argue it could diversify financial holdings and prevent foreign dominance; critics warn of volatility and lack of necessity; strategic reserves safeguard against shortages, similar to the SPR established after the 1970s oil crisis; Nik Bhatia of USC emphasizes U.S. leadership in technology; Bitcoin Policy Institute advocates for stockpiling digital gold; Ananya Kumar from Atlantic Council questions bitcoin's social utility and financial stability risks.
#Bitcoin #Trump #StrategicReserve #Cryptocurrency #Finance #Volatility #Investment #UsEconomy #DigitalCurrency #Policy
https://abcnews.go.com/Business/bitcoin-soars-hopes-bitcoin-strategic-reserve-work/story?id=116863315