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What impact will the Strategic Bitcoin Reserve proposal have on U.S. debt policy by 2024?
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Resolution / Starting Odds
Significant policy change • 25%
Minor policy adjustments • 25%
No impact • 25%
Other • 25%
Analysis and reports from financial policy think tanks and government announcements
Story
Trump Proposes Strategic Bitcoin Reserve to Address $35 Trillion Debt Using $20 Billion Bitcoin Assets
Dec 22, 2024, 03:30 AM
Former President Donald Trump has proposed the establishment of a Strategic Bitcoin Reserve for the United States, suggesting it could help address the national debt, currently at $35 trillion. In recent remarks, Trump indicated that the U.S. could potentially utilize its existing $20 billion in Bitcoin assets, accumulated through seizures, as a national asset to enhance the country's cryptocurrency influence. This proposal has sparked discussions about the implications of holding Bitcoin as a long-term strategy versus selling it. The idea of a Strategic Bitcoin Reserve is being explored as a way to manage national debt while potentially benefiting from Bitcoin's market dynamics.
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Similar markets
Debt decreases significantly • 25%
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Strengthened U.S. dollar • 25%
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