CandleFocus Trump could put billions into US Bitcoin reserve without Congress approval
2024-11-15
Author: Content Editor
Bitcoin Magazine CEO David Bailey has proposed that President-elect Donald Trump could establish a national Bitcoin reserve without requiring approval from Congress. Bailey suggested that Trump could use executive authority to initiate a BTC acquisition program similar to MicroStrategy's, potentially worth tens of billions of dollars. While larger purchases may require Congress's approval, the idea of a US Bitcoin reserve has gained traction within the crypto community. Supporters believe it could solidify Bitcoin's reputation as "digital gold" and strengthen the US financial position, while critics argue it could result in a wealth transfer from taxpayers to Bitcoin holders.
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