Most governments today lack the depth of experience needed to operate digital assets,” one industry expert says.
US states are introducing Bitcoin reserve bills, fueling speculation about a global accumulation race as institutions and governments adopt BTC as a reserve asset. The growing number of Bitcoin ...
Michl noted that demand for BTC had surged in recent years after investment management firm BlackRock and other firms started offering Bitcoin exchange-traded funds last year. He ...
Bitcoin reserves on major exchanges have plunged to their lowest level in three years, as CryptoQuant data confirms that only ...
Arguing over Bitcoin versus other cryptocurrencies in a reserve fund to most people is like arguing over which fast food restaurant you are going to. You’re eating shit food no matter what. Everyone ...
By contrast, not only is bitcoin not essential to the economy it has, so far as the numbers tell us, no utility at all. So why would the US need a reserve of it, strategic or otherwise?
One could theoretically argue the government's share of Bitcoin's circulating supply should be higher than 1% based on the country's Gold reserve ratio, but I think that would be an ambitious goal.
Now, the U.S. is strongly considering a new strategic reserve: the Strategic Bitcoin Reserve ("SBR"), in which billions of dollars' worth of the digital currency Bitcoin would be securely stored ...
The Bitcoin community is criticizing Ripple for advocating a US multi-coin strategic reserve, instead of Bitcoin-only, sparking heated debate within the crypto space. Bitcoiners accused Ripple of ...