Alabama Board of Supervisors Chairman Andrew Sorrell said that Bitcoin could strengthen the US economy and be used as a strategic reserve.
Andrew Sorrell, the chairman of the US state of Alabama's board of auditors, has proposed the creation of a strategic Bitcoin reserve.
Sorrell emphasized that Bitcoin’s value is not affected by the fluctuations of the US dollar and that this feature can strengthen the US’s financial situation. He also stated that Bitcoin can be used as collateral for future borrowing transactions.
Sorrell said that the potential of Bitcoin should not be ignored and that digital assets can play an important role in financial control and debt strategies. This proposal could be the beginning of a new era in US economic strategies as cryptocurrencies become increasingly part of the financial system.
Donald Trump’s promise of a reserve asset for Bitcoin attracted attention in the past. On the other hand, countries like Hong Kong saw it as risky and began discussing limiting it to only small investments.
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