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Analyst: US Senators and Congressmen do not understand cryptocurrency, Bitcoin strategic reserve carries risk

Analyst: US Senators and Congressmen do not understand cryptocurrency, Bitcoin strategic reserve carries risk

Bitget2024/11/15 13:48
BTC-0.14%

On November 15, Republican Senator Cynthia Lummis plans to push a bill when the new Congress convenes next year, demanding that the United States purchase 1 million Bitcoins, accounting for nearly 5% of the circulating tokens. In response to this, Jennifer J.Schulp, Director of Financial Regulation Studies at the Cato Institute's Center for Monetary and Financial Alternatives said: "This is still putting government money on a bet, and Bitcoin has not shown itself to be a particularly stable asset. The bill requires senators and congressmen to make greater leaps in confidence in its long-term viability while they may not understand cryptocurrencies so well."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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