$BTC The concept of a “US Bitcoin reversal” is not clearly defined, but I can provide some insight into the relationship between the US and Bitcoin.
Recently, there have been proposals to establish a strategic Bitcoin reserve, which would involve the US government holding Bitcoin as a reserve asset, similar to gold¹. Supporters argue that this would help maintain the dollar’s global dominance and hedge against exchange rate risk.
However, critics argue that holding Bitcoin as a reserve asset would not provide the same benefits as holding traditional reserve assets such as gold or foreign currencies. Furthermore, the US government’s ability to manipulate the value of Bitcoin is limited, and it is unclear whether holding Bitcoin would provide any significant economic benefits.
As for the current market, the price of Bitcoin is around $98,657.88, with a 24-hour high of $100,777.93 and a low of $96,150.00.