Bitwise CIO Matt Hougan has said that a U.S. Bitcoin strategic reserve could prevent a future ban of the asset and boost global holdings.
This development follows President Donald Trump’s signing of an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile.
The Potential Advantages of a BTC Reserve
White House AI and Crypto Czar David Sacks revealed the development in a Thursday post on X. Reacting to the news, Matt Hougan highlighted the impact that the establishment would have.
The Bitwise investment head stated that the approval would significantly lower the chances of the U.S. government ever banning Bitcoin. He also suggested that it would accelerate the pace at which countries consider setting up such reserves, as they might see a short-term opportunity to act before potential additional purchases by the country.
Further, he emphasized that the decision would make it much more difficult for institutions, including national account advisor pl
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