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VisitTrump Proposes U.S. Strategic Bitcoin Reserve with 5% Supply Acquisition (1 Million Bitcoins)
Nov 11, 2024, 11:38 AM
The United States is considering a significant move to incorporate Bitcoin into its strategic reserves. Former President Donald Trump has publicly stated his intention to purchase Bitcoin as part of the U.S. reserves, describing it as a last chance to make life changing money. The proposed Bitcoin Act aims for the U.S. to acquire 5% of the total Bitcoin supply, equivalent to 1 million Bitcoins. This move is seen as a strategic effort to position the U.S. advantageously in the global digital currency landscape, similar to the Digital Moon landing race with the USSR. Other countries, such as El Salvador, have already positioned themselves well in the Bitcoin market. The initiative could spark a global race among nations to accumulate Bitcoin for their reserves, with states expected to lead the effort in the U.S.
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