CoinVoice has recently learned that, according to Bitcoinist, Alabama State Auditor Andrew Sorrell publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR), based on the growing interest of federal and state policymakers in SBR, and in the context of the significant rise in Bitcoin prices following Trump's election as president.
In a media interview, Sorrell emphasized his belief in the inevitability of the long-term success of Bitcoin and cryptocurrencies: "The debate about whether cryptocurrencies will succeed is over. As of now, cryptocurrencies are a $30 trillion asset class, while the government's investment in cryptocurrencies is zero. It is also the fastest-growing asset class with the greatest potential for price appreciation."
In addition, he stated that the establishment of the SBR has three main goals: portfolio diversification, cryptocurrency-friendly positioning, and protection against currency-related risks. [Original link]
