Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
BlockTower Capital CIO: The idea that the US government holds a strategic reserve of Bitcoin is positive for its price

BlockTower Capital CIO: The idea that the US government holds a strategic reserve of Bitcoin is positive for its price

CointimeCointime2024/07/20 03:44
By:Cointime

Ari Paul, Chief Information Officer of BlockTower Capital, said that the idea of the US government holding Bitcoin as a strategic reserve could be beneficial for its price, but it is not realistic in the short term. I am against the idea of the US using Bitcoin as a strategic reserve in the next four years at a 10:1 odds. However, Paul further explained that Trump may say this, which would be very beneficial for Bitcoin's medium-term trend. Although the next president may say they do not plan to sell any Bitcoin currently held by the government, this does not mean they actually "establish a Bitcoin strategic reserve".

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Santiment: "Whales Bought These 10 Altcoins While Bitcoin (BTC) Was Falling!"

Santiment noted that some altcoins are experiencing massive whale transfers, which are indicative of potential dips.

Bitcoinsistemi2024/12/20 17:00

Lawsuit Shock in This Altcoin! Investors Filed a Lawsuit Against Memecoin That Crashed 95 Percent!

Investors have filed a lawsuit against those involved in the launch and promotion of the memecoin Hawk Tuah (HAWK).

Bitcoinsistemi2024/12/20 17:00