Bitwise Research Director: The establishment of strategic Bitcoin reserves by the United States will encourage other countries to purchase Bitcoin

In a message from ChainCatcher, Bitwise Research Director Ryan Rasmussen stated that the ultimate goal was never for the U.S. government to buy all Bitcoin. The implications of a strategic U.S. Bitcoin reserve are:

 

· Other countries will purchase Bitcoin;

 

· Wealth managers have no excuses;

 

· Financial institutions have no excuses;

 

· Pension/donation funds have no excuses;

 

· Concerns about selling Bitcoin to the U.S. disappear;

 

· The U.S. may buy more Bitcoins;

 

· The likelihood of states buying Bitcoin increases;

 

· The possibility of the government banning Bitcoin is zero.

 

This will change everything in the long run.