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What will be the primary reason for US creating a Bitcoin reserve by end of 2024?
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Resolution / Starting Odds
Reduce national debt • 25%
Strengthen US dollar • 25%
Economic leverage • 25%
Other • 25%
Official US government statements or reports
Story
US Considers Strategic Bitcoin Reserve Amid $101K Price Surge
Dec 6, 2024, 10:14 PM
The United States is reportedly considering the creation of a strategic Bitcoin reserve, a move that could mark Bitcoin's debut on the global stage. This development has gained momentum as several companies are now setting up their own Bitcoin reserves. Proponents argue that a national Bitcoin reserve could significantly reduce national debt, strengthen the US dollar, and enhance economic leverage over countries like China and Russia. The price of Bitcoin has surged past $101,000, driven in part by this speculation and the broader adoption of Bitcoin, including the launch of BlackRock's Bitcoin ETF.
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Other • 25%
To diversify national reserves • 25%
To stabilize the dollar • 25%
To boost crypto market clout • 25%
Other • 25%
Economic competitiveness • 25%
Technological advancement • 25%
Financial stability • 25%
Economic freedom • 25%
Hedge against inflation • 25%
National security • 25%
Other • 25%
National Security • 25%
Economic Stability • 25%
Technological Advancement • 25%
Other • 25%
Strategic leverage • 25%
Other • 25%
Investment • 25%
Monetary reserve • 25%
Financial stability reserve • 25%
Other • 25%
Monetary policy tool • 25%
International trade settlements • 25%
Bitcoin reserve established • 25%
No Bitcoin reserve • 25%
Reserve for another cryptocurrency • 25%
No reserve for any cryptocurrency • 25%
Promote Bitcoin adoption • 25%
Stabilize the US Dollar • 25%
Other • 25%
Enhance financial security • 25%