Reports from the U.S. Treasury or credible financial news outlets

Trump Considers $280 Trillion Strategic Bitcoin Reserve to Strengthen U.S. Dollar

Dec 24, 2024, 03:13 AM

Former President Donald Trump is reportedly considering the establishment of a strategic bitcoin reserve valued at $280 trillion to bolster the U.S. dollar. This proposal, which has been covered by multiple sources including Forbes and the Washington Times, suggests that the U.S. government could create a stockpile of bitcoin, treating it similarly to gold. The discussions around this initiative highlight the potential for the U.S. Treasury to acquire bitcoin without needing congressional approval, as Trump could issue an executive order to facilitate the purchase. The proposal has sparked debate about the implications of such a move, particularly in the context of current fiat currency challenges and the rising value of bitcoin.