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.