CandleFocus Asset Managers Weigh in on US Bitcoin Reserve Debate
2024-11-26
Author: Content Editor
Discussions are underway regarding the establishment of a strategic bitcoin reserve in the United States following President Trump's re-election. Asset management firms and financial analysts have expressed differing opinions on the matter. Vaneck has shown support for the idea, while Blackrock denies any endorsement. The diverging positions highlight varying institutional perspectives on bitcoin as a reserve asset. Meanwhile, bitcoin advocate Michael Saylor continues to advocate for a bitcoin reserve, likening it to historical investments that protected against economic instability. Senator Lummis suggests leveraging existing federal assets, such as gold certificates and seized bitcoins, to create a reserve without additional government spending.
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