Anthony Scaramucci: US May Adopt BTC as Strategic Reserve Asset, Purchase Amount Could Be Lowered

Anthony Scaramucci, founder of American hedge fund SkyBridge Capital, recently appeared on the crypto podcast Bankless and stated that the "US Congress could pass a bill this year that would make Bitcoin a strategic reserve asset." However, Scaramucci believes that the amount purchased may be less than the initial plan of 1 million BTC. Scaramucci also emphasized that "US President-elect Donald Trump wants the bill to pass, and there is likely to be bipartisan support for crypto-related bills in Congress." If BTC is adopted as a strategic reserve asset, it will also raise the status of the dollar. This news comes on the heels of a recent announcement by the US Treasury Department that it is considering regulating cryptocurrencies. The department is seeking public comment on how to best regulate digital assets, including Bitcoin. The comment period ends on February 14th, 2022. The US government's interest in regulating cryptocurrencies is a sign that digital assets are becoming more mainstream. If the US adopts BTC as a strategic reserve asset, it would be a major step forward for the cryptocurrency.