Trump Supporters Suggest National Bitcoin Reserve
Leaders and investors in the cryptocurrency industry are urging Trump to create a national Bitcoin reserve to more closely tie this volatile industry to the country's financial future.
Trump has shown broad interest in the idea, but some supporters suggest taking more aggressive measures, such as purchasing billions of dollars' worth of Bitcoin and holding it long-term, hoping that future appreciation will help repay the national debt.
Economists warn that this proposal carries significant risks: Bitcoin prices are highly volatile, and if the government buys at current near-historic highs, a subsequent price drop could harm taxpayer funds.
Moreover, this initiative may primarily benefit existing Bitcoin holders, who could profit from rising prices, while the general public faces potential financial risks.
