$BTC #WhiteHouseCryptoSummit
gains mainstream acceptance, nations and institutions are beginning to treat it as more than just a speculative asset—with some looking to stockpile it as a strategic reserve, much like gold.
A strategic Bitcoin reserve is a stockpile of BTC held by an entity, such as a government or institution, for strategic or financial purposes. In 2024, leading up to the U.S. Presidential election, then-candidate Donald Trump and others proposed the establishment of a strategic Bitcoin reserve for the United States.
Advocates argue that creating a national stockpile of Bitcoin and other cryptocurrencies would stabilize markets, and position the U.S. as a leader in the digital asset space.
Here’s how it works.Bitcoin has been dubbed “digital gold” due to its finite supply, which ensures that no more than 21 million BTC can ever be mined.
The cryptocurrency’s proponents argue that this enables Bitcoin to function as a hedge against inflation and currency devaluation. Thus, a country looking to strengthen its financial