Trump's Bitcoin Stockpile Plan Would Have 'Positive Impact' On Crypto Prices, But Would Leave Investors Exposed If Government Decides To Sell, Says Expert
Portfolio Pulse from Benzinga Neuro
Donald Trump has proposed a state Bitcoin reserve, which could positively impact Bitcoin prices but expose investors to risks if the government sells its reserves. The U.S. government currently holds $11.1 billion worth of crypto, including 203,239 Bitcoin tokens. Experts are skeptical about the plan.
August 06, 2024 | 8:59 am
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POSITIVE IMPACT
Trump's proposal for a state Bitcoin reserve could positively impact Bitcoin prices due to reduced supply, but investors may face risks if the government decides to sell its reserves.
A government-held Bitcoin reserve would reduce the available supply, likely driving up prices. However, the potential for the government to sell its reserves introduces risk for investors.
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IMPORTANCE 90
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