Official announcements from the U.S. Department of the Treasury or Federal Reserve

Jack Mallers Calls U.S. Bitcoin Strategic Reserve Greatest Economic Move Since 1917, Bigger Than 1971

Nov 12, 2024, 11:13 PM

Jack Mallers, a prominent figure in the cryptocurrency space, has stated that the establishment of a Bitcoin strategic reserve by the United States would represent a significant economic milestone, potentially the most important since the U.S. left the Gold Standard in 1971. He emphasized that this move would mark a positive shift in U.S. financial policies, contrasting it with historical actions that he believes have not served the public interest, such as the Federal Reserve's decisions and the gold window closure in 1971. Mallers reiterated that a Bitcoin strategic reserve could be the first beneficial financial initiative for the American public in over a century, highlighting its potential to reshape the economic landscape in favor of the populace.