Asset manager Bryan Courchesne said on CNBC that the Trump administration may use bitcoin as a strategic reserve asset in the United States in the future. The Department of Justice holds 200,000 bitcoins that can be transferred to the Treasury Department, driving its long-term holding and accumulation.
Trump's choice of bitcoin holder JD Vance as his running mate has fueled this speculation. Mark Cuban believes that inflation and geopolitical instability could prompt a global shift towards bitcoin as a global reserve currency. However, Ari Paul, founder of BlockTower Capital, expressed skepticism that this possibility is low in the next four years.
BlockTower founder: The likelihood of the United States using bitcoin as a strategic reserve asset in the next four years is low
2024-07-22 21:25:17
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