A strategic reserve of Bitcoin is an amount of bitcoins that are stored as part of a financial strategy. Governments, companies, and institutions can have strategic reserves of Bitcoin.
Reasons to have strategic reserves of Bitcoin
• Hedge against inflation
The supply of Bitcoin is fixed, so its purchasing power tends to be maintained over time.
• Diversification
Bitcoin is a different asset that can be added to a financial portfolio.
• Store of value
Bitcoin is considered a good store of value due to its scarcity and durability.
The United States and the strategic reserve of Bitcoin
• President Donald Trump signed an executive order to create a strategic reserve of Bitcoin and an additional reserve of other digital assets.
• The reserve will be capitalized with bitcoins confiscated by the federal Treasury as part of criminal or civil proceedings.
• Some skeptics warn that the value of the reserve could disappear in the event of a market collapse.
DW points out that Trump faces legal and political obstacles before he can turn this idea into reality.#LearnAndDicuss