Bitcoin Policy Institute Recommends U.S. Strategic Bitcoin Reserve to Counter China, Worth Billions

Nov 4, 2024, 05:08 PM

The Bitcoin Policy Institute has released a 44-page paper recommending the United States develop a Strategic Bitcoin Reserve (SBR). The report suggests implementing a comprehensive legal and regulatory framework and a phased, transparent acquisition strategy. The policy brief argues that U.S. Bitcoin holdings could reinforce American monetary dominance and counter China's digital yuan ambitions. Insider David F. Bailey believes developing countries will soon establish national Bitcoin reserves worth billions, indicating a growing trend towards national adoption of Bitcoin.