Analysts suggest that the United States may acquire 1.05 million Bitcoin in the next five years if it converts 15% of its gold reserves into the cryptocurrency. The proposed Strategic Bitcoin Reserve has gained support in current U.S. government discussions. President Donald Trump has authorized the establishment of the Strategic Bitcoin Reserve and the U.S. Digital Asset Stockpile through an executive order. The reserve will initially be filled with Bitcoin obtained through criminal or civil asset forfeiture. The Treasury and Commerce Secretaries have been given the authority to find ways to acquire more Bitcoin without burdening citizens with taxes. The creation of the Strategic Bitcoin Reserve is seen as a significant change in U.S. monetary policy as digital assets gain prominence in global economic markets.
Content Editor ( cryptonewsland.com )
- 2025-03-08
U.S. Eyes 1 Million Bitcoin Reserve by Selling 15% of Gold Holdings
