Investors Urge Trump to Create a National Cryptocurrency Reserve - Media.
According to a report by The Washington Post, cryptocurrency executives and investors are urging President Trump to create a national reserve of Bitcoins to pay off the U.S. national debt. They suggest that Trump purchase billions of dollars worth of Bitcoins and hold them in hopes of price appreciation.
However, experts caution that this could be very risky, as cryptocurrency prices are volatile and can drop. Nevertheless, Bitcoin holders who already possess this cryptocurrency could benefit from its appreciation if Trump decides to buy Bitcoins.
Experts note that such a reserve would be advantageous for Bitcoin owners, but from the perspective of implementing this idea, it lacks logic. Currently, the U.S. government holds reserves in foreign currencies, gold, and other important resources.
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