Bitcoin As A Strategic Reserve Asset For The US? Expert Details How Trump Could Make It Happen
Portfolio Pulse from Murtuza Merchant
Dennis Porter, CEO of Satoshi Act Fund, suggests integrating Bitcoin into the U.S. Exchange Stabilization Fund (ESF) as a strategic reserve asset. This could stabilize the dollar and provide liquidity during financial crises. Porter also proposes an executive order to transfer confiscated Bitcoin to the ESF.
July 19, 2024 | 7:08 pm
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Dennis Porter proposes integrating Bitcoin into the U.S. Exchange Stabilization Fund (ESF) as a strategic reserve asset. This could stabilize the dollar and provide liquidity during financial crises.
If the U.S. adopts Bitcoin as a strategic reserve asset, it could significantly boost Bitcoin's legitimacy and demand, potentially driving up its price. The proposal to transfer confiscated Bitcoin to the ESF would also increase the U.S. government's Bitcoin holdings without market disruption.
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