According to Deep Tide TechFlow news on December 11, as reported by Bitcoinist, Alabama State Auditor Andrew Sorrell recently publicly proposed the establishment of a Strategic Bitcoin Reserve (SBR). This proposal is based on the growing interest from federal and state policymakers in SBR, as well as the context of a significant increase in Bitcoin prices following Trump's election as president.
In a media interview, Sorrell emphasized what he believes to be the inevitability of the long-term success of Bitcoin and cryptocurrency: "The debate over whether cryptocurrency will succeed is over. To date, cryptocurrency is a $30 trillion asset class, while state investments in cryptocurrency are zero. It is also the fastest-growing asset class with the greatest potential for price appreciation."
In addition, he stated that there are three main goals for establishing the Strategic Bitcoin Reserve (SBR): portfolio diversification, cryptocurrency-friendly positioning, and prevention of currency-related risks.
