Speculation has begun on social networks about a Bitcoin reserve fund in the United States, which presidential candidate Donald Trump is allegedly announcing at the Bitcoin 2024 conference in Nashville.
According to BnkToTheFuture founder Simon Dixon, there is "increasing evidence that these rumors may be true."
The conference, at which Trump is expected to announce the creation of a reserve of the first cryptocurrency if he wins the election, will be held from July 25 to 27. The event will also feature speeches by independent presidential candidate Robert Kennedy Jr., ARK Invest CEO Cathie Wood, MicroStrategy founder Michael Saylor and others.
Satoshi Act Fund CEO and co-founder Dennis Porter noted that “people don’t believe” in the emergence of a strategic bitcoin reserve in the United States, but “at this stage it is inevitable.”
“Everyone should have a strategic reserve of bitcoins. You. Your family. Your business. Near your city. In your state. In your country. Everyone has,” added Satoshi Action Education President Michael Goldstein.
It is assumed that the basis for American bitcoin savings will be confiscated cryptocurrency. According to the Arkham dashboard, the US government leads other countries in the volume of digital assets stored - 213,297 BTC, worth $14.1 billion.
BlockTower Capital founder Ari Paul believes that the idea of the government creating a Bitcoin reserve may seem “bullish” from a price point of view, but is unlikely to be feasible in the near future.
“I would bet ten to one that the US will add Bitcoin as a strategic reserve within the next four years,” he wrote.
According to Paul, Trump may still say “something optimistic” about the first cryptocurrency in the medium term.
It is possible that the next president “does not intend to sell” the current government holdings of digital assets, but this does not mean creating a strategic reserve, the founder of BlockTower Capital emphasized.
Earlier, Bitcoin Magazine CEO David Bailey accused the United States of wasting bitcoins. According to him, the reserve of the country's first cryptocurrency should have exceeded 400,000 BTC, but instead the Democrats sold a significant part of the assets at a reduced price.
Recall that billionaire investor Mark Cuban admitted that against the backdrop of geopolitical uncertainty and the failure of the dollar as a reserve currency, Bitcoin could become a global “safe haven.”
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