The post Trump’s Bitcoin Reserve Vision: Hope or Hype? appeared first on Coinpedia Fintech News
Trump has been a vocal Bitcoin supporter for some time now. His presence at the Bitcoin conference in Nashville, talking about Bitcoin and crypto whenever he gets a chance, shows that he has become pro-crypto. In a Twitter space, he mentioned that his kids taught him things about crypto.
One interesting thing that Trump mentioned during his speech at the Nashville conference is that if he gets selected as president of the U.S., he will make a Bitcoin reserve for the country using the seized Bitcoin that are under U.S. government control. But is it really possible to create a strategic reserve out of those Bitcoin?
U.S. Government Bitcoin Holdings
According to Arkham data, the U.S. government holds 203,236 Btc, which is worth over $13 billion. That’s around 1% of the total Bitcoin supply. There are multiple things to focus on before thinking about making a national reserve ou
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