BlockTower Capital CIO: The idea that the US government holds a strategic reserve of Bitcoin is positive for its price
Ari Paul, Chief Information Officer of BlockTower Capital, said that the idea of the US government holding Bitcoin as a strategic reserve could be beneficial for its price, but it is not realistic in the short term. I am against the idea of the US using Bitcoin as a strategic reserve in the next four years at a 10:1 odds. However, Paul further explained that Trump may say this, which would be very beneficial for Bitcoin's medium-term trend. Although the next president may say they do not plan to sell any Bitcoin currently held by the government, this does not mean they actually "establish a Bitcoin strategic reserve".
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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