Former CFTC Chair Backs US Bitcoin Reserve as Forward-Looking Move

Nov 27, 2024, 01:29 PM

Former CFTC Chair Chris Giancarlo has expressed support for the idea of the United States establishing a Bitcoin reserve. Giancarlo referred to Bitcoin as the 'world's first digital commodity' and described the move as 'a very forward-looking idea' and 'a sensible move.' He compared the concept to the U.S. stockpiling other commodities like oil and gold, noting that other nations, such as China, are also engaging in similar practices.