Official announcements from the US Department of the Treasury or other relevant government agencies

US Space Force Major Proposes Significant Increase in Bitcoin Reserves, Says 1,000,000 Units Insufficient

Nov 7, 2024, 02:28 PM

US Space Force Major Jason Lowery has released a new Bitcoin policy recommendation for the US government. The policy, which is part of a broader National Defense Policy proposal, emphasizes the strategic importance of Bitcoin for national security. Lowery argues that the US needs to significantly increase its Bitcoin reserves, stating that holding only 1,000,000 units is insufficient for the country's needs. He also highlights the concept of 'Mutually Assured Preservation,' suggesting that Bitcoin can play a crucial role in maintaining global stability.