- Trump's bitcoin stockpile plan stirs debate in cryptoverse
• "If elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future," Trump said, adding the funds would serve as the "core of the strategic national bitcoin stockpile."
• Indeed, Trump isn't the only one with such a proposal. U.S. Sen. Cynthia Lummis has introduced legislation that would see the U.S. government purchase 1 million bitcoins, around 5% of the total supply, while independent candidate Robert F. Kennedy Jr. has suggested a government stockpile of 4 million bitcoins.
• The U.S. government holds a bumper cache of crypto: around $11.1 billion worth which includes 203,239 bitcoin tokens, according to data firm Arkham Intelligence which said the pile came from criminal seizures, including from online marketplace Silk Road, which was shut down in 2013.
• At current levels, the U.S. holds about 1% of the overall global bitcoin supply – which stands at about 19.7 million tokens, according to Blockchain.com. Bitcoin's total supply is capped at 21 million coins.
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• "If elected, it will be the policy of my administration to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future," Trump said, adding the funds would serve as the "core of the strategic national bitcoin stockpile."
• Indeed, Trump isn't the only one with such a proposal. U.S. Sen. Cynthia Lummis has introduced legislation that would see the U.S. government purchase 1 million bitcoins, around 5% of the total supply, while independent candidate Robert F. Kennedy Jr. has suggested a government stockpile of 4 million bitcoins.
• The U.S. government holds a bumper cache of crypto: around $11.1 billion worth which includes 203,239 bitcoin tokens, according to data firm Arkham Intelligence which said the pile came from criminal seizures, including from online marketplace Silk Road, which was shut down in 2013.
• At current levels, the U.S. holds about 1% of the overall global bitcoin supply – which stands at about 19.7 million tokens, according to Blockchain.com. Bitcoin's total supply is capped at 21 million coins.
#BlackRockETHOptions #RoninBridgeAlert #MarketDownturn #BinanceTurns7 #BinanceTournament