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Market
Will China respond to the U.S. Bitcoin Reserve recommendation by March 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from Chinese government officials or credible news agencies reporting on China's response
Story
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.
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Similar markets
Adopt similar policy • 25%
Condemn the policy • 25%
Neutral stance • 25%
Increase regulation on Bitcoin • 25%
Launch new initiatives • 25%
Increase investments • 25%
No major response • 25%
Other • 25%
Supportive • 25%
Neutral • 25%
Opposed • 25%
No official stance • 25%
Establish a reserve • 25%
Sell current holdings • 25%
Maintain current holdings • 25%
Other • 25%