š„ Trumpās $17B Bitcoin Reserve: Power Play or Political Gamble?
āIn the U.S. we now own more bitcoin that MicroStrategyā¦ and Trump wants to use it! #pressure pleasemanicā (Sutton, 2021).
Donald Trump, ex-president, is causing chaos once more in the crypto space ā this time with the idea of the Strategic Bitcoin Reserve valued at more than $17 billion on seized BTC.
Why it matters:
Such a move would make the U.S. the epicenter of crypto, even surpassing government entities such as El Salvador. But skeptics dismiss it as a maneuver to gain Gen Z and crypto voters in the run-up to the 2024 elections.
Key Questions:
Will it ignite a new era of crypto dominance for the U.S.?
Is Trump pulling off one of the surer masterstrokes of his presidency, or is he taking a big risk?
One thing's for sure:
Looks like Bitcoin became political overnight, and it is now possibly en route to The White House.