The cryptocurrency task force under President Donald Trump is considering the establishment of a national Bitcoin reserve as a strategic asset, potentially motivating other nations to do the same. The debate over whether the Federal Reserve or the Treasury Department would oversee the reserve continues, with legislative approval necessary for the Fed to manage it. Potential funding methods for the reserve include selling part of the US gold reserves, issuing debt, or using confiscated Bitcoin. The creation of a national Bitcoin reserve could trigger a global trend among central banks to accumulate Bitcoin as a reserve asset. However, regulatory challenges and public skepticism pose barriers to the effort.



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