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The Trump administration has announced its intention to hold as much Bitcoin as possible. This bold move is a significant shift in the government’s stance on cryptocurrency.
The news comes after a roundtable hosted by the Bitcoin Policy Institute, where executive director Bo Hines revealed that there should be no limit to the amount of Bitcoin the U.S. government holds. This aggressive approach has left many wondering what prompted this sudden change in policy and whether it is a temporary measure or a long-term strategy.
The administration’s plan to accumulate a large number of Bitcoins is being seen as an effort to increase its influence on the cryptocurrency market. The decision will likely have far-reaching consequences for the global economy and could potentially impact the value of other digital currencies.
For now, details about the government’s Bitcoin holdings remain scarce, but it appears that they are not interested in holding any other cryptocurrencies.
Source: https://cryptotale.org/trump-admin-wants-u-s-to-hold-as-much-bitcoin-as-possible/
