– The post by Treasury Secretary Scott Bessent announces the use of forfeited Bitcoin to establish a Strategic Bitcoin Reserve, fulfilling a March 2025 Executive Order by President Trump, which aims to position the U.S. as a global Bitcoin leader amid growing international interest in cryptocurrency reserves.
– This move follows a White House fact sheet estimating that premature Bitcoin sales have cost U.S. taxpayers $17 billion, supported by blockchain data analysis from the Chainalysis 2024 Crypto Crime Report, which highlights the value of retaining seized assets.
– The policy contrasts with mainstream economic caution, as a 2023 Federal Reserve study (FEDS Notes) on digital currencies raised concerns about volatility, suggesting the reserve could face scrutiny if Bitcoin’s price swings intensify inflation pressures.
Deeply Undermining Currency Knowledge
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