Donald Trump

Bitcoin

Reserve

Could Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>), the world’s leading cryptocurrency, become part of the United States’ national reserve? 
What once seemed like a far-fetched idea is now gaining traction, especially with the pro-crypto Donald Trump’s incoming return to the White House. 
The concept of a strategic Bitcoin reserve has become the subject of serious discussion and could reshape both the US economy and the global financial landscape.
National reserves — traditionally comprising gold, foreign currencies and commodities like oil — act as a nation’s financial safety net.
Bitcoin proponents argue that its decentralized nature and capped supply make it a powerful inflation hedge, similar to gold. The US already holds over 200,000 BTC, seized during criminal investigations. But some lawmakers, like Senator Cynthia Lummis, want to take it further.
Lummis’ Bitcoin Act proposes the US acquire up to 1 million BTC over five years, funded by reallocating existing federal assets. <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/pennsylvania-house-passes-crypto-regulation-bill" rel="" target="_self" text="null" title="https://cointelegraph.com/news/pennsylvania-house-passes-crypto-regulation-bill">States like Pennsylvania</a> are already considering Bitcoin investments, potentially setting a precedent for federal action.
Critics, however, point to Bitcoin’s volatility and the risks of government control over a decentralized asset. Despite these concerns, experts predict that the creation of a US Bitcoin reserve could drive its price to unprecedented levels, with some estimates reaching $500,000 or even $1 million per coin.
Curious to learn more? Check out <a data-ct-non-breakable="null" href="https://youtu.be/pUxcQDO30Jo" rel="nofollow noopener" target="_blank" text="null" title="https://youtu.be/pUxcQDO30Jo">Cointelegraph’s latest YouTube video,</a> which breaks down this bold proposal, explores its potential impact, and asks whether Bitcoin could be the key to tackling the US national debt. And don’t forget to subscribe to Cointelegraph’s YouTube channel! <iframe width="100%" height="315" src="https://www.youtube.com/embed/pUxcQDO30Jo" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Is the US gov’t poised to add Bitcoin to its national reserve?

Cointelegraph

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